SearchMedia's Board of Directors Approves Warrant Expiration Extension

Before you go, we thought you'd like these...
Before you go close icon

SearchMedia's Board of Directors Approves Warrant Expiration Extension

SHANGHAI, China--(BUSINESS WIRE)-- SearchMedia Holdings Limited ("SearchMedia" or the "Company") (NYSE MKT:IDI) (NYSE MKT:IDI.WS), one of China's leading nationwide multi-platform media companies, today announced that the Board of Directors of the Company has approved an extension of the expiration date of its 10.7 million warrants with an exercise price of $6.00 and 500,000 warrants with an exercise price of $7.00 from November 19, 2012 to February 19, 2013. All other provisions of the warrants remain the same.


About SearchMedia

SearchMedia is a leading nationwide multi-platform media company and one of the largest operators of integrated outdoor billboard and in-elevator advertising networks in China. SearchMedia operates a network of high-impact billboards and one of China's largest networks of in-elevator advertisement panels in 50 cities throughout China. SearchMedia's core outdoor billboard and in-elevator platforms are complemented by its transit advertising platform, which together enable it to provide multi-platform, "one-stop shop" services for its local, national and international advertising clients. Learn more at www.searchmediaholdings.com.

Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts, including statements about SearchMedia's beliefs and expectations, may constitute forward-looking statements as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "confident" and similar statements. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. These risks are outlined in the Company's filings with the U.S. Securities and Exchange Commission. SearchMedia cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. SearchMedia does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.



SearchMedia Holdings Limited
Paul Conway, 0118613918844646
ir@searchmediaholdings.com

KEYWORDS:   United States  Asia Pacific  North America  China  Florida

INDUSTRY KEYWORDS:

The article SearchMedia's Board of Directors Approves Warrant Expiration Extension originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners