VisionChina Media Announces Exclusive Strategic Cooperation with Baidu Games
BEIJING, Jan. 22, 2014 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), one of China's largest out-of-home digital television advertising networks on mass transportation systems, today announced that it has entered into an exclusive strategic cooperation agreement ("Agreement") with Baidu Games, the online game platform of Baidu, Inc. (NASDAQ: BIDU), to promote the Baidu Games brand and Baidu's gaming products across VisionChina Media's digital television advertising networks nationwide.
Under the terms of the Agreement, VisionChina Media will act as the exclusive digital mobile television advertising partner of Baidu Games and provide brand promotion and advertising placement solutions for Baidu Games throughout VisionChina Media's national media networks on buses and subways in 2014.
"We are proud to announce this exclusive strategic cooperation with Baidu Games," said Mr. Limin Li, VisionChina Media's chairman and chief executive officer. "This deal is representative of our advertising service capabilities and the success we've had in working with China's gaming industry. With our ability to reach, through both exclusive and non-exclusive partnerships, China's above-ground bus networks in 88 cities and underground subway networks in 14 cities, covering nearly 600 million person-time on daily basis, we are an ideal fit for helping Baidu Games raise its brand profile and improve its penetration and conversion rates in turning offline audiences into new online players. Furthermore, our cooperation with Baidu Games will further solidify our leading position with respect to gaming advertising and promotion in China's out-of-home media sector."
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 September 30, 2013, VisionChina Media's advertising network included 110,383 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:
Ms. Shuning Yi
Investor Relations Department
VisionChina Media Inc.
Mr. Colin Wang
Investor Relations Director
VisionChina Media Inc.
Tel: +86 135-1001-0107
In the United States:
Mr. Justin Knapp
Ogilvy Financial, U.S.
SOURCE VisionChina Media Inc.