SHANGHAI, China, Jan. 10 /Xinhua-PRNewswire/ -- Focus Media Holding
Limited (Nasdaq: FMCN), China's largest digital media group, today announced a
strategic investment in Yanhuang Health Media Limited, a leading LCD
advertising operator targeting hospitals and healthcare locations in China.
Focus Media will make a cash investment of US$5 million to Yanhuang Health
Media Limited ("Yanhuang"), and transfer ownership of our current healthcare
channel which covers hospitals and drug chain stores in about 31 cities, with
an installed based on approximately 2,461 LCD throughout China, to Yanhuang.
Upon the completion of this investment, Focus Media will own a 20% equity
interest in Yanhuang. Concurrent with this investment, a group of investors
led by SAIF and Orchid Asia has invested US$35 million in Yanhuang.
Yanhuang Health Media Limited is a leading digital display advertising
operator covering healthcare locations in China, including hospitals, drug
chain stores and other healthcare locations. Currently, it has an installed
based of over 10,000 LCDs in 36 cities throughout China.
"There is very significant demand for advertising targeting potential
consumers for their healthcare needs. Yanhuang has built a very successful
network and operating team to become the leader in the sector," commented
Jason Jiang, CEO of Focus Media. "We believe this partnership will create
value for our shareholders while building a leading player in an attractive
media, in which we have a significant stake."
About Focus Media Holding Limited
Focus Media Holding Limited (Nasdaq: FMCN) is China's leading multi-
platform digital media company, operating the largest out-of-home advertising
network in China using audiovisual digital displays, based on the number of
locations and number of flat-panel television displays in our network, and is
also a leading provider of mobile handset advertising and Internet marketing
solutions in China. Through Focus Media's multi-platform digital advertising
network, the company reaches urban consumers at strategic locations and point-
of-interests over a number of media formats, including audiovisual television
displays in buildings and stores, advertising poster frames and other new and
innovative media, such as outdoor light-emitting diode or LED digital
billboard, mobile handset advertising networks and Internet advertising
platforms. As of September 30, 2007, Focus Media's digital out-of-home
advertising network had approximately 95,398 LCD display in its commercial
location network, approximately 43,315 LCD displays in its in-store network
and 170,605 advertising in-elevator poster frames, installed in over 90 cities
throughout China, and approximately 200 outdoor LED billboard displays in
Shanghai. For more information about Focus Media, please visit our website at
ir.focusmedia.cn.
Safe Harbor: Forward-looking Statements
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of 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 Business Outlook section and quotations from management in
this press release, as well as Focus Media's strategic and operational plans,
contain forward-looking statements. Focus Media may also make written or oral
forward-looking statements in its periodic reports to the U.S. Securities and
Exchange Commission on forms 20-F and 6-K., in its annual report to
shareholders, in press releases and other written materials and in oral
statements made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements about Focus
Media's beliefs and expectations, are forward-looking statements. Forward-
looking statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially from those
contained in any forward-looking statement. Potential risks and uncertainties
include, but are not limited to, risks outlined in Focus Media's filings with
the U.S. Securities and Exchange Commission, including its registration
statements on Form F-1, F-3, F-6 and 20-F. Focus Media does not undertake any
obligation to update any forward-looking statement, except as required under
applicable law.
SOURCE Focus Media Holding Limited
-0- 01/10/2008
/CONTACT: Jie Chen of Focus Media Holding Ltd, +86-21-3212-4661 x6607, or
ir@focusmedia.cn /
(FMCN)
CO: Focus Media Holding Limited; Yanhuang Health Media Limited
ST: China
IN: ADV CPR HEA MLM PUB
SU: ASI TNM
NL
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4712 01/10/2008 07:00 EST http://www.prnewswire.com
