VODone and AirMedia Partner to Penetrate the Advertising Market
May 23 2008 - 5:30AM
PR Newswire (US)
HONG KONG, May 23 /Xinhua-PRNewswire-FirstCall/ -- VODone Limited
("VODone" or the "Company") (stock code: 82.HK), a leading
tele-media service provider in China, today announces that it
entered into an agreement with AirMedia Group Inc. ("AirMedia";
Nasdaq: AMCN) to establish a strategic partnership. Ms Wang Chun,
Executive Director of VODone; and Mr James Zhonghua Feng, Chief
Operating Officer of AirMedia; signed an agreement for advertising
partnership on 21 May 2008 in Beijing. Successfully listed on the
Main Board of the Stock Exchange of Hong Kong in July 2006, VODone
is a leading tele-media service provider which conducts internet,
telecommunication and media business. VODone is the largest online
video advertising media in China. Its professional team offers an
integrated platform for online video advertising. AirMedia focuses
on the operation of digital TV screens in airports and on
aircrafts. It has contractual concession rights to operate digital
TV screens in 52 major airports in Beijing, Shanghai and Guangzhou.
It also places its programs on the routes operated by the three
largest airlines in China, namely Air China, China Eastern Airlines
and China Southern Airlines. AirMedia is the first Chinese air
travel digital media network operator listed on NASDAQ. The
strategic partnership between VODone and AirMedia marks the
beginning of the cooperation between the two giant media groups.
With their sound background in the advertising industry, the
partnership will lead to a strong alliance in the advertising
market. As a leading tele-media enterprise, VODone is going to join
hands with more accomplished partners to penetrate the growing
advertising market. About VODone Limited Founded in 2005, Vodone
Telemedia Co. Ltd., a strategic partner of VODone Limited
(0082.HK), is the first and leading online video media group in
China. It is also the only enterprise in the PRC to own a complete
set of licenses to operate video broadcasting on the Internet.
Vodone Telemedia has contracted the technical and promotional
services to Vodone Datamedia Technology Co., Ltd for 50 years. In
September 2006, upon the completion of the buy-sell agreement
between Dr. Zhang Lijun and VODone Limited, Vodone Datamedia
Technology Co., Ltd. and subsidiaries of VODone Limited
collaborated to further develop the telemedia service business.
Capital Market funds were deployed creating support and laying a
solid capital foundation for the development of VODone Limited.
Vodone Telemedia supports the broadcast of financial information,
entertainment, sports and lifestyle programs through multimedia on
the platforms of leading Internet and telecom network operators.
Vodone's telemedia streaming video programs can be accessed all
over the world, around the clock through the online video portals.
DATASOURCE: VODone Limited CONTACT: Sandy Yeung, +852-2136-8072, or
; Or Cheris Lee, +852-3170-6751, or ; Or Canny Lo, +852- 3170-6753,
or ; Or Crystal Chan, +852-2169-0049, or
Copyright