BEIJING, May 22, 2012 /PRNewswire-Asia/ -- VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), one of China's largest out-of-home digital television advertising networks on mass transportation systems, today announced that a number of Communist Party of China (CPC) and government officials led by Mr. Li Changchun, member of the Political Bureau of the CPC Central Standing Committee, visited the headquarters of VisionChina Media in Shenzhen, on May 18, 2012. Those in attendance also included Wang Yang, member of the Political Bureau of the CPC Central Committee and secretary of the CPC Guangdong Provincial Committee; Wang Rong, member of the CPC Guangdong Provincial Standing Committee and secretary of the CPC Shenzhen Municipal Committee; Liu Binjie, director of the General Administration of Press and Publication of China; and Sun Zhijun, deputy minister of the Publicity Department of the CPC Central Committee.
Limin Li, VisionChina Media's chairman and chief executive officer, discussed VisionChina Media's overarching strategy and key milestones in the Company's seven-year history, which has culminated in the operation of one of China's largest out-of-home digital television advertising networks on mass transportation systems. While maintaining robust growth, VisionChina Media is recognized as one of the leading industrial taxpayers in Shenzhen and has actively participated in the promotion of public services. Li Changchun commented to state and local media that as the market leader in the out-of-home mobile digital television advertising sector, VisionChina Media and its innovative model, which combines TV media, public transit systems and commuters, along with its distinctive relation to culture and technology, were highly rated. He also added that VisionChina Media had created new ways for private capital to enter the cultural industry and that its efforts in establishing mobile digital television networks on buses and subways was essential to improving the overall impact and dissemination of media.
VisionChina Media's chairman and chief executive officer Limin Li commented, "It is a great honor for VisionChina Media to have hosted this group of CPC and government officials led by senior CPC official Li Changchun. This reflects our solid reputation among our key strategic partners and the strong support of our business development plans from China's central government, and renews our confidence in our company's long-term growth prospects. We will continue to work with top government officials and build on our relationships to encourage favorable policies and public support."
About VisionChina Media Inc.VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home advertising network on mass transportation systems, including buses and subways. As of March 31, 2012, VisionChina Media's advertising network included 135,762 digital television displays on mass transportation systems in 20 of China's economically prosperous cities, including Beijing, Shanghai, Guangzhou and Shenzhen, as secured by exclusive agency agreements or joint venture contract. 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. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, the quotations from management in this press release contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1 and its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV