Wi-Fi systems on ordinary trains in China

BEIJING, June 1, 2015 — AirMedia Group Inc.

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BEIJING, June 1, 2015 — AirMedia Group Inc. (“AirMedia” or the “Company”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, as well as a first-mover in the in-flight and on-train Wi-Fi market, today announced that Guangzhou Meizheng Advertising Co., Ltd. (“Meizheng”), one of its consolidated entities in which AirMedia has 63.2% of the equity interest, has recently obtained the exclusive right to install and operate Wi-Fi systems on ordinary trains operated by Beijing Railway Bureau. As of the time of execution of the concession agreement, Beijing Railway Bureau had 89 groups of ordinary trains in operation.

Other than the aforementioned concession right, Meizheng also holds the concession rights to exclusively install and operate Wi-Fi systems on the high-speed trains operated by Beijing Railway Bureau.

“In addition to our leading position in Wi-Fi services on high-speed trains in China, in terms of the number of high-speed trains on which we have concession rights to install and operate on-train Wi-Fi systems, we continue to strengthen our position in Wi-Fi services on ordinary trains in China. Passengers on ordinary trains will be the first to use our Wi-Fi services. We expect to start to install Wi-Fi systems on ordinary trains operated by Shanghai Railway Bureau in June 2015, followed by ordinary trains operated by other railway bureaus,” commented Mr. Herman Man Guo, chairman and chief executive officer of AirMedia.
About AirMedia Group Inc.

AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital frames in most of the 30 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by seven airlines, including the four largest airlines in China.

WHAT TO TAKE AWAY FROM THIS ARTICLE:

  • “In addition to our leading position in Wi-Fi services on high-speed trains in China, in terms of the number of high-speed trains on which we have concession rights to install and operate on-train Wi-Fi systems, we continue to strengthen our position in Wi-Fi services on ordinary trains in China.
  • AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, as well as a first-mover in the in-flight and on-train Wi-Fi market, today announced that Guangzhou Meizheng Advertising Co.
  • Other than the aforementioned concession right, Meizheng also holds the concession rights to exclusively install and operate Wi-Fi systems on the high-speed trains operated by Beijing Railway Bureau.

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Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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