Lightscape Expands Working Relationship With New World Group
12 Junio 2009 - 10:38AM
Marketwired
Lightscape Technologies Inc. (OTCBB: LTSC), an operator of digital
out-of-home advertising media and provider of LED solutions, today
announced it has expanded its OOH advertising network relationship
with New World Group to focus on the New World Department Store
China properties throughout mainland China.
The first phase of the network build-out will include the
installation of an LED billboard at each of 9 sites in the
following cities and is expected to be completed by September
2009:
-- 4 sites in Shanghai
-- 3 sites in Beijing
-- 1 site in Wuhan
-- 1 site in Changsha
Lightscape will have the exclusive right to operate the OOH
advertising network throughout New World Department Store China
Sites. Ogilvy & Mather, LIME and XinTong Media will continue to
act as advertising sales agents for Lightscape's OOH LED
advertising network.
Lightscape's OOH media and advertising network currently manages
content for TVB, Universal Music East Asia, Emperor Entertainment,
Universe International, Media Asia, CEINet, as well as a growing
list of international and domestic advertising clients.
Bondy Tan, President and CEO of Lightscape, commented,
"Lightscape's partnership with New World Group is fundamental to
the long-term success of our company. This new arrangement aligns
our operating focus with New World Department Store China's vast
OOH advertising opportunity. We expect to continue to work closely
with New World Group companies in the future."
About Lightscape Technologies
Lightscape Technologies Inc. (OTCBB: LTSC) is a leading digital
media and LED solutions company in Asia. Lightscape is building a
digital out-of-home media network in greater China and Singapore
focused on LED billboards and LCD screens in prime locations. The
Company also designs, markets, sells and installs large-scale LED
video screens and LED systems. Lightscape is headquartered in Hong
Kong, and the Company has offices in Singapore, China and Macau.
For additional information, please visit
www.lightscapetech.com.hk.
Cautionary Disclaimer -- Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended, and Section 21E of the United States
Securities Exchange Act of 1934, as amended. Such forward-looking
statements include, among others, the estimation, expectation
and/or claim, as applicable, that: the first phase of an OOH LED
advertising network build-out at 9 New World Department Store China
sites is expected to be completed by September 2009; Lightscape
expects that the network build-out at each of the 9 New World
Department Store China sites will include the installation of 1 LED
billboard; Lightscape expects Ogilvy & Mather, LIME and XinTong
Media to sell advertising space on Lightscape's OOH LED advertising
network; and Lightscape expects to continue to work closely with
New World Group companies in the future. Actual results could
differ from those projected in any forward-looking statements due
to a variety of risks, uncertainties and other factors, including,
but not limited to, delays in the supply of LED modules, LED video
screens and other hardware; risks of downturns in economic
conditions generally and in China specifically; competition with
larger companies with greater resources and more experience in
providing OOH advertising services; the availability of timely
financing; and the Company's ability to manage growth. These
forward-looking statements are made as of the date of this news
release and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although the Company believes that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance those beliefs, plans,
expectations, or intentions will prove to be accurate. Investors
should consider all of the information set forth herein and should
also refer to the risk factors disclosed in the Company's periodic
reports filed from time-to-time with the Securities and Exchange
Commission and available at www.sec.gov.
Contact: Aaron Ratner aaron@lightscapetech.com.hk
Lightscape Technologies (CE) (USOTC:LTSC)
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