HONG KONG, Dec. 27, 2013 /PRNewswire/ -- Clear Media Limited
("Clear Media" or the "Group"; SEHK Stock Code: 100), one of the
leading outdoor advertising companies in China listed on The Stock Exchange of
Hong Kong, is delighted to
announce that on 25 December 2013,
the Nanjing Public Transport (Group) Limited had awarded Hainan
White Horse Advertising Media Investment Co., Ltd, a subsidiary of
Clear Media, certain concession rights to develop, manage and sell
advertising panels located at bus shelters in the city of
Nanjing, China, for a period of 10 years commencing
2014.
Clear Media has been an operator of bus shelter advertising
panels in Nanjing since 1999. The
Group currently operates in the city more than 1,300 bus shelter
advertising panels. Under the new arrangement, Clear Media will be
able to significantly expand the number of panels under its
management in the city.
Mr. Mark Thewlis, Executive
Chairman of the Group, said, "We are grateful the Nanjing Public
Transport (Group) Limited has placed their trust in us to deliver
our quality bus shelters and reliable maintenance services for the
benefit of commuters in Nanjing.
We will be constructing new bus shelters designed specifically for
Nanjing early next year to meet
the increased advertising demand driven by Nanjing's hosting of the '2014 Youth Olympic
Games' in August."
Mr. Han Zi Jing, Chief Executive
Officer of the Group, said, "Clear Media operates the most
extensive standardized bus shelter advertising network in
China. Of the 27 cities we
currently operate in, Nanjing is
among our fastest growing markets. Being awarded these concession
rights secures and strengthens our product offerings to our
customers for the years to come. We will continue to take necessary
steps to enhance our leading position in the outdoor advertising
market in China with a view to
enhance returns to our shareholders."
About Clear Media Limited
Clear Media is the leading outdoor media company in China listed on the main board of The Stock
Exchange of Hong Kong, and derives
100% of its revenue from China.
Clear Media has created a standardized bus shelter network that
covers nearly 30 key cities and reaches the most affluent consumers
in China. The Group enjoys leading
market shares in key cities and serves leading international and
local advertisers.
For more information on Clear Media please visit:
www.clear-media.net.
For further information:
Clear Media Limited
Mr. Jeffrey Yip
Director of Investor Relations, Company Secretary
Tel: +852-2235-3977
Fax: +852-2235-3911
Email: jeffrey.yip@clear-media.net
iPR Ogilvy Ltd.
Natalie Tam / Peter Chan / Cindy
Cheuk / Venus Wong
Tel: +852-2136-6182 / +852-2136-6955 / +852-3920-7648 /
+852-3920-7649
Fax: +852-3170-6606
Email: clearmedia@iprogilvy.com
SOURCE Clear Media Limited