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

BEIJING, April 1 /PRNewswire-Asia-FirstCall/ -- AirMedia Group Inc. (NASDAQ:AMCN), operator of the largest digital media network in China dedicated to air travel advertising, today announced that it recently obtained the contractual concession rights to install and operate three mega-size LED screens, each measuring 80.2 square meters (or 863.27 square feet) in Guangzhou Baiyun International Airport, from June 1, 2009 to December 31, 2015. The LED screens will be installed above all the domestic security check areas to best cover the Airport's domestic travelers. Guangzhou Airport, which handled 33.4 million air passengers in 2008, was rated the second largest airport in mainland China in terms of the number of air passengers. "We are excited to obtain these concession rights in Guangzhou Baiyun International Airport for over six and half years," commented Herman Guo, chairman and chief executive officer of AirMedia. "Following the signing of our new concession rights in the Beijing and Shenzhen airports in early March, this long-term concession rights contract in Guangzhou Airport further strengthens AirMedia's leading position in China's top airports. Looking forward, we will continue to pursue opportunities arising from the economic downturn to further expand our media resources in the top airports, especially in Beijing, Guangzhou, Shanghai and Shenzhen." Please visit http://www.airmedia.net.cn/led.htm to view the demonstration of visual effects of the mega-size LED screens. 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 22 major airports. In addition, AirMedia has contractual concession rights to place its programs on the routes operated by 10 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. In select major airports, AirMedia also operates traditional media platforms, such as billboards, light boxes, and mega display screens. 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 our customers reduce their advertising spending due to an economic downturn in China and/or elsewhere or for any other reason, our revenues and results of operations may be materially and adversely affected; 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: Investor Contact: Raymond Huang Investor Relations Director AirMedia Group, Inc. Tel: +86-10-8460-8678 Email: Cynthia He Brunswick Group Tel: +86-10-6566-2256 Email: DATASOURCE: AirMedia Group Inc. CONTACT: Investor Contact: Raymond Huang, Investor Relations Director of AirMedia Group, Inc., +86-10-8460-8678, or ; Cynthia He of Brunswick Group, +86-10-6566-2256, Web Site: http://www.airmedia.net.cn/ http://www.airmedia.net.cn/led.htm

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