AirMedia to Announce Fourth Quarter and Fiscal Year 2009 Unaudited Financial Results on March 1, 2010 at 8:00 pm Eastern Time

BEIJING, Feb. 8 /PRNewswire-Asia-FirstCall/ — AirMedia Group Inc. (“The
Company”), (Nasdaq: AMCN), a leading operator of out-of-home advertising
platforms in China targeting mid-to-high-end consumers, today announced that
it will report its unaudited financial results for the fourth quarter and
fiscal year ended December 31, 2009, after the U.S. market closes on Monday,
March 1, 2010. The Company will hold an earnings conference call on the same
day at 8:00 p.m. Eastern Time (9:00 a.m. on Tuesday, March 2, 2010
Beijing/Hong Kong Time).

    Conference Call Dial-in Information

    U.S.: +1 866 700 0161
    U.K.: +44 207 365 8426
    Hong Kong: +852 3002 1672
    International: +1 617 213 8832

    Pass code: AMCN

A replay of the call will be available for 1 week between 10:00 p.m. on
March 1, 2010 and 10:00 p.m. on March 8, 2010, Eastern Time.

    Replay Dial-in Information

    U.S.: +1 888 286 8010
    International: +1 617 801 6888

    Pass code: 45528374

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

About AirMedia Group Inc.

AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of out-of-home
advertising platforms in China targeting mid-to-high-end consumers. AirMedia
operates the largest digital media network in China dedicated to air travel
advertising. AirMedia operates digital TV screens in 40 major airports,
including 29 out of the 30 largest airports in China. AirMedia also operates
digital frames in 31 major airports including all of the 15 largest airports
in China. In addition, AirMedia sell advertisements on the routes operated by
nine airlines, including the three largest airlines in China. In select major
airports, AirMedia also operates traditional media platforms, such as
billboards, light boxes, and other digital media, such as mega LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights
until the end of 2014 to develop and operate outdoor advertising platforms at
Sinopec’s service stations located throughout China. AirMedia plans to install
its advertising platforms in at least 3,500 service stations in major cities
throughout China by the end of 2011, and in at least 8,000 service stations by
the end of 2014.

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

SOURCE AirMedia Group Inc.