BEIJING, Oct. 23, 2009 (Xinhua News Agency) -- VisionChina Media (NASDAQ:VISN) Inc. (VISN.NASDAQ), China's leading out-of-home digital television advertising networks on
mass transportation systems, Thursday announced that it has successfu lly signed a 16-month contract with Guangzhou Metro TV Media Company
(GMTM) to add the new Metro Line No. 5 to the Company's existing subw ay network in the city of Guangzhou upon the opening of that line on J anuary 1, 2010.
VisionChina already holds exclusive rights to operate on all existi ng subways in the city of Guangzhou as well as on the platforms that s ervice the subway system.
Line No. 5 will serve as a main artery and operate through the down town area of Guangzhou. Including the new line, the Guangzhou subway
system will feature a network of 5 lines covering 150 kilometers of t rack accessed via 91 subway stations.
Guangzhou, the capital city of Guangdong province, has over 10 mill ion residents and seventy-five percent of subway platforms and station s are located in major business centers and densely populated areas of
the city.
According to official national statistical data, Guangzhou's GDP re ached RMB 821.6 billion in 2008 and ranked 3rd among all cities in Chi na.
