Airmedia Group Inc. - Report of Foreign Issuer (6-K)
June 26 2008 - 6:43AM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of June 2008
Commission File Number: 000-33765
AIRMEDIA GROUP INC.
17/F, Sky Plaza,
No. 46 Dongzhimenwai Street
Dongcheng District
100027, Beijing
Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F
X
Form
40-F
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
No
X
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
N/A
AIRMEDIA GROUP INC.
Form 6-K
TABLE OF CONTENTS
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
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AIRMEDIA GROUP INC.
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By:
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/s/ Conor Chiahung Yang
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Name:
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Conor Chiahung Yang
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Title:
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Chief Financial Officer
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Date: June 26, 2008
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Exhibit 99.1
AirMedia Raises Guidance for the Second Quarter of 2008
Beijing, China June 25,
2008 AirMedia Group Inc. (Nasdaq: AMCN), the operator of the largest digital media network in China dedicated to air travel advertising, today announced that it expects its total revenues for the second quarter of 2008 to be between US$29.0
million and US$30.0 million, which represents a year-over-year increase of 242.4% to 254.2% from the same period of 2007 and a sequential increase of 34.3% to 38.9% from the first quarter of 2008. This compares to the previously announced
guidance of US$26.0 million to US$28.0 million in total revenues, representing a year-over-year increase of 207.0% to 230.6% and a sequential increase of 20.4% and 29.7%. Despite the impact of the Sichuan earthquake and the slowdown of air
passenger volume growth, AirMedia is able to raise guidance due to stronger than expected results of all products lines, especially the digital frame business.
Herman Man Guo, Chairman and Chief Executive Officer of AirMedia, commented, During the second quarter, we have expanded our digital frame network to another 16 major airports in addition to Beijing Capital International Airport. We
have now built a national digital frame network, which will continue to grasp market share from traditional media and be a solid foundation for our continued growth in the coming years. We will further expand our digital frame network to about 20
major airports in total to further strengthen our leading market position as a digital frame operator in the air travel advertising sector.
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 TV-attached digital frames, ranging from 46 to 50 inches, and large-size stand-alone 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 AirMedias 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; AirMedias limited operating history makes it difficult to evaluate our future prospects and results of
operations; and other risks outlined in AirMedias 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.
Investor Contact:
Raymond Huang
Investor Relations Director
Tel:
+86-10-8460-8678
Email: ir@airmedia.net.cn
FD Beijing
Julian Wilson
Tel: +86-10-8591-1951
Email: julian.wilson@fd.com
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