SHANGHAI, China, June 7, 2007 (PRIME NEWSWIRE) -- i-level Media Group Inc. (OTCBB:ILVL) is pleased to announce that it has signed a contract with Beijing Northern Taxi (Beijing Ltd) to begin installing the i-level Mobile Media Network in China's capital city.
i-level Media Group and Beijing Northern have signed a cooperation agreement which grants i-Level the exclusive rights to operate liquid crystal display (LCD) based advertising display units (ADU) in 3200 Beijing Northern taxis operating in central Beijing. This marks i-level Media Group's initial entry into the Beijing market. The cooperation will begin with the initial terminal installations set to roll out in July 1st 2007. During the initial stage of the installations Beijing Northern's management, the taxi drivers and passengers will be surveyed to ensure maximum success of the program.
This entry into China's capital marks a major milestone for i-level as Beijing is critical to the success of i-level's national mobile media network strategy. As i-level completes its current contract with Jin Jiang Taxi in Shanghai, the Beijing Northern contract and other imminent contracts will allow i-level to continue its rapid growth and anticipated introduction of 1000 new screens in operation per month. Furthermore, contracts such as this one will allow i-level to reach its goal of approximately 10,000 screens in operation by the beginning of 2008 as well as grow its revenues exponentially as it continues to gain market share and penetrate new metropolitan.
"This marks an exciting milestone in the development of i-level and our mission to build a national media network," stated i-level President and CEO Aidan Sullivan before adding, "We look forward to working with Beijing Northern's management, drivers and passengers as well as the local government authorities to ensure that we bring the best possible taxi media solution to the great city of Beijing and replicate the success we have enjoyed in Shanghai."
"We are looking forward to be working with i-level Media Group as they posses a wealth of industry experience in digital taxi media in Shanghai and abroad," added Beijing Northern's General Manager Mr. Li.
About i-level: i-level Media Group Inc. (www.i-levelmedia.com) is an emerging media company delivering powerful digital media solutions for out-of-home advertising in China. The company owns and operates one of the largest digital in-taxi advertising networks in existence and also licenses its technology and expertise to third parties seeking mobile digital media solutions. i-level's proprietary technological platform, consisting of high-quality LCD displays mounted inside the passenger compartments of taxis, provides a consistent, reliable and high-impact channel for reaching consumers on the go. Through exclusive distribution agreements with China's leading taxi operators, i-level puts advertisers' messages in front of a highly sought-after audience, in a captive and intimate setting.
This press release contains forward-looking statements which are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in such. Although we believe the expectations reflected in our statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. This news release has been prepared by management of the Company who takes full responsibility for its contents. No regulatory authorities either reviewed or approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.