BEIJING, April 1 /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 Beijing Zhongchuan AuMedia Advertising Media Co., Ltd., the designated advertising agent of Beijing Fortune Real Estate Development Group Co., Ltd. in the amount of RMB 2,558,400 (approximately US $374,747 based on the exchange rate as of the date of this press release) for its Palais De Fortune Project.
Beijing Fortune Real Estate Development Group Co., Ltd. (hereinafter referred to Fortune Real Estate Group), a subsidiary of Fortune United Group, is a professional real estate development and management company. Fortune United Group is a large-scale integrated group company investing in multiple domains and industries covering real estate, culture, media, water utility, education, and high-tech industries. Fortune Real Estate, in line with the Group's solid financial strength and extensive management experience, has carried out several advantageous projects in Beijing. Aiming at building the brand of Fortune Real Estate and creating Fortune Series of real estate projects, the company is cooperating with world-class companies to reach the top level in product positioning, designing, planning, construction, marketing and management.
Palais De Fortune is known as a top-level elite villa of classic French noble style. The residence is surrounded by hundreds of acres of green belt to form a natural oxygen bar living area. In the vicinity of the villa, there are several high standard golf clubs, equestrian clubs, international schools, clinics and other facilities readily available. The main unit construction area is 1,500 square meters onwards, priced at 20 million yuan onwards. In addition, there is a 3,000-square-meter super large family house built as the King of all villas, tailored for the supreme customer.
Mr. Ju Baochun, Chief Executive Officer and Director of Legend Media, commented, "We have successfully renewed our annual contract with Beijing Fortune Real Estate Development Group Co., Ltd. for the promotion of their core project Palais De Fortune. We will take full advantage of our vast resources to help promote Palais De Fortune and provide value-added, promotional advertising service to our long term client."
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 50 million to 60 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, which enable the radio media to have great potentials to grow. 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.
For more information, please contact: Lauren Milner American Capital Ventures Tel: +1-305-918-7000 Email: email@example.com
SOURCE Legend Media, Inc.
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