HONG KONG, March 22, 2013 /PRNewswire/ -- Network CN Inc. (OTCBB.NWCN) announced today that the Company's wholly owned subsidiary, Linkrich Enterprise Advertising and Investment Limited, has entered into an agreement to cooperate with a subsidiary of Marvel Digital Ltd ("Marvel Digital") to operate the Project Nanjing East Road ("the Project"). NWCN will act as the sales agent of Marvel Digital's products and services.
Project Nanjing East Road
NWCN has the exclusive right to operate 52 roadside advertising panels along Nanjing Road in Shanghai, China since 2008. In 2013, NWCN plans to install newly technologic panels along Nanjing Road. Marvel Digital is an innovator in 3D auto stereoscopic technology, a manufacturer of high quality 3D portrait displays and Asia's first-ever glasses-free 3D portrait display series. Under the cooperation agreement signed, Marvel Digital will invest 52 roadside 3D panels and software application along Nanjing Road, including 3D portrait displays, Marvel3Ds, glasses-free 3D 2D-to-stereo (auto-stereoscopic) 3D conversion services. NWCN will be responsible to operate the panels and sell the advertising airtime to customers directly. This project is only regarded as the kick-start project. Marvel Digital became NWCN's working partner and will continue to cooperate in the future projects.
Act as the Sales Agent of Marvel Digital's products and servicesMarvel Digital provides one stop solutions in the whole 3D material production chain including 3D displays, 3D software, 3D content creation and 2D to 3D conversion. With NWCN's current advertising experiences and the network in China, NWCN will also serve as the sales agent of Marvel Digital's products and services.
"Under this cooperation agreement, we will cooperate with the leader in glasses-free 3D technology, Marvel Digital, to provide value-added services to our customers by synergizing our broad experiences in advertising with the 3D auto stereoscopic technology and we will introduce most advanced advertising platform to our customers," commented by Earnest Leung, NWCN's Chief Executive Officer. "We look forward to providing all our advertisers and customers with the highest-technology outdoor media platform. As the sales agent of Marvel Digital's products and services, we believe it will further strengthen our company's growth." Please refer to Network CN Inc.'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: