NEW YORK, Oct. 9 /Xinhua-PRNewswire-FirstCall/ -- Network CN Inc. (OTC Bulletin Board: NWCN), a Chinese media and travel network company headquartered in Hong Kong, today announced that it has secured the rights to operate the largest mega-size high resolution LED advertising billboard in a prominent location in China’s capital city, Beijing.
The billboard, covering more than 758 square meters, is located on the East Third Ring Road near the Airport Highway exit. It is installed on the wall of Jingxin Tower and measures 17.9 meters wide and over 42 meters high.
Network CN is operating this billboard through its PRC advertising subsidiary. Since going live in September, the billboard has displayed the advertising of such prominent companies as Microsoft, Pepsi and Chrysler.
"It is very exciting to have secured the right to operate the largest, most vibrant and most attractive LED billboard in Beijing," commented Godfrey Hui, Chief Executive Officer of Network CN. "We believe that this ideally located billboard, which is on the most central ring road directly linked with the highway network has brought us and will continue to bring us new business and revenues. It is an important milestone for us to add the most desirable billboard in Beijing to our network in preparation for the upcoming Olympic games."
Please refer to the Company's website (http://www.ncnincorporated.com) for additional details.
About Network CN Inc.
Headquartered in Hong Kong, Network CN Inc.'s vision is to build a
nationwide network in China that serves the needs of a variety of customers. The Company operates a Media Network, a Hotel Network and an e-Network. On the media side, Network CN is establishing a multi-media, multi-application advertising network in the key cities of China, focusing on outdoor advertising media. As of June 30, 2007, the Company had obtained rights to install and operate 653 roadside digital video panels, 4 mega-size digital video billboards and 24 rolling light boxes in the PRC. On the hospitality and hotel management side, Network CN is building a travel service platform to link up under one network, all the hotel properties under our management, whether owned by the Company or operated under lease or joint venture agreements. In addition, the Company is actively pursuing the development of an e-Network via the Internet.
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, continued progress in 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-QSB filed with the Securities and Exchange Commission on August 14, 2007, 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.
