AirMedia Announces 20-F Filing

AirMedia Announces 20-F Filing

BEIJING, April 30 /Xinhua-PRNewswire/ -- AirMedia Group Inc. (NASDAQ: AMCN), the operator of the largest digital media network in China dedicated to air travel advertising, today announced it has filed its annual report on Form 20-F, including its audited financial statements for the fiscal year ended December 31, 2007, with the U.S. Securities and Exchange Commission ("SEC") on April 30, 2008. AirMedia's Form 20-F can be accessed on the Investor Relations page of the Company's website at http://ir.airmedia.net.cn/ , as well as on the SEC's website at http://www.sec.gov/ . Interested parties may also request a complimentary paper copy of the filing by contacting ir@airmedia.net.cn .

About AirMedia Group Inc.

AirMedia Group Inc. (NASDAQ:AMCN) operates the largest digital media network in China dedicated to air travel advertising. AirMedia has contractual concession rights to operate digital TV screens in 53 airports, including 29 out of the 30 largest airports in China, and has contractual concession rights to place its programs on the routes operated by 9 airlines, including the three largest airlines in China. In addition, AirMedia also has contractual concession rights to operate digital frames of 46 to 50 inches and large-size digital frames ranging from 63 to 70 inches in several major airports. AirMedia also offers advertisers other media platforms in airports, such as 360-degree LED displays, mega display screens, and shuttle bus displays etc. For more information about AirMedia, please visit http://www.airmedia.net.cn/ .

Investor Contact:

Raymond Huang
Investor Relations Director
Tel: +86-10-8460-8678
Email: ir@airmedia.net.cn

FD Beijing
Julian Wilson
Tel: +86-10-8591-1951
Email: julian.wilson@fd.com

Source: AirMedia Group Inc.

CONTACT: Raymond Huang, Investor Relations Director at +86-10-8460-8678
or ir@airmedia.net.cn; Julian Wilson of FD Beijing at +86-10-8591-1951 or
julian.wilson@fd.com, both for AirMedia Group Inc.

Web site: http://www.airmedia.net.cn/

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