gcn competitor in china

Nothing on ASX re P1 but take a look at one of the other companies preparing to float...looks like a possible competitor in the China market for GCN?

http://www.asx.com.au/asx/research/upcomingFloatDetail.do?asxCode=CIK

China Integrated Media are an Adelaide based company focusing on Asian Pay TV, gaming & entertainment with a view to get into IPTV....sounds pretty much like what GCN are doing?

Issue price of 20c/pos. Prospectus on the website and proposed listing TBA although have applied with ASX.


IMO competition can only be a good thing as you'd think it indicates there's a good market to get into.