VisionChina Media (VISN) Signs Agreement with Beijing Subway to Expand Operations of TV Advertising Network
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VisionChina Media Inc. (Nasdaq: VISN) today announced the signing of an exclusive agency framework agreement with Beijing Subway to expand operations of the Company's mobile digital television advertising network to operational portions of Beijing Subway Line 5, the Olympic Line (which is part of Line 8) and Line 10. A definitive agreement will be signed within 30 days.
Signed on November 17, 2008, the 1-year agreement grants VisionChina Media the exclusive right to operate on three additional subway lines in Beijing as well as on the platforms that service the lines. These three lines together feature 3,792 screens inside train cars and 793 screens installed on platforms in the 47 subway stations that serve the subway lines.
VisionChina Media, Inc., through its consolidated affiliated entity, China Digital Mobile Television Co., Ltd., provides advertising services in the People's Republic of China.
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