BEIJING, Dec. 23, 2015 /PRNewswire/ -- VisionChina Media
Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN),
China's largest out-of-home
digital television advertising network on mass transportation
systems and the leading provider of urban mass transit Wi-Fi, today
announced that it has deployed 3,000 on-bus Wi-Fi hotspots in
Hangzhou City, the provincial
capital of Zhejiang. Currently,
the Company provides free Wi-Fi Internet services on over 30,000
buses under the brand name "VIFI," with approximately 10 million
registered users.
With free on-bus Wi-Fi services, commuters are able to access
content provided by the VIFI platform, including news, music, video
and App downloading, as well as web browsing and communication
capabilities via social media platforms including WeChat, Weibo and
QQ. VIFI enables up to 60 users on each bus to surf the Internet at
the same time with a fast downloading speed and smooth Internet
experience.
Mr. Limin Li, VisionChina Media's
Chairman and Chief Executive Officer, commented, "We are pleased to
announce the recent implementation of our Wi-Fi services in
Hangzhou City, which further
strengthens our leading position in China's urban mass transit Wi-Fi market and
demonstrates our ability to deliver targeted content and an
exceptional user experience. We intend to continue to deploy on-bus
Wi-Fi hotspots in more provincial capitals and other major cities
across China."
About VisionChina Media Inc.
VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home
advertising network on mass transportation systems, including buses
and subways. As of September 30,
2015, VisionChina Media's advertising network included
approximately 97,757 digital television displays on mass
transportation systems in 18 of China's economically prosperous cities,
including Beijing, Guangzhou and Shenzhen, as secured by exclusive agency
agreements or joint venture contract. VisionChina Media has the
ability to deliver real-time, location-specific broadcasting,
including news, stock quotes, weather and traffic reports, and
other entertainment programming. For more information, please visit
http://www.visionchina.cn.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates" and similar statements.
Among other things, the quotations from management in this press
release contain forward-looking statements. Such statements involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
Further information regarding these and other risks is included in
the Company's filings with the U.S. Securities and Exchange
Commission, including its registration statement on Form F-1 and
its annual report on Form 20-F. The Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
For investor and media inquiries, please contact:
In China:
Ms.
Shuning Yi
Investor Relations Department
VisionChina Media Inc.
Tel: +86-134-2090-9426
E-mail: shuning.yi@visionchina.cn
In the United
States:
The Piacente Group, Inc.
Mr. Don Markley
Tel: +1-212-481-2050
E-mail: visionchina@tpg-ir.com
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SOURCE VisionChina Media Inc.