BEIJING, June 21, 2007 (PRIME NEWSWIRE) -- i-level Media Group Inc. (OTCBB:ILVL) announced today that it has signed media concession agreements with two additional taxi operators in China's capital.
The cooperation agreements signed with Beijing Changhuade Taxi Co. Ltd and Beijing Jiangchao Taxi Co. Ltd grant i-level the exclusive rights to operate flat-panel digital media advertising screens in the two companies' taxis for a term of 10 years. The two agreements together cover approximately 800 taxis operating in central Beijing.
Together with the recently announced agreement with Beijing Northern Taxi Co., these two additional media concessions bring the total number of taxis that i-level has under contract to 8,000: 4,000 in Shanghai and 4,000 in Beijing. The Company currently has more than 3,500 of its digital advertising display units ("ADUs") installed and operating in Shanghai and intends to begin installing in Beijing in the coming months.
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.