BEIJING, Feb. 22 /PRNewswire-Asia/ -- Legend Media (OTC Bulletin Board: LEGE) ("Legend Media" or "the Company"), a Chinese multi-media advertising company, today announced that its subsidiary, Beijing Yin Se Ling Dong Advertising Co., Ltd., has signed an advertising contract with Agile Property Holdings Limited in the amount of RMB 2,118,600 (approximately US $310,190 based on the exchange rate as of the date of this press release) for its Clear Water Bay Project.
Agile Property Holdings Limited (HKG: 3383) is a Hong Kong-listed company, primarily engaged in property development and operation, with extensive involvement in property management and decoration services. Agile is a nationally renowned brand and is one of the few property developers that are constituents of the Morgan Stanley Capital International China Index, the Hang Seng Composite Index, and the Hang Seng Freefloat Composite Index. The Clear Water Bay Project is a leading project of Agile Property Holdings Limited and ranks among the key projects of Hai'nan province's eleventh five-year plan. It covers an area of 10 million square meters and offers an enjoyable coastal resort complex with three 18-hole golf courses, six 5-star hotels, hot spring spa, yacht club, and other exotic experience.
Mr. Ju Baochun, Chief Executive Officer and Director of Legend Media, commented, "We are extremely pleased to enter into a contract with the highly, regarded Agile Property Holdings brand. With this partnership, Legend and Agile will together strategically market and advertise the Clear Water Bay Project successfully. We look forward to utilizing our resources and bringing a value-added, promotional advertising service to Agile now and in the future."
About Legend Media
Legend Media, Inc. (OTCBB:LEGE), headquartered in Beijing, is a leading China advertising company focused on selling advertising that reaches affluent consumers in China through major airline magazines and radio channels in key districts of China. The Company currently owns an exclusive sales agent contract for Expression, the airline magazine for Hainan Airlines Group (HNA Group). With the execution of the policy of building Hainan into an International Tourist Island, there will be more business opportunities for the airline magazine. What's more, the airline magazine is distributed to a network of the subsidiary hotels of HNA Group, which enables the airline magazine to reach 20 million direct readers and cover 30 million to 40 million readers indirectly per year.
Aside from the main business, Legend Media owns two radio stations in Tianjin and Xi'an. The execution of the policy of developing the Ring Bohai Economic Circle brings Tianjin opportunities to further develop, enabling radio media to have great growth potential. Xi'an is an old city in China and with the development of Xi'an economy, the radio business of Xi'an will have new business opportunities.
Legend Media will continue to develop a sales network and strive to cover and eventually reach the most valuable direct advertisers in China and expand the sales business of the Company through the acquisition of new and good-quality media.
Safe Harbor Statement
This press release contains certain statements that may include 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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SOURCE Legend Media
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