The Shuman Law Firm Announces the Filing of a Class Action Lawsuit against China Century Dragon Media, Inc.

The Shuman Law Firm today announced that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired the stock of China Century Dragon Media, Inc. (“China Century” or the “Company”) (AMEX:CDM) from February 8, 2011 to March 25, 2011, inclusive.

If you wish to discuss this action or have any questions concerning this notice or your rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll-free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.

The Complaint asserts violations of the federal securities laws against China Century, its officers and directors, and certain underwriters for issuing materially false and misleading information in the Company's public offering documents.

On March 21, 2011, trading of China Century shares was halted. On March 28, 2011, China Century announced that its independent auditor, MaloneBailey LLP, resigned and had withdrawn its prior audit opinions of the company's financial statements for 2008 and 2009. MaloneBailey informed China Century that "due to discrepancies noted on customer confirmations and the auditor's inability to directly verify the company's bank records, they believe these irregularities may be an indication that the accounting records have been falsified, which would constitute an illegal act."

If you purchased China Century common stock during the Class Period, you may request that the Court appoint you as lead plaintiff of the class no later than May 31, 2011. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.

China Century Dragon Media Common Stock (AMEX:CDM)
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