AMCN Airmedia Grp. ADS, Each Representing Two Ordinary Shares (MM)

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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