VisionChina Media announces 3-year contract with City of Hangzhou
Tue. October 20, 2009; Posted: 03:29 AM
BEIJING, Oct 20, 2009 (Xinhua via COMTEX) --
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PowerRating -- VisionChina Media Inc. (VISN.NASDAQ),
one of China's largest out-of-home digital television advertising netw
orks on mass transportation systems, Monday announced the renewal and
extension of its exclusive contract with Hangzhou New & Mobile Media o
n continuous operation of the company's mobile digital television adve
rtising network on buses and ferries in Hangzhou, the capital city of
China's Zhejiang province.
The three-year new contract will become effective on January 1, 201
0 and grant VisionChina the exclusive right to operate mobile televisi
on advertisements on all public buses and ferries covered by the mobi
le television network operated by Hangzhou New & Mobile Media.
The network currently covers 3,425 buses and 101 ferries, with dail
y audience reaching 3 million.
According to Hangzhou City Bureau of Statistics, in 2008, Hangzhou
ranked 8th in terms of GDP among all cities in China, with GDP being 4
78 billion yuan, or approximately 75 billion US dollars. The city has
a population of over 7.9 million.
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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