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AirMedia to Announce Third Quarter 2008 Unaudited Financial Results on November 6, 2008 at 7:00 PM Eastern Time

October 20, 2008

BEIJING, Oct. 20 /Xinhua-PRNewswire-FirstCall/ — AirMedia Group Inc. , the operator of the largest digital media network in China dedicated to air travel advertising, today announced that it will report its unaudited financial results for the third quarter of 2008 on Thursday, November 6, 2008 at 7:00 pm Eastern Time (Beijing/Hong Kong Time: Friday, November 7, at 8:00 am).

AirMedia’s management team will be on the call to discuss the financial results and highlights and to answer questions. The toll-free number for U.S. participants is +1 888 396 2386. The toll number for U.K. participants is +44 207 365 8426. The toll number for Hong Kong participants is +852 3002 1672. The toll number for other international participants is +1 617 847 8712. The pass code for all participants is AMCN.

A replay of the call will be available for 1 week between 8:00 pm Eastern Time on November 6, 2008 and 8:00 pm Eastern Time on November 13, 2008. The toll-free number for U.S. callers is +1 888 286 8010 and the dial-in number for international callers is +1 617 801 6888. The pass code for the replay is 95108920.

Additionally, a live and archived web cast of this call will be available on the Investor Relations section of the AirMedia corporate website at http://ir.airmedia.net.cn/ .

About AirMedia Group Inc.

AirMedia Group Inc. operates the largest digital media network in China dedicated to air travel advertising. AirMedia has contractual concession rights to operate digital TV screens in 53 airports, including all of the 30 largest airports in China. AirMedia also has contractual concession rights to operate TV-attached digital frames ranging from 46 to 52 inches and stand-alone digital frames ranging from 63 to 82 inches in 19 major airports. In addition, AirMedia has contractual concession rights to place its programs on the routes operated by 9 airlines, including the three largest airlines in China, and the exclusive rights in mainland China to sell advertisements on Cathay Pacific Airline and Dragonair’s routes. AirMedia also offers advertisers other media platforms in airports, such as 360-degree LED displays, mega display screens, shuttle bus displays and billboards on gate bridges. 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: ir@airmedia.net.cn  

AirMedia Group Inc.

CONTACT: Investor Contact: Raymond Huang, Investor Relations Director,+86-10-8460-8678, or ir@airmedia.net.cn

Web site: http://ir.airmedia.net.cn/http://www.airmedia.net.cn/




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