posted: 34 DAYS 16 HOURS AGO
BEIJING, Oct. 22 /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 the company has successfully signed a
16-month contract with Guangzhou Metro TV Media Company ("GMTM") to add the
new Metro Line No. 5 to the Company's existing subway network in the city of
Guangzhou upon the opening of that line on January 1, 2010. VisionChina
already holds exclusive rights to operate on all existing subways in the city
of Guangzhou as well as on the platforms that service the subway system.
Line No. 5 will serve as a main artery and operate though the downtown
area of Guangzhou. Including the new line, the Guangzhou subway system will
feature a network of 5 lines covering 150 kilometers of track accessed via 91
subway stations.
Commenting on the Company's successful bid in Guangzhou, Mr. Limin Li,
VisionChina Media's chairman and chief executive officer, said, "Our ability
to add Line No. 5 to our existing subway network in Guangzhou is an important
step in our strategic expansion plan. Guangzhou has a large and attractive
pool of local advertisers and is also one of China's four Tier I cities that
are important to national and international advertisers alike." Mr. Li
continued, "Additionally, in 2010, Guangzhou will host the 16th Asian Games.
This sporting event, second in Asia only to the Olympic Games, is expected to
attract millions of visitors of all nationalities. The combination of our
leading above-ground bus network and our newly expanded underground subway
network in the city of Guangzhou positions us well to explore the vast
opportunities presented by the event."
Guangzhou, the capital city of Guangdong province, has over 10 million
residents and will host the 16th Asian Games from November 12-27, 2010.
Seventy five percent of subway platforms and stations are located in major
business centers and densely populated areas of the city. According to
official national statistical data, Guangzhou's GDP reached RMB 821.6 billion
in 2008 and ranked 3rd among all cities in China.
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: helen.plummer@visionchina.cn
Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvypr.com
SOURCE VisionChina Media, Inc.