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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 | Quote | Chart | News | PowerRating) 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.
http://www.visionchina.cn
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