BEIJING, July 5, 2017 /PRNewswire/ -- AirMedia Group Inc.
("AirMedia" or the "Company") (Nasdaq: AMCN), a leading operator of
out-of-home advertising platforms in China targeting mid-to-high-end consumers as
well as a first-mover in the travel Wi-Fi market, today announced
that it has received a letter from The Nasdaq Stock Market LLC
("Nasdaq") stating that the Company has regained compliance with
Listing Rule 5250(c)(1).
As previously disclosed, Nasdaq notified the Company on
May 18, 2017 that it no longer met
the period filing requirement for Nasdaq under Listing Rule
5250(c)(1). Based on the filing of the Company's annual report for
the year ended December 31, 2016 on Form 20-F on June 28, 2017,
Nasdaq has determined that the Company complies with the Rule.
About AirMedia Group Inc.
AirMedia Group Inc. (Nasdaq: AMCN) is an operator of out-of-home
advertising platforms in China
targeting mid-to-high-end consumers as well as a first-mover in the
travel Wi-Fi market. AirMedia sells advertisements on the
routes operated by several Chinese airlines and at Sinopec's
service stations in China. AirMedia also has concession rights
to operate the Wi-Fi systems on trains administered by eight
railway administrative bureaus in China as well as on many long-haul buses in
China.
For more information about AirMedia, please visit
http://www.airmedia.net.cn.
Investor Contact:
Richard Wu
Chief Financial Officer
AirMedia Group Inc.
Tel: +86-10-8460-8678
Email: ir@ihangmei.com
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SOURCE AirMedia Group Inc.