SinoBiomed Inc. Announces Memorandum of Understanding to Acquire the Assets of i-Media Asia

HONG KONG, Sept. 14, 2010 (GLOBE NEWSWIRE) -- The Board of Directors of Sinobiomed, Inc. ("Sinobiomed", or "the Company") (Pink Sheets:SOBM) is pleased to announce the memorandum of understanding ("MOU") to acquire the assets of i-Media Asia.