FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NASDAQ GS: CCME) (“CME” or “Company”), China’s largest television advertising operator on inter-city and airport express buses, today announced that it was ranked #1 in the 2011 Forbes China 200 small-to-mid sized companies with the most potential. The list can be accessed online at http://www.forbeschina.com/list/1008/more.
A total of 200 publicly-traded and privately-held companies were recognized as possessing "the most potential" by Forbes China. The publication's seventh annual study surveyed small- and medium-sized companies in China with sales ranging from RMB 5 million to RMB 1 billion. The rankings were based on various metrics, including three-year weighted average revenue growth rates, return on assets, return on equity and operating margins and also factored in the candidates’ 2010 business performance.
Founder & CEO, Zheng Cheng, added, “We are honored to be named the China’s #1 small-to-mid sized company with the greatest potential, based upon on our historical performance. This achievement is attributable to the hard work and dedication of our entire team. We remain committed to further grow our business and maximize shareholder value.”
About CME
CME, through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME’s former majority shareholder, operates the largest television advertising network on inter-city and airport express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME receives the economic benefits of Fujian Fenzhong’s operations. Fujian Fenzhong generates revenue by selling advertisements on its network of television displays installed on over 26,400 express buses originating in eighteen of China’s most prosperous regions, including the four municipalities of Beijing, Shanghai, Tianjin and Chongqing and fourteen economically prosperous regions, namely Guangdong, Jiangsu, Jiangxi, Fujian, Sichuan, Hebei, Anhui, Hubei, Shandong, Shanxi, Inner Mongolia, Zhejiang, Hunan and Henan.
CME is included in the Russell Global Index. For more information visit: www.ccme.tv.