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AirMedia Announces Installation of 1,213 Digital Frames in 16 Airports
Apr 15, 2008 (08:04 AM EDT)
BEIJING, April 15 /Xinhua-PRNewswire-FirstCall/ -- AirMedia Group Inc. , the operator of the largest digital media network in China dedicated to air travel advertising, today announced that by April 12, 2008, it had installed 1,213 digital frames in 16 airports across China.
AirMedia upgraded from light boxes or newly installed 889 digital frames, ranging from 46 to 50 inches, in 11 airports located in Beijing, Shenzhen, Chengdu, Hangzhou, Xi'an, Wuhan, Nanjing, Zhengzhou, Jinan, Hefei and Yantai. AirMedia also installed 324 large-size digital frames, ranging from 63 to 70 inches, in 9 airports located in Beijing, Shenzhen, Kunming, Chongqing, Changsha, Haikou, Zhengzhou, Ningbo and Hefei. AirMedia has been operating digital frames in Beijing Capital International Airport since December 2007 and will start to operate digital frames installed in other airports in April 2008.
''The digital frame installation is ahead of the schedule that we disclosed during our fourth quarter 2007 earnings conference call, which demonstrates our strong execution capability. Our operations team successfully delivered on our commitments,'' commented Herman Man Guo, Chairman and Chief Executive Officer of AirMedia. ''We will continue to expand our digital frame network and expect to have over 2,000 digital frames in over 20 airports by the end of the second quarter this year. At that time we will have a national digital frame network and a leading market position as a digital frame operator in the air travel advertising sector, which will be the solid foundation for our continued growth in the coming years.''
About AirMedia Group Inc.
AirMedia Group Inc. http://www.airmedia.net.cn operates the largest digital media network in China dedicated to air travel advertising. AirMedia has contractual concession rights to operate digital TV screens in 53 airports, including 29 out of the 30 largest airports in China, and has contractual concession rights to place its programs on the routes operated by 9 airlines, including the three largest airlines in China. In addition, AirMedia also has contractual concession rights to operate digital frames of 46 to 50 inches and large-size digital frames ranging from 63 to 70 inches in several major airports. AirMedia also offers advertisers other media platforms in airports, such as 360-degree LED displays, mega display screens, and shuttle bus displays etc. For more information about AirMedia, please visit .
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "may," "would," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "confident" and similar statements. Among other things, the quotations from management in this announcement, as well as AirMedia Group Inc.'s strategic and operational plans, contain forward-looking statements. AirMedia may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AirMedia's beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. 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, if advertisers or the viewing public do not accept, or lose interest in, our air travel digital media network, we may be unable to generate sufficient cash flow from our operating activities and our prospects and results of operations could be negatively affected; we derive substantially all of our revenues from the provision of air travel advertising services, and if there is a downturn in the air travel advertising industry, we may not be able to diversify our revenue sources; if we are unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow us to place or operate the digital TV screens in airports or on airplanes, we may be unable to maintain or expand our network coverage and our business and prospects may be harmed; a substantial majority of our revenues are currently concentrated in the five largest airports and three largest airlines in China, and if any of these airports or airlines experiences a material business disruption, our ability to generate revenues and our results of operations would be materially and adversely affected; AirMedia's limited operating history makes it difficult to evaluate our future prospects and results of operations; and other risks outlined in AirMedia's filings with the U.S. Securities and Exchange Commission. AirMedia does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please contact: Raymond Huang Investor Relations Director Tel: +86-10-8460-8678 Email: firstname.lastname@example.org FD Beijing Julian Wilson Tel: +86-10-8591-1951 Email: email@example.com
CONTACT: Raymond Huang, Investor Relations Director, +86-10-8460-8678, or firstname.lastname@example.org; FD Beijing - Julian Wilson, +86-10-8591-1951, or
Web site: http://www.airmedia.net.cn/