AirMedia Group Inc. Appoints Ken Zijian Zeng as Executive President
January 03 2008 - 8:00AM
PR Newswire (US)
BEIJING, Jan. 3 /Xinhua-PRNewswire-FirstCall/ -- AirMedia Group
Inc. ("AirMedia") (NASDAQ:AMCN), the operator of the largest
digital media network in China dedicated to air travel advertising,
today announced the appointment of Ken Zijian Zeng as Executive
President of AirMedia Group Inc. Ken Zijian Zeng will start to work
in January 2008. 'Ken is a pioneer of air travel advertising and
one of the most reputable people in the industry. He has extensive
experience in channel development, advertisement sales, operation
and management. We're really excited to have him coming on board,'
remarked Herman Man Guo, Chairman and Chief Executive Officer of
AirMedia. 'I am thrilled to be joining AirMedia at this exciting
stage in the company's development,' commented Ken Zijian Zeng.
'AirMedia's recent initial public offering positions us well to
consolidate the fragmented market of traditional advertising
formats in the air travel advertising industry. I look forward to
contributing to AirMedia's continuing growth.' Herman Man Guo
further commented, "2008 is an important year for our growth. Ken's
joining will further strengthen our relationship with our partners
and enlarge our customer base. I look forward to working with Ken
and the rest of the management team to continue to deliver
sustainable growth and achieve our mission of becoming one-stop
service provider in the air travel advertising industry." About Ken
Zijian Zeng Prior to AirMedia Group Inc., Ken Zijian Zeng served as
General Manager of Asiaray Media Group, an out-of-home advertising
company with operation in approximately 30 airports in China.
Joining Asiaray in May 1999, he oversaw the overall operation and
management and expanded the business from approximately 6 airports
to 30 airports. Prior to Asiaray, Mr. Zeng ran his own business of
international trade between Australia and China from 1994 to 1998.
Prior to that, Mr. Zeng worked as a programmer at Industrial and
Commercial Bank of China from 1990 to 1997. Mr. Zeng received a
bachelor's degree in computer science from University of Technology
Sydney and another bachelor's degree in automatic control from Sun
Yat-sen University in China. 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,' '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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