VisionChina Media expects Q2 revenues between USD29.2-32.2 mln

Tue. May 05, 2009; Posted: 04:12 AM

BEIJING, May 05, 2009 (Xinhua via COMTEX) -- VISN | Quote | Chart | News | PowerRating -- VisionChina Media (VISN.Nasdaq) is expecting a surge in Q2 revenues upon ease of the global financial crisis, VisionChina Media chairman and chief executive officer Li Limin was cited by Xinhua-run China Securities Journal as saying.

The company has released the financial result for the first quarter of 2009, posting total revenues up 100 percent from one year prior to 27.3 million U.S. dollars, and net income up 23.7 percent to 6.7 million dollars.

It was predicted that total revenues for the second quarter would range from 29.2 million to 32.2 million dollars, up 7-18 percent from the previous quarter.

Total revenue is expected to reach from 141 million to 157 million dollars for the full year of 2009. Excluding share-based compensation expenses and amortization of intangible assets (non-GAAP), net income is expected to range between 49 million to 61 million dollars.

Phase Three of the CTR Market Research Report provided by CTR shows that digital mobile television has the ability to reach wide audiences and generate high retention rates at costs that, on a national average, are about 15 percent of those of traditional television.

VisionChina also announced to expand exclusive agency contract with Guangzhou Metro TV Media Company to increase the advertising hours from six hours to eight hours a day for a period of two years.

VisionChina's advertising agency business now covers bus networks of 27 major Chinese cities and five subway lines of Beijing, and is exclusive agent for the subway television media in Guangzhou and Shenzhen.

For full details on VisionChina Media (VISN) click here. VisionChina Media (VISN) has Short Term PowerRatings of 5. Details on VisionChina Media (VISN) Short Term PowerRatings is available at This Link.

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