HONG KONG, Nov. 19, 2012 /PRNewswire/ -- Network CN Inc. (OTCBB.NWCN) announced today that the Company's wholly owned subsidiary, Yi Gao Shanghai Advertising Limited, has entered into an Agreement to co-operate with "Shanghai New Athletes Travel Limited" to operate the advertising area of the No. 2 Building in Shanghai New Athletes' City ("the City"), Putuo District, Shanghai.
Under the Agreement signed, Shanghai New Athletes Travel Limited is the owner of the No. 2 Building in City and NWCN will be responsible for the media planning and to operate the advertising media of the building. The Agreement is signed with one-year term from November 17, 2012 to November 16, 2013.
The City is located in Putuo Disctrict, Shanghai with a total area of 16,700 square meters. The No. 2 Building which will offer offices and service apartment is facing the railway that will attract a lot of attention by the advertising billboard. NWCN plans to build a mega-size advertising billboard on the rooftop of the building. Other buildings will offer offices and shopping malls. In the western area of the City, a sport center with 45,000 square meters which consists of different types of sports areas will be built. In the eastern area of the City, there is a park of 12,500 square meters. The City is well-planned with business, sports and leisure area.
NWCN took the first step towards its new direction to start working closely with property developers in media planning for the property in a very early stage.Please refer to Network CN's website ( http://www.ncnmedia.com) for additional details. About Network CN Inc. Headquartered in Hong Kong, Network CN Inc. is building a multi-media, multi-application out-of-home advertising network in the key cities of China. Safe Harbor Statement This press release includes statements that may constitute "forward- looking" statements, usually containing the word "believe", "estimate", "project", "expect", "plan", "anticipate" or similar expressions. Forward- looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, risks related to financing, risks attending the build-out of the Company's media network, acceptance of the Company's products and services in the marketplace, competitive factors and changes in regulatory environments. These and other risks relating to Network CN Inc. business are set forth in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 16, 2012, and other reports filed from time to time with the Securities and Exchange Commission. By making these forward- looking statements, Network CN Inc. disclaims any obligation to update these statements for revisions or changes after the date of this release. Media Contact:
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