AirMedia Announces 20-F Filing

BEIJING, May 31 /PRNewswire-Asia-FirstCall/ -- AirMedia Group Inc. (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced it has filed its annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2009, with the U.S. Securities and Exchange Commission ("SEC") on May 28, 2010. AirMedia's Form 20-F can be accessed on the Investor Relations page of the Company's website at http://ir.airmedia.net.cn , as well as on the SEC's website at http://www.sec.gov . Interested parties may also request a complimentary paper copy of the filing by contacting [email protected].

About AirMedia Group Inc.

AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital TV screens in 37 major airports, including 25 out of the 30 largest airports in China. AirMedia also operates digital frames in 32 major airports, including the 15 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by eight airlines, including the three largest airlines in China. In selected major airports, AirMedia also operates traditional media platforms, such as billboards and light boxes, and other digital media, such as mega LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights until the end of 2014 to develop and operate outdoor advertising platforms at Sinopec's service stations located throughout China.

For more information about AirMedia, please visit http://www.airmedia.net.cn .

    For more information, please contact:

    Investor Contact:
     Raymond Huang
     Investor Relations Director
     Tel:   +86-10-8460-8678
     Email: [email protected]

     Caroline Straathof
     IR Inside
     Tel:   +31-6-54624301
     Email: [email protected]

SOURCE AirMedia Group Inc.