BEIJING, March 31 /Xinhua-PRNewswire-FirstCall/ -- VisionChina Media Inc. (Nasdaq: VISN), one of China’s largest mass transportation mobile television advertising networks, today announced that Ms. Dina Liu, VisionChina’s chief financial officer was named among "China’s Top 10 CFOs in 2007" by CFO World Magazine on Friday March 28th, 2008.
Liu attended the awards ceremony in Beijing and noted, "This award is really in recognition of our company’s strong financial control. We have a sturdy financial structure supported by a talented team that I am extremely proud to lead. Our solid balance sheet, enhanced by our 2007 IPO, demands and deserves superior leadership. As VisionChina continues to grow and expand into more cities in China, financial control will remain crucial to our company’s success."
Mr. Limin Li, chief executive officer commented, "We are extremely proud of Ms. Liu and are pleased that CFO World Magazine has recognized her abilities. Ms. Liu’s strong leadership skills and in-depth understanding of global capital markets enabled us to successfully IPO in a volatile market and continues to allow us to expand in a controlled manner. We are grateful especially for her vast experience in Sarbanes-Oxley compliance requirements as we begin to take the required steps as a responsible publicly listed company."
This award is now in its third year and recipients are carefully selected from a broad group of Chinese companies that are publicly listed domestically and abroad. Past CFO’s named to the list include the late Shawn Wang, CFO of Baidu (2005) and Charles Chao, former CFO of Sina (2005).
Dina Liu has been VisionChina Media’s chief financial officer since June 2007. Prior to joining VisionChina Media, Ms. Liu was an audit partner in the technology, communication and entertainment industry group at Ernst & Young’s Beijing offices providing cross-border transactions, Sarbanes-Oxley Act Section 404 compliance requirements and accounting and audit services to clients seeking access to U.S. capital markets. Prior to transferring to Ernst & Young’s Beijing office in September 2001, Ms. Liu worked at the San Jose and Toronto offices of Ernst & Young for four years. Ms. Liu received a master of business administration degree from the University of Toronto in 1997 and is a member of the Canadian Institute of Chartered Accountants.
About VisionChina Media Inc.
VisionChina operates an out-of-home advertising network on mass transportation systems, including buses and subways that reach approximately 26 million viewers each day in China, according to CTR Market Research. As of December 31, 2007, VisionChina’s advertising network included over 41,400 mobile digital displays on mass transportation systems in 15 of China’s most affluent cities, including Beijing, Guangzhou and Shenzhen. VisionChina has the unique ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports and other entertainment programming. For more information, please visit http://www.visionchina.cn .
For investor and media inquiries, please contact:
In China:
Mr. AJ Wang
Senior IR Manager, VisionChina Media Inc.
Tel: +86-10-8418-6339
Email: aj.wang@visionchina.cn
Mrs. Helen Plummer
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-3090
Email: helen.plummer@ogilvy.com
In the United States:
Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York)
Tel: +1-212-880-5363
Email: jeremy.bridgman@ogilvypr.com
