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Media Exchange Group Announces Tarsin (Europe) Ltd (aTarsina) of London and Media Exchange Group Have Executed a Letter of Inte

^{Published on 2010-07-23 06:06:11 - Market Wire}
 

LOS GATOS, Calif.--([ BUSINESS WIRE ])--Rachel Baer, Secretary and Corporate Counsel for Media Exchange Group, Inc. (f/k/a China Wireless Communications, Inc.) (Pink Sheets:CWLC) announced today the signing of a non-binding letter of intent for the acquisition of Tarsin Ltd by Media Exchange Group Inc. Both companies have agreed to work, through counsel, towards the execution of a definitive agreement.

In the event of any acquisition the combined companies would retain the name Media Exchange Group. The combined companies are developing unique mobile applications, the youth sports social network, and digital trading card mobile applications, along with Tarsina™s digital & multiple international mobile product solutions for the wireless gaming industry and the proprietary CAPSA platform. [ www.tarsin.com ]

Forward Looking Statements

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward- looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.