AirMedia: Boarding All Investors
Interesting: I found a great link/tool in which you can type-in any URL, including blogs, and then find where or what search engine sites (google, digg, sphere, technorati, etc) the URL is connected too, listed, tagged or related. Not being a webmaster and still learning I thought that was pretty cool and is where I found this article and link to www.dealprofiles.com blog. (somehow was related to mine)
AirMedia: Boarding all investors
Posted on November 8, 2007 by ttaulli
In China, the advertising market is booming. And, so is the airline industry.
As a result, the combo is supercharging the growth of AirMedia. You see, this company is the largest digital advertising network focused on the travel sector in China.
On Tuesday, the company came to America – for an IPO (the ticker is AMCN). The stock spiked 39% despite the plunge in the US markets.
AirMedia operates more than 2,000 digital TV screens in airports as well as over 16,000 screens on airplanes. And, yes, advertisers have come on board, such as China Mobile (NYSE: CHL), Hitachi, Lenovo, and Nokia (NYSE: NOK).
Revenues for the first nine months were $15.9 million, up from $6.7 million in the same period a year ago. There was also net income of $4 million.
To get more background, you can check out DealProfiles.com.
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2 comments:
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