China MediaExpress Holdings, Inc. Announces Rescinding of the Previously Announced Delisting Notice
31 10월 2009 - 2:43AM
Business Wire
China MediaExpress Holdings, Inc. (NYSE Amex: TMI; TMI/U;
TMI/WS) (“CME” or “Company”), China’s largest television
advertising operator on inter-city express buses, today announced
that based on more recent stockholder information that CME has
provided, NYSE Amex LLC (“AMEX”) has rescinded its previously
announced delisting notice, issued to the Company on October 23,
2009.
The Company has been informed by AMEX that no further appeals
are required and it expects to receive a new approval regarding its
continued listing from AMEX.
Zheng Cheng, CME’s Founder and CEO, noted, “We are glad to
report to our stockholders the prompt resolution of questions
raised by AMEX regarding our business combination with TM
Entertainment. We expect that the promising future for our business
in the significant PRC markets we serve will continue to provide
opportunity for investors interested in benefiting from the
significant growth expected in this sector.”
About CME
CME, through contractual arrangements with Fujian Fenzhong, an
entity majority owned by CME’S former majority shareholder,
operates the largest television advertising network on inter-city
express buses in China. While CME has no direct equity ownership in
Fujian Fenzhong, through the contractual agreements CME receives
the economic benefits of Fujian Fenzhong’s operations. Fujian
Fenzhong generates revenue by selling advertisements on its network
of television displays installed on over 18,000 express buses
originating in thirteen of China’s most prosperous regions,
including the five municipalities of Beijing, Shanghai, Guangzhou,
Tianjin and Chongqing and eight economically prosperous provinces,
namely Guangdong, Jiangsu, Fujian, Sichuan, Hebei, Anhui, Hubei and
Shandong which generate nearly half of China’s GDP.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 (the
“Securities Act”), as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Forward-looking statements include, but are not limited to
statements regarding expectations, hopes, beliefs, intentions or
strategies regarding the future. In addition, any statements that
refer to projections, forecasts or other characterizations of
future events or circumstances, including any underlying
assumptions, are forward-looking statements. The words
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “might,” “plan,” “possible,” “potential,”
“predict,” “project,” “should,” “would” and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking.
Forward-looking statements in this report may include, for example,
statements about the Company’s:
- Success in retaining or
recruiting, or changes required in, management or directors
following the acquisition;
- Public securities’ limited
liquidity and trading;
- The delisting of the Company’s
securities from the NYSE Amex or an inability to have the Company’s
securities listed on the NYSE Amex following a business
combination;
- The Company’s goals and
strategies;
- The Company’s future prospects
and market acceptance of its advertising network;
- The Company’s future business
development, financial condition and results of operations;
- Projected changes in revenues,
costs, expense items, profits, earnings, and other estimated
financial information;
- The Company’s ability to manage
the growth of its existing advertising network on inter-city
express buses and expansion to prospective advertising network on
high speed railways;
- Trends and competition in the
out-of-home advertising media market in China;
- Changes in general economic and
business conditions in China; and
- Chinese laws, regulation and
policies, including those applicable to the advertising
industry.
Team (AMEX:TMI)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Team (AMEX:TMI)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024