AirMedia Ranked Number Six in Deloitte Technology Fast 50 China 2008 Program
November 04 2008 - 9:15AM
PR Newswire (US)
Award Recognizes China's Fastest Growing Technology Companies
BEIJING, Nov. 4 /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 ranked Number 6 in the Deloitte Technology
Fast 50 China 2008 program, which recognizes the fastest growing
companies in China. Deloitte Technology Fast 50 China program is an
annual award program that ranks technology, media, and
telecommunications companies located in Mainland China and Hong
Kong. According to Deloitte, winners are selected based on their
average revenue growth rates over the last three years.
Participants in the Deloitte Technology Fast 50 China program will
automatically qualify for participation in the Deloitte Technology
Fast 500 Asia Pacific 2008 program, which annually recognizes the
500 fastest growing technology companies in Asia Pacific. "We are
honored to receive this prominent award recognizing AirMedia as one
of the fastest growing companies in the region. Over the past
several years, AirMedia has successfully brought digital media in
the air travel sector into the mainstream of China's advertising
industry, resulting in outstanding revenue growth," said Herman Man
Guo, Chairman and Chief Executive Officer of AirMedia. "AirMedia
remains well positioned for exceptional growth due to our broad
product offerings targeting desirable advertising demographic group
in China, high-quality content valued by our partner airports and
airlines, as well as our strong sales network," added Mr. Guo.
"Looking ahead, innovative offerings such as our recently launched
digital frames in 19 airports in China, which have already seen
strong customer acceptance, will help AirMedia maintain a steady
growth track." About Deloitte Deloitte provides audit, tax,
consulting, and financial advisory services to public and private
clients spanning multiple industries. With a globally connected
network of member firms in 140 countries, Deloitte brings
world-class capabilities and deep local expertise to help clients
succeed wherever they operate. Deloitte's 165,000 professionals are
committed to becoming the standard of excellence. Deloitte's
professionals are unified by a collaborative culture that fosters
integrity, outstanding value to markets and clients, commitment to
each other, and strength from cultural diversity. They enjoy an
environment of continuous learning, challenging experiences, and
enriching career opportunities. Deloitte's professionals are
dedicated to strengthening corporate responsibility, building
public trust, and making a positive impact in their communities.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, and its network of member firms, each of which is a legally
separate and independent entity. Please see
http://www.deloitte.com/cn/en/about for a detailed description of
the legal structure of Deloitte Touche Tohmatsu and its member
firms. 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 all of the
30 largest airports in China. AirMedia also has contractual
concession rights to operate TV-attached digital frames ranging
from 46 to 52 inches and stand-alone digital frames ranging from 63
to 82 inches in 19 major airports. In addition, AirMedia has
contractual concession rights to place its programs on the routes
operated by 9 airlines, including the three largest airlines in
China, and the exclusive rights in mainland China to sell
advertisements on Cathay Pacific Airline and Dragonair's routes.
AirMedia also offers advertisers other media platforms in airports,
such as 360-degree LED displays, mega display screens, shuttle bus
displays and billboards on gate bridges. For more information about
AirMedia, please visit http://www.airmedia.net.cn/ . For more
information, please contact: Investor Contact: Raymond Huang
Investor Relations Director Tel: +86-10-8460-8678 Email:
DATASOURCE: AirMedia Group Inc. CONTACT: Investor Contact: Raymond
Huang, Investor Relations Director, +86-10-8460-8678, or Web Site:
http://www.airmedia.net.cn/ http://www.deloitte.com/cn/en/about
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