AirMedia Group Inc. (Nasdaq: AMCN), the operator of the largest digital media network in China dedicated to air travel advertising, today announced that it has ranked Number 6 in the Deloitte Technology Fast 50 China 2008 program, which recognizes the fastest growing companies in China.
Deloitte Technology Fast 50 China program is an annual award program that ranks technology, media, and telecommunications companies located in Mainland China and Hong Kong. According to Deloitte, winners are selected based on their average revenue growth rates over the last three years. Participants in the Deloitte Technology Fast 50 China program will automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific 2008 program, which annually recognizes the 500 fastest growing technology companies in Asia Pacific.
“We are honored to receive this prominent award recognizing AirMedia as one of the fastest growing companies in the region. Over the past several years, AirMedia has successfully brought digital media in the air travel sector into the mainstream of China’s advertising industry, resulting in outstanding revenue growth,” said Herman Man Guo, Chairman and Chief Executive Officer of AirMedia.
“AirMedia remains well positioned for exceptional growth due to our broad product offerings targeting desirable advertising demographic group in China, high-quality content valued by our partner airports and airlines, as well as our strong sales network,” added Mr. Guo. “Looking ahead, innovative offerings such as our recently launched digital frames in 19 airports in China, which have already seen strong customer acceptance, will help AirMedia maintain a steady growth track.”
AirMedia Group Inc. (Nasdaq: AMCN) operates the largest digital media network in China dedicated to air travel advertising. AirMedia has contractual concession rights to operate digital TV screens in 53 airports, including all of the 30 largest airports in China. AirMedia also has contractual concession rights to operate TV-attached digital frames ranging from 46 to 52 inches and stand-alone digital frames ranging from 63 to 82 inches in 19 major airports. In addition, AirMedia has contractual concession rights to place its programs on the routes operated by 9 airlines, including the three largest airlines in China, and the exclusive rights in mainland China to sell advertisements on Cathay Pacific Airline and Dragonair’s routes. AirMedia also offers advertisers other media platforms in airports, such as 360-degree LED displays, mega display screens, shuttle bus displays and billboards on gate bridges.