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VisionChina Media Regains Compliance with NASDAQ Minimum Bid Price Requirement

VisionChina Media Regains Compliance with NASDAQ Minimum Bid Price Requirement

PR Newswire

BEIJING, Dec. 28, 2012

BEIJING, Dec. 28, 2012 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina
Media" or the "Company") (Nasdaq: VISN), one of China's largest out-of-home
digital television advertising networks on mass transportation systems, today
announced that it has regained compliance with the minimum bid price
requirement for continued listing on The Nasdaq Global Market.

As previously disclosed, the Company received a notice from The Nasdaq Stock
Market LLC dated July 13, 2012, indicating that, for the 30 consecutive
business days from May 31, 2012 to July 12, 2012, the bid price for the
Company's American Depositary Shares ("ADSs")had closed below the minimum
$1.00 per share required for continued listing under Nasdaq listing Rule
5450(a)(1). The Company was granted a period of 180 calendar days, or until
January 9, 2013, to regain compliance with the minimum bid price requirement.

On December 28, 2012, the Company received notification from The NASDAQ
Listing Qualifications department that it had regained compliance with the
minimum bid price requirement under the Listing Rule 5450(a)(1) after
maintaining a closing bid price of the Company's ADSs equal to or in excess of
$1.00 per share for the last 10 consecutive trading days, from December 12,
2012 to December 26, 2012.

About VisionChina Media Inc.

VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home advertising
network on mass transportation systems, including buses and subways. As of
September 30, 2012, VisionChina Media's advertising network included 107,821
digital television displays on mass transportation systems in 19 of China's
economically prosperous cities, including Beijing, Guangzhou and Shenzhen, as
secured by exclusive agency agreements or joint venture contract. VisionChina
Media has the ability to deliver real-time, location-specific broadcasting,
including news, stock quotes, weather and traffic reports, and other
entertainment programming. For more information, please visit
www.visionchina.cn.

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 statements on Form F-1 and its
annual reports 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 and media inquiries, please contact:

In China:
Ms. Sharon Wu
VisionChina Media Inc.
Tel:+86-189-2677-2096
E-mail: sharon.wu@visionchina.cn

Mr. Colin Wang
Investor Relations Director
VisionChina Media Inc.
Tel:+86 135-1001-0107
E-mail: colin.wang@visionchina.cn

In the United States:

Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel:+1-646-460-9989
E-mail: visn@ogilvy.com

SOURCE VisionChina Media Inc.

Website: http://www.visionchina.cn
 
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