Network CN Launches Out-of-Home Media Network
Visa, McDonald’s, Coca-Cola, Mercedes Benz, Adidas, Shisheido, Nike, Siemens, Lenovo and other major corporations sign on
NEW YORK, June 2, 2008 /Xinhua-PRNewswire/ — Network CN Inc. (OTC Bulletin Board: NWCN – News), a Chinese media company headquartered in Hong Kong, today announced the commercial launch of its out-of-home advertising network, encompassing six major Chinese cities.
Covering Beijing, Shanghai, Wuhan, Nanjin, Hangzhou and Qingdao, the first phase of Network CN’s network currently consists of 117 roadside LED panels, 10 mega-size LED billboards, 69 light boxes and one mega-size roller-sheet billboard. All of these outdoor advertising panels have been fully installed and are operational.
In collaboration with BAMC (Beijing All Media and Culture Group), designated promoter of the 2008 Beijing Summer Olympics, Network CN is also serving as representative for BAMC’s LCD network in Beijing during the 2008 Olympic year, consisting of 11,000 in-building screens in governmental and office buildings, banks, hotels, hospitals and stadiums.
In addition, Network CN has completed the installation of 98 light boxes within Beijing Airport’s new international Terminal 3, where many Olympic visitors will deplane and take in their first impressions of China.
The first advertiser to take advantage of this prominent and timely advertising opportunity is Visa, an official 2008 Beijing Olympics sponsor.
Network CN also unveiled key contract wins from other newly signed international advertisers, including such marquee brands such as McDonald’s, Coca-Cola, Mercedes Benz, Adidas, Shisheido, Nike, Siemens, Lenovo and others of similar prominence.
“Following many months of hard work by our dedicated and talented team, we are pleased to announce the launch of the first phase of our out-of-home advertising network,” commented Network CN Chairman Godfrey Hui. “With our first phase launched and our international airport terminal light boxes operational, we will be prepared for the upcoming Olympics, even as we continue to build out our network.”
Video of Network CN’s media network is available for viewing by clicking on the following link or copying and pasting it into your computer browser:
A satellite feed on this story features SOTs from:
– Daniel So, Managing Director and Vice Chairman of Network CN
-Landmarks of China
– LCD billboards next to major roadways, strip malls with LCD billboards, Beijing Olympic 2008 signage/flags
This footage is free for unrestricted use. Broadcasters: please courtesy Network CN Inc.
FEED DATE: TUESDAY, JUNE 3RD, 2008
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About Network CN Inc.
Headquartered in Hong Kong, Network CN Inc. is building a multi-media, multi-application out-of-home advertising network in the key cities of China. As of June 2, 2008, the Company had obtained rights to install and/or operate 12,997 out-of-home advertising panels and billboards in China. The first phase of its network, consisting of 10 mega-size LED billboards, 117 roadside LED panels, 167 light boxes and one mega-size roller-sheet billboard, successfully underwent beta testing in March and April.
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 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 May 15, 2008, 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.
Stanley Chu, General Manager
Network CN Inc.
Sean Collins, Senior Partner