CCME-- i only just noticed it tonight, don't know how long it has been since the re-wording occurred, but Yahoo's business summary blurb on CCME now has cleaned up wording, doesn't sound so complicated and precarious. Thanks to the shareholder(s) who suggested this change in wording to CCME's mgmt. This will be very important for new buyers:
NEWER SUMMARY:
Business Summary
China MediaExpress Holdings, Inc. provides television advertising network on inter-city express buses in China. It offers advertisements on its network of television displays installed on express buses originating in five municipalities of Beijing, Shanghai, Guangzhou, Tianjin, and Chongqing, and nine provinces, including Guangdong, Jiangsu, Fujian, Sichuan, Hebei, Anhui, Hubei, Shandong, and Shanxi in China. As of June 30, 2009, the company?s digital television advertising network consisted of approximately 16,000 express buses and approximately 34,000 digital television displays. China MediaExpress Holdings, Inc. is headquartered in Fuzhou, the People?s Republic of China.
OLDER SUMMARY:
About CME--CME, through contractual arrangements with Fujian Fenzhong, a variable interest entity of the Company, operates the largest television advertising network on inter-city express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME indirectly control the operation of Fujian Fenzhong and receives the economic benefits of Fujian Fenzhong’s operations. Fujian Fenzhong generates revenue by selling advertisements [...]
