BEIJING, Jan. 4, 2019 /PRNewswire/ -- AirMedia Group Inc.
("AirMedia" or the "Company") (Nasdaq: AMCN), 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, today announced
that the original press release captioned "AirMedia Provides Update on
Cooperation with China Eastern Airlines" published on
December 14, 2018 referred to the
wrong name of the cooperation party. This press release corrects
the reference to the cooperation party from "China Eastern Airlines" to "China Eastern Airlines Media
Co., Ltd."
Set out below is the corrected press release in its entirety
with the relevant updates being underlined
AirMedia Provides Update on
Cooperation with China Eastern Airlines Media Co., Ltd.
BEIJING, Dec. 14, 2018 /PRNewswire/ -- AirMedia Group Inc.
("AirMedia" or the "Company") (Nasdaq: AMCN), 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, today announced
EASTO APP came online on selected airplanes operated by China
Eastern Airlines. As part of the strategic collaborations between
the Company and China Eastern Airlines Media Co., Ltd. (the "CEA Media"), EASTO APP was
created jointly as an Internet empowered in-flight entertainment
connectivity platform enabling China Eastern Airlines to
provide its travelers with streaming multimedia, e-commerce, and
other customized and interactive experiences. While operating and
maintaining the platform, AirMedia is devoted to work with CEA
Media to further integrate available resources to enrich travelers'
experience.
Zhou Peng, Vice President of
Marketing Public Relations of AirMedia commented that a seamless
integration of an in-flight entertainment system and a high-speed
Internet connectivity made EASTO APP a choice travelers will
benefit from. While providing travelers with convenience to
connect to the Internet in-flight, EASTO APP made it possible for
the airlines to embrace not only an upgrade from IFE to IFEC, but
also a diversified revenue. With respect to the Company, EASTO APP
marked a breakthrough in our efforts to build an ecosystem around
in-flight connectivity offering endless business possibilities.
Mr. Herman Guo, CEO of AirMedia
commented that as a milestone, EASTO APP clearly portrayed a
futuristic in-flight interactive entertainment empowered by mobile
Internet. Devoted to further improve travelers' experience,
EASTO APP stepped up from traditional IFE by integrating
interactive contents in multimedia formats. While managing the
operations and the contents on EASTO APP, we plan to devote our
competence in technology, integration of resources and proficiency
in operation to work with CEA Media to integrate EASTO APP into
globally recognized entertainment system in-flight.
About AirMedia Group Inc.
Incorporated in 2007 and headquartered in Beijing, China, AirMedia Group Inc. (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 also has concession rights to operate the Wi-Fi systems on
trains administered by several railway administrative bureaus in
China. For more information,
please visit http://www.airmedia.net.cn.
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including but not limited to, the Company's business
strategies and initiatives as well as the Company's business plans;
the Company's future business development, results of operations
and financial condition; expected changes in the Company's revenue
and certain cost or expense items; trends and competition in
China; general economic and
business conditions in China; and
other risks detailed in the Company's filings with the Securities
and Exchange Commission. These forward-looking statements involve
known and unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
For more information, please contact:
Company Contact:
Yan Liu
Director, Investor Relations
AirMedia Group Inc.
Tel: +86-10-8460-8678
Email: ir@ihangmei.com
Investor Contact:
Tina Xiao
President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE AirMedia Group Inc.