The Bank of New York Mellon Appointed by VisionChina Media Inc. for its Listed ADR Program
06 12월 2007 - 11:37PM
PR Newswire (US)
NEW YORK, Dec. 6 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, a global leader in asset management and securities
servicing, has been selected by VisionChina Media Inc. as the
depositary bank for its American depositary receipt (ADR) program.
Each VisionChina Media ADR represents one ordinary share. The ADRs
trade on the NASDAQ Global Market under the symbol "VISN." (Logo:
http://www.newscom.com/cgi-bin/prnh/20071001/NYM012LOGO )
VisionChina Media operates an out-of-home advertising network using
real- time mobile digital television broadcasts to deliver content
and advertising on mass transportation systems in China. The
company operates its advertising business in China through its
consolidated affiliated entity, China Digital Mobile Television Co
(CDMTV). VisionChina Media's advertising network consists of
digital television displays located on buses and other selected
locations that receive mobile digital television broadcasts of
real-time content and advertising. The company also operates
stationary advertising platforms in subway stations in major
Chinese cities, such as Beijing, Guangzhou and Shenzhen. Dina Liu,
Chief Financial Officer of VisionChina Media said, "Listing our
ADRs on NASDAQ is a milestone for our company. Having the support
of the most experienced depositary was important to us, so we
selected The Bank of New York Mellon. The bank has the right mix of
expertise and hands-on support to help us achieve our goals in the
U.S. market." Christopher Sturdy, executive vice president and head
of The Bank of New York Mellon's Depositary Receipt Division said,
"We are committed to maximizing VisionChina Media's profile in the
buy- and sell-side communities and will work closely with the
company to develop customized market outreach programs to keep the
ADRs top-of-mind." The Bank of New York Mellon's Depositary Receipt
business is conducted through The Bank of New York subsidiary,
which acts as depositary for more than 1,290 American and global
depositary receipt programs, acting in partnership with leading
companies from 61 countries. With an unrivalled commitment to
helping securities issuers succeed in the world's rapidly evolving
financial markets, the Company delivers the industry's most
comprehensive suite of integrated depositary receipt, corporate
trust and stock transfer services. Additional information is
available at http://www.adrbny.com/. The Bank of New York Mellon
Corporation is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The
company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has more than $20
trillion in assets under custody and administration, more than $1.1
trillion in assets under management and services $11 trillion in
outstanding debt. Additional information is available at
bnymellon.com. This release is for informational purposes only. The
Bank of New York Mellon provides no advice nor recommendation or
endorsement with respect to any company or securities. Nothing
herein shall be deemed to constitute an offer to sell or a
solicitation of an offer to buy securities. Depositary Receipts:
Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank,
State or Federal Agency Guarantee.
http://www.newscom.com/cgi-bin/prnh/20071001/NYM012LOGO
http://photoarchive.ap.org/ DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Dori Flanagan of The Bank of New York Mellon
Corporation, +1-212-815-2291, Web site: http://www.bnymellon.com/
http://www.adrbny.com/
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