China Digital Group Chooses East West Bancorp
HOLLYWOOD, Calif.--(BUSINESS WIRE)--Sept. 11, 2000--China Digital Group ("CDG"), the parent company of "Online Window on the World"
("oWOW"), today announced the engagement of East West Bancorp Inc. (Nasdaq:EWBC) as CDG's Merchant Banker.
In this capacity, East West Bancorp will act as a financial advisor to assist CDG in the development of strategic growth, including the identification of potential mergers and acquisitions and capitalization sources.
Commenting on the engagement of East West Bancorp, Ed Borray, chief executive officer of CDG, said, "We are enthused to be working with East West and will look to them for guidance as we enter into an exciting phase of growth and expansion of the oWOW digital networks. Plans are underway to increase our market position in mainland China and in the 100-million-strong overseas Chinese market."
East West's solid reputation as an expert in serving Chinese markets makes them an ideal partner to help CDG emerge as a leader in the burgeoning Chinese New Media sector.
Kelvin Lee, director of Merchant Banking of East West Bancorp, said, "We are very pleased to have CDG as our client and to support their global expansion efforts. Among the many resources available to CDG is our in-depth understanding of Chinese business culture and corporate practices and our extensive contacts throughout the Pacific Rim. We look forward to helping CDG become a leader in their field."
About CDG
China Digital Group ("CDG"), the parent company of the global "Online Window on the World" ("oWOW") Internet model, is a New Media company based in Los Angeles. CDG is focused on building the oWOW concept, its integrated design, content, technology, and e-commerce platform and replicating it in different countries throughout the world on a franchise/partner basis.
The core focus of the oWOW site is international popular culture, entertainment and "edutainment" with a substantial emphasis on Western, and particularly American culture. For more information, visit the company on the Internet at www.owowusa.com. |
