FUJIAN, China -- China MediaExpress Holdings, Inc. (NYSE Amex: CCME) (鈥淐ME鈥?or 鈥淐ompany鈥? today announced that it has signed a contract with the Organizing Committee of the 16th Asian Games which run from November 12 to November 27, 2010 in Guangzhou. The agreement provides for CME to display a 30 second advertisement promoting the games on its current network of buses from February 1, 2010 until November 30, 2010.
Guangzhou is China鈥檚 third largest city, after Beijing and Shanghai, and is the second host city in China after Beijing in 1990. A total of 42 sports are scheduled to be contested in 53 different venues, making it the largest Asian Games ever. Tens of millions of travelers are expected tag heuer replica to travel to Guangzhou and other surrounding cities to view the games.
Zheng Cheng, CME鈥檚 Founder and CEO, noted, 鈥淲e are pleased to have been selected by the Guangzhou Asian Games Organizing Committee as one of its media advertisers. Our association with the Asian Games should enhance our reputation among our clients, both leading advertising agencies and corporations, as well solidify our position as a major media player in this market. We are working on signing on additional bus operators and advertising clients to take advantage of the exceptionally large number of travelers in the Guangzhou area during the Asian Games.鈥?
About CME
CME, through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME鈥橲 former majority shareholder, operates the largest television advertising network on inter-city express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME receives the economic benefits of Fujian Fenzhong鈥檚 operations. Fujian Fenzhong generates revenue by selling advertisements on its network of television displays installed on over 20,000 express buses originating in fourteen of China鈥檚 most prosperous regions, including the five municipalities of Beijing, Shanghai, Guangzhou, Tianjin and Chongqing and nine economically prosperous provinces, namely Guangdong, Jiangsu, Fujian, Sichuan, Hebei, Anhui, Hubei, Shandong and Shanxi which generate more than half of replica clothing China鈥檚 GDP.
Forward-Looking Statements
This press release includes 鈥渇orward-looking statements鈥?within the meaning of Section聽27A of the Securities Act of 1933 (the 鈥淪ecurities Act鈥?, as amended, and Section聽21E of the Securities Exchange Act of 1934, as amended (the 鈥淓xchange Act鈥?. Forward-looking statements include, but are not limited to statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words 鈥渁nticipate,鈥?鈥渂elieve,鈥?鈥渃ontinue,鈥?鈥渃ould,鈥?鈥渆stimate,鈥?鈥渆xpect,鈥? 鈥渋ntend,鈥?鈥渕ay,鈥?鈥渕ight,鈥?鈥減lan,鈥?鈥減ossible,鈥?鈥減otential,鈥?鈥減redict,鈥? 鈥減roject,鈥?鈥渟hould,鈥?鈥渨ould鈥?and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a
embroidered patches statement is not forward-looking. Forward-looking statements in this report may include, for example, statements about:
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