AirMedia Announces Installation of 1,213 Digital Frames in 16 Airports
April 15 2008 - 9:30AM
PR Newswire (US)
BEIJING, April 15 /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 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. (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 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
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 ; FD Beijing - Julian Wilson,
+86-10-8591-1951, or Web Site: http://www.airmedia.net.cn/
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