Company to operate outdoor advertising at Sinopec service stations nationwide

Extends AirMedia’s reach to China’s rapidly growing population of 122 million automobile drivers

Beijing, China – April 30th, 2009 –Sinopec Corp. and AirMedia Group Inc. today announced they have entered into an exclusive concession rights contract under which AirMedia will develop and operate outdoor advertising at all of Sinopec’s service stations located throughout China for over five and half years. The contract is effective immediately and will expire on December 31, 2014. (Staggering expirations of contracts with existing operators in limited cities may apply.)

Mr. Zhang Haichao, Sinopec’s Vice President, stated, “We are pleased to be working with AirMedia as our exclusive partner for operating outdoor advertising services at our retail service stations throughout China. We look forward to benefiting from the synergy between our extensive national retail network and AirMedia’s expertise in operating nationwide media platforms targeting mid-to-high-end consumers.”

"As a leading operator of media platforms targeting mid-to-high-end consumers, we are extremely excited to partner with Sinopec to extend our influence to China’s rapidly growing population of automobile owners," said Herman Guo, chairman and chief executive officer of AirMedia.

AirMedia plans to install its advertising platforms such as scrolling light boxes in at least 3,500 service stations in provincial capitals and other developed cities throughout China by the end of 2011, and in at least 8,000 service stations during the contract period.

 
About AirMedia Group Inc.

AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of media platforms targeting China’s 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 major airports, including all of the 30 largest airports in China. AirMedia also operates digital frames in 22 major airports. In addition, AirMedia sell advertisements on the routes operated by 12 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.

For more information about AirMedia, please visit http://www.airmedia.net.cn.