omniture

VisionChina Media Awarded Exclusive Bus Wi-Fi Concession Contracts in Chongqing City and Taiyuan City

VisionChina Media further expands its footprint on Urban Public Transit Wi-Fi Network
2015-10-08 21:00 1582

BEIJING, October 8, 2015 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), China's largest out-of-home digital television advertising network on mass transportation systems and the leading provider of urban mass transit Wi-Fi, today announced that it has been awarded exclusive concession contracts to install and operate its on-bus free Wi-Fi network on 6,600 urban buses in Chongqing City, a municipality directly under the central government, and 2,500 urban buses in Taiyuan City, the provincial capital of Shanxi province. With these new concession contracts, VisionChina Media becomes the sole urban mass transit Wi-Fi provider in both cities and expands its national network coverage to 23 cities and approximately 60,000 buses.

Mr. Limin Li, VisionChina Media's Chairman and Chief Executive Officer commented, "We are pleased to announce the recent two wins of exclusive bus Wi-Fi concession contracts in Chongqing City and Taiyuan City, which further enhances our leading position in China's urban mass transit Wi-Fi market and demonstrates our ability to deliver targeted content and an exceptional user experience. We will continue to work with Baidu in mass transit Wi-Fi and look forward to offering our high-quality free Wi-Fi service for more urban commuters in more cities."

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 June 30, 2015, VisionChina Media's advertising network included approximately 98,504 digital television displays on mass transportation systems in 19 of China's economically prosperous cities, including Beijing, 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.

For investor and media inquiries, please contact:

In China:

Ms. Shuning Yi
Investor Relations Department
VisionChina Media Inc.
Tel: +86-134-2090-9426
E-mail: shuning.yi@visionchina.cn

In the United States:

The Piacente Group, Inc.
Mr. Don Markley
Tel: +1-212-481-2050
E-mail: visionchina@tpg-ir.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/visionchina-media-awarded-exclusive-bus-wi-fi-concession-contracts-in-chongqing-city-and-taiyuan-city-300156586.html

Source: VisionChina Media Inc.
collection