Network CN Inc. signs multi-million-dollar contract for McDonald’s outdoor advertising in 2008 & 2009
NEW YORK, January 07, 2008 (PR Newswire) — Network CN Inc. (OTC Bulletin Board: NWCN), a Chinese media and travel network company headquartered in Hong Kong, today announced that it has signed a multi-million-dollar contract with the sole outdoor advertising buying agent for McDonald’s Corporation.
Under the contract, Network CN will provide outdoor LED media in China for McDonald’s from January 2008 to December 2009. The contract is predicated upon the completion of the Company’s network of roadside LED panels and mega-size LED billboards, which is scheduled to occur within the next three months.
“McDonald’s Corporation exemplifies the type of international marquee brand that our media network throughout China was developed to serve,” commented Godfrey Hui, the Company’s Chief Executive Officer. “We look forward to providing all our advertisers with the very highest-quality outdoor media exposure in China’s 2008 Olympic year and beyond. We will be working closely with McDonald’s to expand their outdoor LED advertising coverage to different cities in China.”
Please refer to Network CN’s website (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 September 30, 2007, the Company had obtained rights to install and operate 653 roadside digital video panels, 6 mega-size digital video billboards and 24 rolling light boxes 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, 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-QSB filed with the Securities and Exchange Commission on November 9, 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.
Source: Network CN Inc.
Stanley Chu, General Manager
Network CN Inc.
Sean Collins, Senior Partner