Bushroda
SENIOR MEMBER
- Joined
- Apr 13, 2007
- Messages
- 1,880
- Reaction score
- 0
CineMaya Media Group Expands US Operations in California
Wed, 25 Jul 2007 12:31:28 GMT
CineMaya Media Group, Inc.
NEW YORK, NY -- 07/25/07 -- CinéMaya Media Group, Inc. (PINKSHEETS: CNMY), a leading media, entertainment and marketing services company focused on India and the Indian Diaspora throughout the world, announced today it is now expanding its business operations with a new office in the West Coast of the United States as the company has recently experienced a healthy increase in advertising and subscription revenue from this market. Incidentally, California, as a state, is also home to the largest concentration of Indian Americans in the US.
The company has appointed Mr. Neeraj Dhar, formerly Vice President of India Business Development and Operations, as the new West Coast Business Head. Mr. Dhar will manage the West Coast business of the company's publication, advertising, and events divisions from the new corporate office based in the San Francisco Bay Area.
"It is no secret that the Indian community has been enormously successful in the US, and a big part of this success has originated from Silicon Valley, California. CineMaya Media Group is now looking for an expanded presence in the California market, primarily through ad-sales and distribution for our publications: The Indian Express North American Edition and Divya Bhaskar North American Edition; marketing services division -- Elephant Advertising; and events management division -- CineMaya, LLC. This expansion will allow us to grow our multi-platform business in a robust hub of the Indian American community. We are very excited that Neeraj Dhar, who has been a key member of our team for several years, will now lead the efforts to expand the business in California," said Nayan Padrai, President of CineMaya Media Group.
Here are some key statistics to consider about the Indian population in America and the West Coast
-- Between 1990 and 2000, the Indian population in the US grew 113% -- 10
times the national average of 13%. Source: US Census Bureau
-- Approximately 2.3 million Indian Americans live in the US as of 2005.
Source: US Census Bureau
-- According to the US Census' American Community Survey, 2005,
California is home to over 450,000 Indian Americans, the largest
concentration of any state in the nation.
-- Today, Indian Americans are the second largest Asian American ethnic
group following the Chinese American community.
-- One in every nine Indians in the US is a millionaire, comprising 10%
of US millionaires. Source: 2003 Merrill Lynch SA Market Study
-- The Indian community in Northern California is a vital driver of the
technology industry. A University of California, Berkeley, study reported
that one-third of the engineers in Silicon Valley are of Indian descent,
while 7% of valley hi-tech firms are led by Indian CEOs. Source: Silicon
India Readership Survey
-- Indians own 50% of all economy lodges and 35% of all hotels in the US,
which have a combined market value of almost $40 billion. Source: Little
India Magazine
-- Indians, along with other Asians, have the highest educational
qualifications of all ethnic groups in the US. Almost 67% of all Indians
have a bachelor's or higher degree (compared to 28% nationally). Almost 40%
of all Indians have a master's, doctorate or other professional degree,
which is five times the national average. Source: The Indian American
Centre for Political Awareness.
About CineMaya Media Group:
CinéMaya Media Group (PINKSHEETS: CNMY) is a leading provider of high quality international South Asian media, entertainment, and marketing services. Established in 2000 as a vertically integrated company, CinéMaya Media Group has since grown into a mini-conglomerate in the ethnic media landscape through its robust businesses within the following areas: Publication, Broadcast Television, Radio, Film & Television Production, Events, and Advertising.
To obtain more information about CinéMaya Media Group, visit www.cinemayamedia.com. Group business sites include: www.elephantadv.com, www.iexpressusa.com, www.divyabhaskarusa.com.
Safe Harbor Statement:
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not of historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with Pink Sheets.
Wed, 25 Jul 2007 12:31:28 GMT
CineMaya Media Group, Inc.
NEW YORK, NY -- 07/25/07 -- CinéMaya Media Group, Inc. (PINKSHEETS: CNMY), a leading media, entertainment and marketing services company focused on India and the Indian Diaspora throughout the world, announced today it is now expanding its business operations with a new office in the West Coast of the United States as the company has recently experienced a healthy increase in advertising and subscription revenue from this market. Incidentally, California, as a state, is also home to the largest concentration of Indian Americans in the US.
The company has appointed Mr. Neeraj Dhar, formerly Vice President of India Business Development and Operations, as the new West Coast Business Head. Mr. Dhar will manage the West Coast business of the company's publication, advertising, and events divisions from the new corporate office based in the San Francisco Bay Area.
"It is no secret that the Indian community has been enormously successful in the US, and a big part of this success has originated from Silicon Valley, California. CineMaya Media Group is now looking for an expanded presence in the California market, primarily through ad-sales and distribution for our publications: The Indian Express North American Edition and Divya Bhaskar North American Edition; marketing services division -- Elephant Advertising; and events management division -- CineMaya, LLC. This expansion will allow us to grow our multi-platform business in a robust hub of the Indian American community. We are very excited that Neeraj Dhar, who has been a key member of our team for several years, will now lead the efforts to expand the business in California," said Nayan Padrai, President of CineMaya Media Group.
Here are some key statistics to consider about the Indian population in America and the West Coast
-- Between 1990 and 2000, the Indian population in the US grew 113% -- 10
times the national average of 13%. Source: US Census Bureau
-- Approximately 2.3 million Indian Americans live in the US as of 2005.
Source: US Census Bureau
-- According to the US Census' American Community Survey, 2005,
California is home to over 450,000 Indian Americans, the largest
concentration of any state in the nation.
-- Today, Indian Americans are the second largest Asian American ethnic
group following the Chinese American community.
-- One in every nine Indians in the US is a millionaire, comprising 10%
of US millionaires. Source: 2003 Merrill Lynch SA Market Study
-- The Indian community in Northern California is a vital driver of the
technology industry. A University of California, Berkeley, study reported
that one-third of the engineers in Silicon Valley are of Indian descent,
while 7% of valley hi-tech firms are led by Indian CEOs. Source: Silicon
India Readership Survey
-- Indians own 50% of all economy lodges and 35% of all hotels in the US,
which have a combined market value of almost $40 billion. Source: Little
India Magazine
-- Indians, along with other Asians, have the highest educational
qualifications of all ethnic groups in the US. Almost 67% of all Indians
have a bachelor's or higher degree (compared to 28% nationally). Almost 40%
of all Indians have a master's, doctorate or other professional degree,
which is five times the national average. Source: The Indian American
Centre for Political Awareness.
About CineMaya Media Group:
CinéMaya Media Group (PINKSHEETS: CNMY) is a leading provider of high quality international South Asian media, entertainment, and marketing services. Established in 2000 as a vertically integrated company, CinéMaya Media Group has since grown into a mini-conglomerate in the ethnic media landscape through its robust businesses within the following areas: Publication, Broadcast Television, Radio, Film & Television Production, Events, and Advertising.
To obtain more information about CinéMaya Media Group, visit www.cinemayamedia.com. Group business sites include: www.elephantadv.com, www.iexpressusa.com, www.divyabhaskarusa.com.
Safe Harbor Statement:
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not of historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with Pink Sheets.