Consistent with past practice, VisionChina Media strives to use its cash
surplus prudently and add value for shareholders. Potential uses of cash
include expansion of the Company's network in major cities in
About VisionChina Media Inc.
VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home advertising
network on mass transportation systems, including buses and subways that reach
over 26 million viewers each day in
Use of Non-GAAP Financial Measures
In this press release, the Company provided certain cash flow information which is non-GAAP financial information. The Company believes that such non-GAAP financial information helps investors with the understanding of the Company's cash position. Readers are cautioned not to view non-GAAP financial information on a stand-alone basis or as a substitute for results under GAAP, or as being comparable to results reported or forecasted by other companies. The Company believes that both management and investors benefit from referring to the non-GAAP financial information included in this press release in assessing the performance of VisionChina Media's liquidity and when planning and forecasting future periods.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1 and its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
For investor inquiries, please contact: In China: Investor Relations Department, VisionChina Media Inc. Tel: +86-10-8418-6339 Email: ir@visionchina.cn Mr. Derek Mitchell Ogilvy Financial, Beijing Tel: +86-10-8520-6284 Email: derek.mitchell@ogilvy.com In the United States: Ms. Jessica Barist Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 Email: jessica.cohen@ogilvypr.com For media inquiries, please contact: Ms. Ceren Wende Ogilvy Financial, Beijing Tel: +86-10-8520-6514 Email: ceren.wende@ogilvy.com
SOURCE VisionChina Media Inc.