VisionChina Media Signs Exclusive Contract with Xiamen TV Digital Media Co., Ltd.
2009年10月16日 - 3:00PM
PRニュース・ワイアー (英語)
New Contract brings real-time broadcast of television and
advertising to buses in the City of Xiamen BEIJING, Oct. 16
/PRNewswire-Asia/ -- VisionChina Media Inc. ("VisionChina" or the
"Company") (NASDAQ:VISN), one of China's largest out- of-home
digital television advertising networks on mass transportation
systems, today announced that it has signed an exclusive agreement
expanding its network coverage to include Xiamen, a city of 2.5
million residents that is designated as one of China's few special
economic zones. Mr. Limin Li, chairman and chief executive officer
of VisionChina Media said, "Xiamen is one of the more prosperous
cities in southeastern China. Digital mobile television has been
operated in Xiamen for many years and recently the city began
upgrading the technological capability of its bus network to allow
receipt of real-time broadcast. In a city with competition for the
bus network, VisionChina is extremely pleased to have been chosen
as the first to partner with the local TV station to provide
real-time television and advertising on digital mobile TVs on buses
to the people of Xiamen. Establishing ourselves in Xiamen is an
important strategic move for VisionChina Media and our extension
into that city enhances our leading market position and allows
national and international advertising clients access to an
economically important region of China." The three-year exclusive
agreement went into effect on October 1, 2009 and grants
VisionChina the right to sell a minimum of 100 advertising minutes
per day to non-Xiamen-based national advertisers during 18 hours of
daily programming supplied by Xiamen TV Digital Media Co. Ltd. The
Xiamen network features 1,800 screens and an impressive fleet of
over 1,100 buses. According to the Xiamen Bureau of Statistics, in
2008 Xiamen had a total GDP of RMB156 billion, or approximately
US$22.8 billion. About VisionChina Media Inc VisionChina Media Inc.
(NASDAQ:VISN) operates an out-of-home advertising network on mass
transportation systems, including buses and subways that reaches
over 40 million viewers each day in China, according to CTR Market
Research. As of June 30, 2009, VisionChina Media's advertising
network included 82,349 digital television displays on mass
transportation systems in 18 of China's economically prosperous
cities, including Beijing, Guangzhou and Shenzhen. VisionChina
Media has the ability to deliver real-time, location- specific
broadcasting, including news, stock quotes, weather and traffic
reports and other entertainment programming. For more information,
please visit http://www.visionchina.cn/ . For investor and media
inquiries, please contact: In China: Mrs. Helen Plummer Investor
Relations Officer VisionChina Media Inc. Tel: +86-139-1167-2124
Email: Mr. Derek Mitchell Ogilvy Financial, Beijing Tel:
+86-10-8520-6284 Email: In the United States: Ms. Jessica Barist
Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 Email:
DATASOURCE: VisionChina Media Inc. CONTACT: In China: Mrs. Helen
Plummer, Investor Relations Officer, VisionChina Media Inc.,
+86-139-1167-2124, , or Mr. Derek Mitchell, Ogilvy Financial,
Beijing, +86-10-8520-6284, ; In the United States: Ms. Jessica
Barist Cohen, Ogilvy Financial, New York, +1-646-460-9989, Web
site: http://www.visionchina.cn/
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