Network CN Inc. Adds Mega-Size Digital Video Billboard in Wuhan to Its Media Network
NEW YORK, Aug. 22 /Xinhua-PRNewswire-FirstCall/ — Network CN Inc. (OTC Bulletin Board: NWCN), a Chinese travel and media network company headquartered in Hong Kong, today announced that it has entered into a business cooperation agreement with Wuhan Weiao Advertising Company Ltd. Under terms of the agreement, Network CN, through its subsidiary, Shanghai Quo Advertising Company Ltd., is authorized to install and operate a 200-square- meter digital video billboard at Wuhan Gongyi Tower on Zhongshan Road in Wuhan, China. Network CN’s rights to operate this mega-size video billboard for advertising extend for a period of five years.
‘As of June 30, 2007, our media network had grown to comprise rights to install and operate 677 roadside LED panels and 4 mega-size digital video billboards,’ Godfrey Hui, Chief Executive Officer of Network CN, commented. ‘We are proud to extend our media network with this additional prominently placed mega-size digital video billboard in Wuhan. As our Media network continues to expand, our advertisers will benefit from our reach, fulfilling our growth strategy and building shareholder value for our investors.’
Wuhan, the capital of Hubei Province, is among the largest cities along the Yangtze River, with a population of eight million. It is a hub for economic and cultural activity in Central China. Wuhan’s Gongyi Tower is in the city’s central commercial district, which attracts over 450,000 people a day.
Please refer to the Company’s website ( http://www.ncnmedia.com ) for additional details.
About Network CN Inc.
Headquartered in Hong Kong, Network CN Inc.’s vision is to build a nationwide network in China that serves the needs of a variety of customers. The Company operates a Media Network, a Hotel Network and an e-Network. On the media side, Network CN is establishing a multi-media, multi-application advertising network in the key cities of China, focusing on outdoor advertising media. As of June 30, 2007, the Company had obtained rights to install and operate 677 roadside digital video panels and 4 mega-size digital video billboards in the PRC. On the hospitality and hotel management side, Network CN is building a travel service platform to link up under one network, all the hotel properties under our management, whether owned by the Company or operated under lease or joint venture agreements. In addition, the Company is actively pursuing the development of an e-Network via the Internet.
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, continued 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-QSB filed with the Securities and Exchange Commission on August 14, 2007, 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.
For more information, please contact:
Stanley Chu, General Manager
Network CN Inc.
Sean Collins, Senior Partner
SOURCE Network CN Inc.