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Focus Media to join Nasdaq-100 Index
December 16, 2007
SHANGHAI, China — Focus Media Holding Limited has announced that it will be added to the Nasdaq-100 Index at the opening of trading on Monday, December 24, 2007. Focus Media is the first Chinese media company to join the Index.
"Focus Media is pleased to have been selected for the Nasdaq-100 Index," said Jason Jiang, chairman and CEO of Focus Media. "We will continue to further strengthen our market leadership and dedicate ourselves to creating value for our advertising clients and our investors."
Focus Media operates the largest out-of-home advertising network in China using audio-visual digital displays, based on the number of locations and number of flat-panel television displays in the network and is also a leading provider of mobile handset advertising and Internet marketing solutions in China.
As of September 30, 2007, Focus Media's digital out-of-home advertising network had approximately 95,398 LCD displays 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.
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