Legend Media's Subsidiary Enters Into an Advertising Contract with Agile Property Holdings Limited for RMB 2,118,600 (US$310,190
23 February 2010 - 12:00AM
PR Newswire (US)
BEIJING, Feb. 22 /PRNewswire-Asia/ -- Legend Media (OTC:LEGE)
(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 Website: http://www.legend-media.com/ 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. For more information, please
contact: Larry Isen MarketByte LLC & TGR Group LLC 4653 Carmel
Mtn Rd Suite 308 #402 San Diego, CA 92130 Phone: +1-858-793-7908
Cell: +1-619-517-6177 Fax: +1-858-793-7910 Web:
http://www.otcjournal.com/http://www.smallcapnetwork.com/ Email:
DATASOURCE: Legend Media CONTACT: Larry Isen of MarketByte LLC
& TGR Group LLC, +1-858-793-7908, cell +1-619-517-6177, fax
+1-858-793-7910, Web site: http://www.legend-media.com/
http://www.otcjournal.com/ http://www.smallcapnetwork.com/
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