----

**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**Washington, D.C. 20549

**FORM 10-KSB/A**(Amendment No. 2)

(Mark One)

Q   ANNUALREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: **December31, 2007**

£  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934

For the transition period from____________ to _____________

Commission File No. 000-51806

**CHINA MARKETING MEDIA HOLDINGS, INC.**

-------------------------------------------------------------------------------------------------------

(Name of small business issuer in itscharter)

| **TEXAS**
**76-0641113**
(State or other jurisdiction of    incorporation or organization)
(I.R.S. Employer Identification No.)
RMA 901KunTai International MansionNo. 12 Chaowai StreetBeijing, 100020, China-------------------------------------------------------------------------------------------------------

(Address of Principal Executive Offices)

(86)10-59251090

-------------------------------------------------

(Registrant's Telephone Number, IncludingArea Code)

Securities registered under Section 12(b)of the Exchange Act:  NONE

Securities registered under Section 12(g)of the Exchange Act:  Common stock,  no par value

Check whether the issuer (1) filed allreports required to be filed by Section 13 or 15(d) of the Exchange Act duringthe past 12 months (or such shorter period that the registrant was required tofile such reports), and (2) has been subject to such filing requirements for thepast 90 days.  Yes Q     No £

Check if no disclosure of delinquentfilers in response to Item 405 of Regulation S-B is contained in this form, andno disclosure will be contained, to the best of registrant's knowledge, indefinitive proxy or information statements incorporated by reference in Part IIIof this Form 10-KSB or any amendment to this Form 10-KSB.  Q

Indicate by check mark whether theregistrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes £     No Q

The issuer's revenues for its most recentfiscal year are $9,735,841.

The aggregate market value of the votingand non-voting common equity held by non-affiliates computed by reference to theaverage bid and asked price of such common equity, as of April 16, 2008 is $0.72million.  Shares of common stock held by each officer and director and by eachperson who owns 10 percent or more of the outstanding common stock have beenexcluded in that such persons may be deemed to be affiliates of the issuer. This determination of affiliate status is not necessarily a conclusivedetermination for other purposes.

The number of shares outstanding of theissuer's common stock as of April 16, 2008 is 27,586,002.

Documents incorporated by reference: NONE.
**EXPLANATORY NOTE

China Marketing Media Holdings, Inc. (the ''Company'') isfiling this Amendment No. 2 on Form 10-KSB/A solely to revise certaindisclosures contained in the Company's Annual Report on Form 10-KSB for thefiscal year ended December 31, 2007, as filed with the U.S. Securities andExchange Commission on April 18, 2008 (the "Original Filing"). 

All the revisions are located under "Item 8A(T). Controls andProcedures," in which the Company identified the framework that the managementused to evaluate the effectiveness of the Company's internal control overfinancial reporting. In addition, the Company provided management'sdetermination that the Company's internal controls over financial reporting asof December 31, 2007 were not effective. 

Pursuant to Rule 12b-15 under the Securities Exchange Act of1934, as amended (the "Exchange Act"), this Amendment No. 2 amends Item 8A(T) inits entirety and contains new certifications pursuant to Rules 13a-14 and 15d-14under the Exchange Act and Section 302 of the Sarbanes-Oxley Act of 2002. Noother information in the Original Filing is amended hereby. This amendment doesnot have any impact on our audited consolidated financial statements for thefiscal year ended December 31, 2007 or the notes thereto contained in theOriginal Filing. This Form 10-KSB/A continues to describe conditions as of thedate of the Original Filing, and accordingly, the Company has not updated thedisclosures contained herein to reflect events that occurred at a later date.

 

1
**PART II 

ITEM 8A(T) . CONTROLS AND PROCEDURES. 
*Disclosure Controls and Procedures***
We maintain disclosure controls and procedures (as defined inRule 13a-15(e) under the Exchange Act) that are designed to ensure thatinformation that would be required to be disclosed in Exchange Act reports isrecorded, processed, summarized and reported within the time period specified inthe SEC's rules and forms, and that such information is accumulated andcommunicated to our management, including to our Chief Executive Officer andChief Financial Officer, as appropriate, to allow timely decisions regardingrequired disclosure. 

As required by Rule 13a-15 under the Exchange Act, ourmanagement, including Mr. Yingsheng Li, our Chief Executive Officer and Ms.Yifang Fu, our then Chief Financial Officer, evaluated the effectiveness of thedesign and operation of our disclosure controls and procedures as of December31, 2007. Based on that evaluation, Mr. Li and Ms. Fu concluded that because ofthe significant deficiencies in internal controls over financial reportingdescribed below, our disclosure controls and procedures were not effective as ofDecember 31, 2007. 
***Internal Controls Over Financial Reporting***
Management's Annual Report on Internal Control overFinancial Reporting. 

Section 404 of the Sarbanes-Oxley Act of 2002 requires thatmanagement document and test the Company's internal control over financialreporting and include in this Annual Report on Form 10-KSB a report onmanagement's assessment of the effectiveness of our internal control overfinancial reporting. 

Our management is responsible for establishing andmaintaining adequate internal control over financial reporting, as such term isdefined in Rule 13a-15(f) of the Exchange Act. Under the supervision and withthe participation of our management, including Mr. Yingsheng Li and Ms. YifangFu, we conducted an evaluation of the effectiveness of our internal control overfinancial reporting based upon the framework in Internal Control—IntegratedFramework issued by the Committee of Sponsoring Organizations of the TreadwayCommission (COSO). Based on that evaluation, our management determined that ourinternal controls over financial reporting as of December 31, 2007 were noteffective. During our assessment, management identified the significantdeficiencies related to (i) the U.S. GAAP expertise of our internal accountingstaff, (ii) our internal audit functions and (iii) the absence of an AuditCommittee. 

Although our former CFO, Yifang Fu has sufficient knowledgeand experience in U.S. GAAP principles, our current accounting departmentresponsible for financial reporting of the Company, on a consolidated basis, isrelatively new to U.S. GAAP and the related internal control procedures requiredof U.S. public companies. Management has determined that they require additionaltraining and assistance in U.S. GAAP matters. Management has determined that ourinternal audit function is also significantly deficient due to insufficientqualified resources to perform internal audit functions. Finally, managementdetermined that the lack of an Audit Committee of the board of directors of theCompany also contributes to insufficient oversight of our accounting and auditfunctions. 

In order to correct the foregoing significant deficiencies,we have taken or are taking the following remediation measures after December31, 2007: 
-  We are in the process of arranging necessary training for our  accounting department staff;  We are in the process of engaging external professional  accounting or consultancy firms to assist us in the preparation of the US GAAP  accounts;  We have committed to the establishment of effective internal  audit functions, however, due to the scarcity of qualified candidates with  extensive experience in U.S. GAAP reporting and accounting in the region, we  were not able to hire sufficient internal audit resources before the end of  our reporting period. However, we will increase our search for qualified  candidates with assistance from recruiters and through referrals; 
2 
-  In addition, we have allocated significant financial and human  resources to strengthen the internal control structure. As part of our efforts  to comply with Section 404 of the Sarbanes-Oxley Act for fiscal year 2008, we  have been actively working with external consultants to assess our data  collection, financial reporting, and control procedures and to strengthen our  internal controls over financial reporting.  We have also launched a search for suitable candidates to serve  as our independent directors and to serve on an audit committee and other  standing committees in the near future. We expect to establish these  committees within the next 12 months. 
Webelieve that the foregoing steps will remediate the significant deficiencyidentified above, and we will continue to monitor the effectiveness of thesesteps and make any changes that our management deems appropriate. 
This annual report does not include an attestation report ofour registered public accounting firm regarding internal control over financialreporting. Management's report was not subject to attestation by our registeredpublic accounting firm pursuant to temporary rules of the Securities andExchange Commission that permit us to provide only management's report in thisannual report. 

Changes in Internal Controls over Financial Reporting. 

There were no changes in our internal controls over financialreporting during the fourth quarter of fiscal year 2007 that have materiallyaffected, or are reasonably likely to materially affect, our internal controlover financial reporting. 
**ITEM 13. EXHIBITS.**
The following exhibits are filed as part of this report orincorporated by reference: 
  Exhibit No.Description  2.1    Share Exchange Agreement by and among the Company, Media Challenge Holdings    Limited and certain shareholders thereof, dated as of December 31, 2005    [Incorporated by reference to Exhibit 2.1 to the Registration Statement of    the Company on Form 10-SB, filed with the SEC on February 14, 2006, in file    number 0-51806]  2.2    Convertible Promissory Note [Incorporated by reference to Exhibit 2.2 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]  3.1    Articles of Incorporation, as amended [Incorporated by reference to Exhibit    3.1 to the Registration Statement of the Company on Form 10-SB, filed with    the SEC on February 14, 2006, in file number 0-51806]  3.2    Amended and Restated Bylaws [Incorporated by reference to Exhibit 3.2 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]  10.1    Operation and Management Right Agreement, dated October 23, 2006, by and    between CMO and Shenzhen Media [Incorporated by reference to Exhibit 10.1 to    the Amendment No. 1 to the Registration Statement of the Company on Form    10-SB, filed with the SEC on January 3, 2007, in file number 0-51806]
3
  10.2    Amendment to Operation and Management Right Agreement, dated January 8,    2004, by and between CMO and Shenzhen Media [Incorporated by reference to    Exhibit 10.2 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.3    Description of Verbal Amendment to Operation and Management Right Agreement,    dated January 8, 2004, by and between Sale and Marketing Publishing House    and  Shenzhen Media Investment Co., Ltd. [Incorporated by reference to    Exhibit 10.3 to the Annual Report of the Company on Form 10-KSB, filed with    the SEC on April 17, 2007, in file number 0-51806]  10.4    Entrust Agreement, dated November 20, 2004, by and between Shenzhen New    Media and Shenzhen Media [Incorporated by reference to Exhibit 10.3 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]  10.5    Equity Transfer Agreement, dated October 10, 2006, by and between Zhu Yu    Tong and Shenzhen New Media. [Incorporated by reference to Exhibit 10.5 to    the Annual Report of the Company on Form 10-KSB, filed with the SEC on April    17, 2007, in file number 0-51806]  10.6    Outsourcing Agreement, dated December 30, 2006, by and between Henan Xinhua    Printing Factory and CMO. [Incorporated by reference to Exhibit 10.6 to the    Annual Report of the Company on Form 10-KSB, filed with the SEC on April 17,    2007, in file number 0-51806]  10.7    Outsourcing Agreement, dated December 30, 2006, by and between Henan Xinhua    Printing Factory and CMO. [Incorporated by reference to Exhibit 10.6 to the    Annual Report of the Company on Form 10-KSB, filed with the SEC on April 17,    2007, in file number 0-51806]  10.8    Outsourcing Agreement, dated December 16, 2006, by and between Henan    Ruiguang Printing Co., Ltd. and CMO. [Incorporated by reference to Exhibit    10.6 to the Annual Report of the Company on Form 10-KSB, filed with the SEC    on April 17, 2007, in file number 0-51806]  10.9    Employment Agreement, dated March 1, 2004, by and between Bin Li and    Shenzhen New Media [Incorporated by reference to Exhibit 10.7 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]      10.10    Employment Agreement, dated December 15, 2006, by and between Yifang Fu and    China Marketing [Incorporated by reference to Exhibit 10.8 to the Amendment    No. 1 to the Registration Statement of the Company on Form 10-SB, filed with    the SEC on January 3, 2007, in file number 0-51806]      10.11    Agreement of Share Transfer, dated March 7, 2005, by and among Yingsheng Li,    Xiaofeng Ding, Dongsheng Ren and Shenzhen New Media [Incorporated by    reference to Exhibit 10.9 to the Amendment No. 1 to the Registration    Statement of the Company on Form 10-SB, filed with the SEC on January 3,    2007, in file number 0-51806]      10.12    Agreement of Share Transfer, dated March 7, 2005, by and between CMO and    Shenzhen New Media [Incorporated by reference to Exhibit 10.10 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806] 
4 
  10.13    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Guangzhou Qiankuntai Bookstore [Incorporated by reference to    Exhibit 10.11 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.14    Distribution Agreement, dated April 3, 2006, by and between Shenzhen New    Media and Huadao Consulting Co., Ltd. [Incorporated by reference to Exhibit    10.12 to the Amendment No. 1 to the Registration Statement of the Company on    Form 10-SB, filed with the SEC on January 3, 2007, in file number 0-51806]  10.15    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Nanjing Cultural Development Co., Ltd. [Incorporated by reference    to Exhibit 10.13 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.16    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Shandong Qianyan Culture Dissemination Co., Ltd. [Incorporated by    reference to Exhibit 10.14 to the Amendment No. 1 to the Registration    Statement of the Company on Form 10-SB, filed with the SEC on January 3,    2007, in file number 0-51806]    10.17    Distribution Agreement, dated February 28, 2006, by and between Shenzhen New    Media and Changsha Youyou Reading Group [Incorporated by reference to    Exhibit 10.15 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.18    Distribution Agreement, dated February 9, 2006, by and between Shenzhen New    Media and Zhengzhou Huanghe Culture Group [Incorporated by reference to    Exhibit 10.16 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.19    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Hangzhou Tianyi Books Co., Ltd. [Incorporated by reference to    Exhibit 10.17 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.20    Operation and Management Agreement, dated December 13, 2007, by and between    Shenzhen New Media and Shanghai Longcom Telecom Co., Ltd. [Incorporated by    reference to Exhibit 10.20 to the Annual Report of the Company on Form    10-KSB, filed with the SEC on April 18, 2008, in file number 0-51806]  10.21    Termination Agreement, dated December 12, 2008, by and between Shenzhen New    Media and Shanghai Longcom Telecom Co., Ltd. [Incorporated by reference to    Exhibit 10.1 to the Current Report of the Company on Form 8-K, filed with    the SEC on December 17, 2008, in file number 0-51806]  14Code    of Ethics [Incorporated by reference to Exhibit 14 to the Amendment No. 1 to    the Registration Statement of the Company on Form 10-SB, filed with the SEC    on January 3, 2007, in file number 0-51806]
5
  21List of    Subsidiaries of the Registrant [Incorporated by reference to Exhibit 21 to    the Annual Report of the Company on Form 10-KSB, filed with the SEC on April    18, 2008, in file number 0-51806]  31*Certification of    Principal Executive Officer and Principal Financial Officer filed pursuant    to Section 302 of the Sarbanes-Oxley Act of 2002*  32*Certifications of    Principal Executive Officer and Principal Financial Officer furnished    pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of    the Sarbanes-Oxley Act of 2002*
*Filed herewith. 

6
**SIGNATURES**
In accordance with Section 13 or 15(d) of the Exchange Act, the registrantcaused this report to be signed on its behalf by the undersigned, thereunto dulyauthorized. 
   **China Marketing    Media Holdings, Inc.**    Dated: February    9, 2009By: /s/ Yingsheng    Li                              Yingsheng Li,    CEO, President and Interim CFO  
In accordance with the Exchange Act, this report has been signed below by thefollowing persons on behalf of the registrant and in the capacities and on thedates indicated. 

Each person whose signature appears below hereby authorizes Yingsheng Li asattorneys-in-fact to sign on his behalf, individually, and in each capacitystated below, and to file all amendments and/or supplements to this annualreport on Form 10-KSB. 
   **SIGNATURE****CAPACITY****DATE**   /s/Yingsheng    LiPresident, Chief    Executive Officer,February 9, 2009Yingsheng LiInterim CFO and    Chairman    /s/Bin LiExecutive    DirectorFebruary 9, 2009Bin Li     /s/Xiaofeng    DingDirectorFebruary 9, 2009Xiaofeng Ding     /s/Dongsheng    RenDirectorFebruary 9, 2009Dongsheng Ren  
7
  Exhibit No.Description  2.1    Share Exchange Agreement by and among the Company, Media Challenge Holdings    Limited and certain shareholders thereof, dated as of December 31, 2005    [Incorporated by reference to Exhibit 2.1 to the Registration Statement of    the Company on Form 10-SB, filed with the SEC on February 14, 2006, in file    number 0-51806]  2.2    Convertible Promissory Note [Incorporated by reference to Exhibit 2.2 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]  3.1    Articles of Incorporation, as amended [Incorporated by reference to Exhibit    3.1 to the Registration Statement of the Company on Form 10-SB, filed with    the SEC on February 14, 2006, in file number 0-51806]  3.2    Amended and Restated Bylaws [Incorporated by reference to Exhibit 3.2 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]  10.1    Operation and Management Right Agreement, dated October 23, 2006, by and    between CMO and Shenzhen Media [Incorporated by reference to Exhibit 10.1 to    the Amendment No. 1 to the Registration Statement of the Company on Form    10-SB, filed with the SEC on January 3, 2007, in file number 0-51806]  10.2    Amendment to Operation and Management Right Agreement, dated January 8,    2004, by and between CMO and Shenzhen Media [Incorporated by reference to    Exhibit 10.2 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.3    Description of Verbal Amendment to Operation and Management Right Agreement,    dated January 8, 2004, by and between Sale and Marketing Publishing House    and  Shenzhen Media Investment Co., Ltd. [Incorporated by reference to    Exhibit 10.3 to the Annual Report of the Company on Form 10-KSB, filed with    the SEC on April 17, 2007, in file number 0-51806]  10.4    Entrust Agreement, dated November 20, 2004, by and between Shenzhen New    Media and Shenzhen Media [Incorporated by reference to Exhibit 10.3 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]  10.5    Equity Transfer Agreement, dated October 10, 2006, by and between Zhu Yu    Tong and Shenzhen New Media. [Incorporated by reference to Exhibit 10.5 to    the Annual Report of the Company on Form 10-KSB, filed with the SEC on April    17, 2007, in file number 0-51806]  10.6    Outsourcing Agreement, dated December 30, 2006, by and between Henan Xinhua    Printing Factory and CMO. [Incorporated by reference to Exhibit 10.6 to the    Annual Report of the Company on Form 10-KSB, filed with the SEC on April 17,    2007, in file number 0-51806]
8
  10.7    Outsourcing Agreement, dated December 30, 2006, by and between Henan Xinhua    Printing Factory and CMO. [Incorporated by reference to Exhibit 10.6 to the    Annual Report of the Company on Form 10-KSB, filed with the SEC on April 17,    2007, in file number 0-51806]  10.8    Outsourcing Agreement, dated December 16, 2006, by and between Henan    Ruiguang Printing Co., Ltd. and CMO. [Incorporated by reference to Exhibit    10.6 to the Annual Report of the Company on Form 10-KSB, filed with the SEC    on April 17, 2007, in file number 0-51806]  10.9    Employment Agreement, dated March 1, 2004, by and between Bin Li and    Shenzhen New Media [Incorporated by reference to Exhibit 10.7 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]      10.10    Employment Agreement, dated December 15, 2006, by and between Yifang Fu and    China Marketing [Incorporated by reference to Exhibit 10.8 to the Amendment    No. 1 to the Registration Statement of the Company on Form 10-SB, filed with    the SEC on January 3, 2007, in file number 0-51806]      10.11    Agreement of Share Transfer, dated March 7, 2005, by and among Yingsheng Li,    Xiaofeng Ding, Dongsheng Ren and Shenzhen New Media [Incorporated by    reference to Exhibit 10.9 to the Amendment No. 1 to the Registration    Statement of the Company on Form 10-SB, filed with the SEC on January 3,    2007, in file number 0-51806]      10.12    Agreement of Share Transfer, dated March 7, 2005, by and between CMO and    Shenzhen New Media [Incorporated by reference to Exhibit 10.10 to the    Amendment No. 1 to the Registration Statement of the Company on Form 10-SB,    filed with the SEC on January 3, 2007, in file number 0-51806]   10.13    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Guangzhou Qiankuntai Bookstore [Incorporated by reference to    Exhibit 10.11 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.14    Distribution Agreement, dated April 3, 2006, by and between Shenzhen New    Media and Huadao Consulting Co., Ltd. [Incorporated by reference to Exhibit    10.12 to the Amendment No. 1 to the Registration Statement of the Company on    Form 10-SB, filed with the SEC on January 3, 2007, in file number 0-51806]  10.15    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Nanjing Cultural Development Co., Ltd. [Incorporated by reference    to Exhibit 10.13 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.16    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Shandong Qianyan Culture Dissemination Co., Ltd. [Incorporated by    reference to Exhibit 10.14 to the Amendment No. 1 to the Registration    Statement of the Company on Form 10-SB, filed with the SEC on January 3,    2007, in file number 0-51806]    10.17    Distribution Agreement, dated February 28, 2006, by and between Shenzhen New    Media and Changsha Youyou Reading Group [Incorporated by reference to    Exhibit 10.15 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]
9
  10.18    Distribution Agreement, dated February 9, 2006, by and between Shenzhen New    Media and Zhengzhou Huanghe Culture Group [Incorporated by reference to    Exhibit 10.16 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.19    Distribution Agreement, dated February 8, 2006, by and between Shenzhen New    Media and Hangzhou Tianyi Books Co., Ltd. [Incorporated by reference to    Exhibit 10.17 to the Amendment No. 1 to the Registration Statement of the    Company on Form 10-SB, filed with the SEC on January 3, 2007, in file number    0-51806]  10.20    Operation and Management Agreement, dated December 13, 2007, by and between    Shenzhen New Media and Shanghai Longcom Telecom Co., Ltd. [Incorporated by    reference to Exhibit 10.20 to the Annual Report of the Company on Form    10-KSB, filed with the SEC on April 18, 2008, in file number 0-51806]  10.21    Termination Agreement, dated December 12, 2008, by and between Shenzhen New    Media and Shanghai Longcom Telecom Co., Ltd. [Incorporated by reference to    Exhibit 10.1 to the Current Report of the Company on Form 8-K, filed with    the SEC on December 17, 2008, in file number 0-51806]  14Code    of Ethics [Incorporated by reference to Exhibit 14 to the Amendment No. 1 to    the Registration Statement of the Company on Form 10-SB, filed with the SEC    on January 3, 2007, in file number 0-51806]  21List of    Subsidiaries of the Registrant [Incorporated by reference to Exhibit 21 to    the Annual Report of the Company on Form 10-KSB, filed with the SEC on April    18, 2008, in file number 0-51806]  31*Certification of    Principal Executive Officer and Principal Financial Officer filed pursuant    to Section 302 of the Sarbanes-Oxley Act of 2002*  32*Certifications of    Principal Executive Officer and Principal Financial Officer furnished    pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of    the Sarbanes-Oxley Act of 2002*
*Filed herewith. 

10** |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|