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VisionChina Media Awarded Exclusive Bus Wi-Fi Concession Contracts in Hangzhou City and Jinan City

VisionChina Media and Baidu to Collaborate on Urban Public Transit Wi-Fi Network Development
2015-06-08 20:00 1441

BEIJING, June 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 5,000 urban buses in Hangzhou city, the provincial capital of Zhejiang province, and 1,614 urban buses and 58 bus rapid transit ("BRT") stations in Jinan city, the provincial capital of Shandong province. With these new concession contracts, VisionChina becomes the leading urban mass transit Wi-Fi provider in both cities, and its national network coverage expands to 20 cities and approximately 42,000 buses, up from 18 cities and approximately 35,000 buses as of the date of the Company's previous press release on June 4, 2015.

Mr. Limin Li, VisionChina Media's Chairman and Chief Executive Officer commented, "These recent wins of exclusive bus Wi-Fi concession contracts in Hangzhou City and Jinan City reflect our ability to deliver targeted content and an exceptional user experience. By leveraging our expertise, as well as our recently-announced collaboration with Baidu, we will offer the high-quality free Wi-Fi service for which we are known to millions of additional urban commuters in these two cities. Our mass transit Wi-Fi initiative creates significant new growth opportunities for our Company, and we will continue to pursue additional concession contracts to further expand coverage to new 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 March 31, 2015, VisionChina Media's advertising network included 96,985 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. Glenn Garmont
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-hangzhou-city-and-jinan-city-300095359.html

Source: VisionChina Media Inc.
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