<SEC-DOCUMENT>0001309014-12-000382.txt : 20120601
<SEC-HEADER>0001309014-12-000382.hdr.sgml : 20120601
<ACCEPTANCE-DATETIME>20120601065605
ACCESSION NUMBER:		0001309014-12-000382
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120531
FILED AS OF DATE:		20120601
DATE AS OF CHANGE:		20120601

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Searchmedia Holdings Ltd
		CENTRAL INDEX KEY:			0001460329
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-158336
		FILM NUMBER:		12881799

	BUSINESS ADDRESS:	
		STREET 1:		1990 S. BUNDY BLVD.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		310-694-8150

	MAIL ADDRESS:	
		STREET 1:		1990 S. BUNDY BLVD.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ID ARIZONA CORP.
		DATE OF NAME CHANGE:	20090330
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<TYPE>6-K
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<FILENAME>htm_6835.htm
<DESCRIPTION>LIVE FILING
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SearchMedia Holdings Limited&nbsp;-&nbsp;Form&nbsp;6-K
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UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
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<FONT SIZE="+2" FACE="Arial"><B>FORM 6-K</B></FONT><BR>

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REPORT OF FOREIGN PRIVATE ISSUER<BR>PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934
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May 31, 2012
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Commission File Number: 001-33800
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	<FONT SIZE="+2"><B>SearchMedia Holdings Limited</B></FONT><BR>
	<FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT>
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	<FONT SIZE="-1">(Translation of registrant&#146;s name into English)</FONT>
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	&nbsp;
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<TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT FACE="Courier" SIZE="+0">Cayman Islands</FONT><BR><FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></TD></TR><TR><TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT SIZE="-1">(Jurisdiction of incorporation or organization)</FONT></TD></TR><TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">&nbsp;</TD></TR>
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      <FONT FACE="Courier" SIZE="+0">K-Wah Center #38-03,<br>1010 Middle Huaihai Road, Shanghai, China, 200031<br><br></FONT>
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        <FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT><BR>
	    <FONT SIZE="-1">(Address of principal executive office)</FONT>
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	&nbsp;
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	Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Form 40-F
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        &nbsp;
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        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
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        &nbsp;
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        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
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        Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;No
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        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;&nbsp;&nbsp;<FONT FACE="Courier"><U>&nbsp;n/a&nbsp;</U></FONT>
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<PRE>
SearchMedia Holdings Limited issued a press release on May 31, 2012 regarding a
final settlement of its arbitration and a management change.  The press release
is attached here as Exhibit 99.1.

This Form 6-K is being incorporated by reference into the Registrant's Form F-3
Registration Statement File No. 333-176634.
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<B>SIGNATURES</B>
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       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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       &nbsp;
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       &nbsp;
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    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       SearchMedia Holdings Limited
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       &nbsp;
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       Date: June 1, 2012
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       By:
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       Peter W.H. Tan<BR><HR WIDTH="30%" NOSHADE>
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       &nbsp;
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       Name:&nbsp;
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       Peter W.H. Tan
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       Title:
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       Chief Executive Officer
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       &nbsp;
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EXHIBIT&nbsp;INDEX
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      <FONT SIZE="-1"><B>Description</B></FONT>
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      <FONT SIZE="-1">99.1<FONT>
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       &nbsp;
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      <FONT SIZE="2">Press Release Issued May 31, 2012</FONT>
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<TYPE>EX-99.1
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Exhibit&nbsp;&nbsp;EX-99.1
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 10pt"><B>Exhibit&nbsp;99.1</B>
</FONT>

<P align="center" style="font-size: 10pt"><FONT style="font-size: 14pt"><B>SearchMedia Announces<BR>
Final Settlement on Arbitration; Management Change</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 10pt">Shanghai, China, May&nbsp;31, 2012 &#151; SearchMedia Holdings Limited (&#147;SearchMedia&#148; or the &#147;Company&#148;)
(NYSE Amex: IDI, IDI.WS), one of China&#146;s leading nationwide multi-platform media companies, today
announced that it reached a final settlement agreement of the arbitration between the Company and
its predecessor shareholders and announced the appointment of Peter Chan as Interim Chief Financial
Officer.
</FONT>

<P align="left" style="font-size: 10pt">As disclosed in previous announcements, final settlements had been reached with China Seed
Ventures, LP, Qinying Liu and Le Yang, and a conditional settlement had been reached with Deutsche
Bank AG Hong Kong Branch (&#147;Deutsche Bank&#148;), while an arbitration claim had been continuing against
Sun Hing Associates Ltd. and Vervain Equity Investments Limited (the &#147;Nan Fung Group&#148;).
SearchMedia has now reached final settlements with both Deutsche Bank and the Nan Fung Group and
the arbitration proceeding will be dismissed. In addition, SearchMedia previously reached a final
agreement with Linden Ventures II BVI Ltd., a pre-merger investor, in which SearchMedia repurchased
all of their outstanding shares.


<P align="left" style="font-size: 10pt">Following the definitive settlements, an aggregate of 2,471,968 shares have been repurchased by the
Company at an average price per share of $0.25, (ii)&nbsp;2,029,700 shares will be surrendered and
cancelled without consideration, and (iii)&nbsp;1,624,993 warrants will be surrendered and cancelled
without consideration. Following the retiring of all of the shares, the Company&#146;s basic shares
outstanding will be reduced to 18.2&nbsp;million, including 1.8&nbsp;million shares recently issued or to be
issued to subsidiaries of the Company as part of resolving earnout obligations. As part of the
final settlement, the Nan Fung Group will retain all of their shares and agreed to make an
investment in the Company&#146;s next capital raise subject to certain conditions.


<P align="left" style="font-size: 10pt">The Nan Fung Group is a privately held group of companies and business interests controlled by Mr.
Chen Din Hwa that carries on business under the trade name of &#147;Nan Fung&#148;, which is principally
engaged in the business of property development, property investment, construction, property
management, investment and financing.


<P align="left" style="font-size: 10pt"><B>Appointment of Peter Chan</B>


<P align="left" style="font-size: 10pt">Mr.&nbsp;Chan brings to SearchMedia over fifteen years of auditing and financial management experience.
Previous to SearchMedia, Mr.&nbsp;Chan held various positions for eight years with Cargill Investments
Ltd., including most recently as North China Regional Controller for Cargill Animal Nutritions,
where Mr.&nbsp;Chan supervised a staff of 80 finance professionals. Mr.&nbsp;Chan has extensive experience
in financial oversight with US and local GAAP, implementing operational efficiencies, risk
management and corporate acquisitions. Mr.&nbsp;Chan is a U.K. Chartered Accountant and possesses an
undergraduate degree from the University of Manchester. Mr.&nbsp;Chan replaces Wilfred Chow as Chief
Financial Officer effective immediately. Mr.&nbsp;Chow left SearchMedia to pursue other business
interests.


<P align="left" style="font-size: 10pt">Mr.&nbsp;Peter Tan, Chief Executive Officer of SearchMedia, commented, &#147;We are happy to reach this final
settlement of the arbitration and we are pleased by Nan Fung&#146;s interest in providing additional
financing to us in the future. The final settlement resolves a long standing historical issue,
which will also allow us to eliminate a significant amount of legal expense going forward. We are
also excited to add Peter Chan to our senior management team and I believe Peter will be a great
factor in the Company&#146;s growth initiatives this year. On behalf of the Company&#146;s management and
Board of Directors, I would also like to thank Wilfred Chow for his contribution to SearchMedia
over the last two years.&#148;


<P align="left" style="font-size: 10pt"><B>About SearchMedia</B>


<P align="left" style="font-size: 10pt">SearchMedia is a leading nationwide multi-platform media company and one of the largest operators
of integrated outdoor billboard and in-elevator advertising networks in China. SearchMedia operates
a network of high-impact billboards and one of China&#146;s largest networks of in-elevator
advertisement panels in 50 cities throughout China. SearchMedia&#146;s core outdoor billboard and
in-elevator platforms are complemented by its transit advertising platform, which together enable
it to provide multi-platform, &#147;one-stop shop&#148; services for its local, national and international
advertising clients.


<P align="left" style="font-size: 10pt"><B>Forward-Looking Statements</B>


<P align="left" style="font-size: 10pt"><FONT style="font-size: 9pt">Any statements contained in this press release that do not describe historical facts, including
statements about SearchMedia&#146;s beliefs and expectations, may constitute forward-looking statements
as that term is defined by the United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology such as &#147;will,&#148; &#147;expect,&#148;
&#147;anticipate,&#148; &#147;future,&#148; &#147;intend,&#148; &#147;plan,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;confident&#148; and similar
statements. Any forward-looking statements contained herein are based on current expectations, but
are subject to a number of risks and uncertainties that may cause actual results to differ
materially from expectations. A number of important factors could cause actual results to differ
materially from those contained in any forward-looking statement. Potential risks and uncertainties
include, but are not limited to, whether Nan Fung will make an investment in the next capital
raise; whether Mr.&nbsp;Chan will be a factor in the Company&#146;s growth initiatives; and the risks that
there are uncertainties and matters beyond the control of management, and other risks outlined in
the Company&#146;s filings with the U.S. Securities and Exchange Commission. SearchMedia cautions
readers not to place undue reliance upon any forward-looking statements, which speak only as of the
date made. SearchMedia does not undertake or accept any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statement to reflect any change in the
Company&#146;s expectations or any change in events, conditions or circumstances on which any such
statement is based.
</FONT>

<P align="left" style="font-size: 9pt">For more information, please contact:


<P align="left" style="font-size: 9pt">SearchMedia Holdings Limited
<BR>
Paul Conway, 0118613918844646
<BR>
<U>ir@searchmediaholdings.com</U>



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