VisionChina Media Inc. sells advertising time on its out-of-home digital television networks and provides passenger information and direction system (PIDS) in the People's Republic of China (the PRC). As of March 31, 2015, the company’s network and supplemental subway advertising platform covered 19 cities in PRC and consisted of approximately 91,275 displays. The company’s mobile digital television advertising network and supplemental subway advertising platform include digital displays installed in the mass transportation systems of 19 cities around China as of December 31, 2014. Those digital television displays in the company’s mobile digital television advertising network receive real-time programs broadcast by local television stations on mobile digital television frequencies. The digital television screens in its supplemental subway advertising platform receive programming transmitted through closed circuit digital networks. As of December 31, 2014, the company operated its advertising network under the exclusive agency model in 16 cities: Beijing, Changchun, Changsha, Changzhou, Chengdu, Dalian, Guangzhou, Nanjing, Ningbo, Shenyang, Suzhou, Taiyuan, Wuhan, Wuxi, Xiamen and Zhengzhou. The company also operates various closed-circuit advertising digital displays on certain subway platforms and in subway trains in Beijing, Chongqing, Nanjing, Shenzhen and Tianjin. The company’s three brand name advertisers, Yihai Kerry, Uniliver and Wrigley accounted in aggregate for approximately 18.1% of its advertising service revenue for the year ended December 31, 2014. Intellectual Property The company’s intellectual property consists of its brand, trademarks and design patents related to some of the equipment it uses. As of December 31, 2014, the company held seven patents and copyrights issued in the PRC. Competition The company’s major competitors include other companies that operate out-of-home advertising media networks, such as Focus Media Holding Limited; AirMedia Group Inc.; Towona Mobile Digital Co., Ltd.; and Bus Online Media Co., Ltd. History The company was founded in 2005. The company was incorporated as CDMTV Holding Company in the Cayman Islands in 2006 on behalf of its co-founders, Limin Li and Yanqing Liang. In 2007, the company changed its name to VisionChina Media Inc.
visionchina media inc-adr
1st Floor, Block No. 7
Phone: 86 755 8293 2222
Fax: 86 755 8298 1111www.visionchina.cn
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