BEIJING, Aug. 29 /Xinhua-PRNewswire/ -- VisionChina Media Inc. (Nasdaq: VISN), one of China’s largest mass transportation mobile television advertising networks, today announced the appointment of Mr. Christopher Holbert as vice president of finance, effective immediately. Holbert will oversee daily financial reporting functions and report directly to chief financial officer, Ms. Dina Liu.
“We are delighted to have Holbert join the senior management team at VisionChina Media,” said Limin Li, VisionChina Media’s chairman and chief executive officer. “Holbert, an American CPA, brings over 10 years experience in corporate finance in China to VisionChina Media and also brings extensive expertise in Sarbanes Oxley compliance. Holbert has great depth of financial and operational experience within Chinese companies. We expect Holbert to contribute significantly to our endeavor to become a nationally recognized leader in mass transit mobile advertising and also help strengthen the control mechanisms of our rapidly expanding company.”
Holbert joins VisionChina Media from TechFaith Wireless (Nasdaq: CNTF), a China-based product provider focused on research and development for cell phone solutions, where he served as chief finance officer beginning in 2006. Prior to that, Holbert was director of finance of CDC Corporation, where he was responsible for financial reporting, Sarbanes Oxley compliance and other financial operations. Holbert served as an auditor and consultant with Deloitte Touche Tohmatsu New York and Taipei earlier in his career.
Holbert holds a Bachelor of Science degree in accounting from Bowie State University in Maryland, U.S. He is a New York State licensed CPA and is fluent in both written and spoken Mandarin Chinese. Holbert has lived in China for the past 11 years.
Holbert is based out of VisionChina Media’s head office in Shenzhen.
About VisionChina Media Inc.
VisionChina operates an out-of-home advertising network on mass transportation systems, including buses and subways that reach approximately 26 million viewers each day in China, according to CTR Market Research. As of June 30, 2008, VisionChina’s advertising network included over 60,160 mobile digital displays on mass transportation systems in 17 of China’s most affluent cities, including all four of China’s Tier I cities, Beijing, Shanghai, Guangzhou and Shenzhen. VisionChina has the unique 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:
Investor Relations Department, VisionChina Media, Inc.
Tel: +86-755-8831-8683
Email: ir@visionchina.cn
Mrs. Helen F. Plummer
Ogilvy Financial, Beijing
Tel: +86-10-8520-3090
Email: helen.plummer@ogilvy.com
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvy.com
