AirMedia Announces Installation of Digital Frames at Beijing Capital International Airport
January 02 2008 - 8:00AM
PR Newswire (US)
BEIJING, Jan. 2 /Xinhua-PRNewswire-FirstCall/ -- AirMedia Group
Inc. (NASDAQ:AMCN), the operator of the largest digital media
network in China dedicated to air travel advertising, today
announced that it has completed the installation of digital frames
at Terminals 2 and 3 of Beijing Capital International Airport.
Digital frames are high-definition LCD screens that can change
displayed pictures expeditiously. AirMedia upgraded 90 light box
displays to 46-inch digital frames at Terminal 2 of Beijing Capital
International Airport and has begun placing clients' advertisements
on these frames since the beginning of December 2007. As of
December 31, 2007, the Company had installed 328 46-inch digital
frames and 120 70-inch digital frames at Terminal 3 of Beijing
Capital International Airport. The new digital frames at Terminal 3
will begin displaying paid advertisements when Terminal 3 is open
for testing at the end of February 2008. According to Beijing
Capital International Airport, it is expected to become one of the
world's top five busiest airports and will have more than 64
million passenger departures and arrivals by the end of 2008. Newly
constructed Terminal 3, which is scheduled to open for testing at
the end of February 2008, is a centerpiece infrastructure project
for the 2008 Summer Olympic Games. "I am very pleased that the
installation has been completed as scheduled, which demonstrates
again the superior execution ability of our team," commented Herman
Man Guo, Chairman and Chief Executive Officer of AirMedia. "As our
digital frames are placed at both sides of all 60 boarding gates at
Terminal 3, and other prime locations with high air passenger
traffic, we believe these new digital frames may optimize the
effective reach of our clients' advertisements, making them a very
attractive advertising platform. We will continue to expand the
number of digital frames in other airports of our network." In
addition, AirMedia also installed 328 digital TV screens at
Terminal 3 which increased AirMedia's total number of digital TV
screens in Beijing Capital International Airport to over 420. About
AirMedia Group Inc. AirMedia Group Inc. (NASDAQ:AMCN) operates the
largest digital media network in China dedicated to air travel
advertising. AirMedia has contractual concession rights to operate
digital TV screens in 52 airports, including 28 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. AirMedia also offers
advertisers other media platforms in airports, such as digital
frames, light box displays, 360-degree LED displays and 3D
displays. For more information about AirMedia, please visit
http://www.airmedia.net.cn/ . 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: FD Beijing
Julian Wilson Tel: +86-10-8591-1951 Email: DATASOURCE: AirMedia
Group Inc. CONTACT: Raymond Huang, Investor Relations Director,
+86-10-8460-8678, or ; or FD Beijing - Julian Wilson,
+86-10-8591-1951, or , for AirMedia Group Inc. Web Site:
http://www.airmedia.net.cn/
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