HONG KONG, Nov. 28, 2012 /PRNewswire/ -- Network CN Inc. (OTCBB.NWCN) announced today that the Company's Chief Executive Office, Earnest Leung was recently on interviews on radio shows: "Business TalkRadio Network -- Stu Taylor on Business" and "Business TalkRadio Network -- Equity Strategies".
The interviews were broadcast on October 20, 2012 at 8:00pm (EST) and November 20, 2012 at 8:30 pm (EST) and can be heard by clicking the following link: http://www.ncnmedia.com/radio.html
The radio show "Business TalkRadio Network -- Stu Taylor on Business", hosted by Stu Taylor, discusses business and market trends with CEOs and high profile people from the corporate world. The radio show "Business TalkRadio Network -- Equity Strategies", also hosted by Stu Taylor, is full of the analysis and news from the past week that will keep audience thinking even on the weekend. Audience will get a full wrap-up of the week on Wall Street and a look ahead at the next week. The shows are located at http://www.businesstalkradio.net.
During the interview, Earnest updates on NWCN's vision and the company's recent developments. Earnest talks about China Media Market which he thinks is an opportunity in investment with good return, and the media market is just at the beginning stage supported by huge consumer market in China. He also explains the media business in the past years was using a wrong pricing model which led to a high cost of advertising. However, the total advertising revenue in China for 2012 is RMB753 billion and the advertising spend is increasing at double digits rate in the past 3 years.
Earnest mentions that the most important thing is "How to manage the risk of investment". Since 2009, NWCN started to restructure and follow a new business model -- low risk, better return strategy. NWCN started to explore new media project with low cost and risk and to work with the property developers directly.
He also gives an update on the Company's new projects, of which the first one is a shopping mall and the second one is an exhibition and conventional center. NWCN will be the media planner and share the advertising profits with the property owner without paying huge rights fee.
Lastly, Earnest concludes that NWCN has extended its business direction to not just selling air-time for its media panels, but started working closely with property developers in media planning for their properties at the very early stage which is a much lower risk with higher return business model for the company.
Please refer to Network CN Inc.'s website (http://www.ncnmedia.com) for additional details.
About Network CN Inc.
Headquartered in Hong Kong, Network CN Inc. is building a multi-media, multi-application out-of-home advertising network in the key cities of China.
Safe Harbor Statement
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, risks related to financing, risks attending 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-K filed with the Securities and Exchange Commission on April 16, 2012, 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.
Network CN Inc.
SOURCE Network CN Inc.