AirMedia Announces Results of 2009 Annual General Meeting
December 09 2009 - 7:00AM
PR Newswire (US)
BEIJING, Dec. 9 /PRNewswire-Asia-FirstCall/ -- AirMedia Group Inc.
(NASDAQ:AMCN), a leading operator of out-of-home advertising
platforms in China targeting mid-to-high-end consumers, today
announced that its 2009 annual general meeting of shareholders was
held on December 9, 2009. During the meeting, all of the proposals
submitted for shareholder's approval were approved. Specifically,
the shareholders adopted resolutions with respect to: 1. An
amendment to the Company's 2007 Share Incentive Plan, to increase
the maximum aggregate number of shares issuable under the plan from
12 million shares to 17 million shares; 2. The adoption of an
Amended and Restated Memorandum and Articles of Association,
primarily for the purposes of allowing the Company's board of
directors to authorize future share repurchases; 3. The approval
and ratification of the Company's share repurchase program
previously approved by the board of directors of the Company on
December 29, 2008. About AirMedia Group Inc. AirMedia Group Inc.
(NASDAQ:AMCN) is a leading operator of out-of-home advertising
platforms in China targeting mid-to-high-end consumers. AirMedia
operates the largest digital media network in China dedicated to
air travel advertising. AirMedia operates digital TV screens in 40
major airports, including 29 out of the 30 largest airports in
China. AirMedia also operates digital frames in 31 major airports
including all of the 15 largest airports in China. In addition,
AirMedia sell advertisements on the routes operated by nine
airlines, including the three largest airlines in China. In select
major airports, AirMedia also operates traditional media platforms,
such as billboards, light boxes, and other digital media, such as
mega LED screens. In addition, AirMedia has obtained exclusive
contractual concession rights until the end of 2014 to develop and
operate outdoor advertising platforms at Sinopec's service stations
located throughout China. AirMedia plans to install its advertising
platforms in at least 3,500 service stations in major cities
throughout China by the end of 2011, and in at least 8,000 service
stations by the end of 2014. For more information about AirMedia,
please visit http://www.airmedia.net.cn/ . For more information,
please contact: Investor Contact: Raymond Huang Investor Relations
Director AirMedia Group, Inc. Phone: +86-10-8460-8678 Email:
DATASOURCE: AirMedia Group Inc. CONTACT: Investor Contact: Raymond
Huang, Investor Relations Director of AirMedia Group, Inc.,
+86-10-8460-8678, or Web site: http://www.airmedia.net.cn/
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