AirMedia Granted Wi-Fi Concession Right on Ordinary Trains Operated by Shanghai Railway Bureau

BEIJING, April 9, 2015 /PRNewswire/ — AirMedia Group Inc. (“AirMedia” or the “Company”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced that Guangzhou Meizheng Advertising Co., Ltd. (“Meizheng”), one of its consolidated entities in which AirMedia has 63.2% of the equity interest, has recently won a bidding and has entered into a concession agreement (the “Concession Agreement”) with Shanghai Railway Culture and Advertising Development Co., Ltd., pursuant to which Meizheng has been granted the exclusive right to install and operate Wi-Fi systems on ordinary trains operated by Shanghai Railway Bureau. As of the time of execution of the Concession Agreement, Shanghai Railway Bureau had 147 groups of ordinary trains.

Shanghai Railway Bureau had 275 million passengers on its high-speed trains and 175 million passengers on its ordinary trains in 2014.

Before obtaining the aforementioned concession right, AirMedia was granted concession rights to install and operate Wi-Fi systems on the high-speed trains operated by Beijing Railway Bureau, Shanghai Railway Bureau and Guangzhou Railway (Group) Corporation, with which AirMedia established a leading position in Wi-Fi services on high-speed trains in China, in terms of the number of high-speed trains on which it has concession rights to operate on-train Wi-Fi systems. In addition, AirMedia also holds the concession rights to install and operate Wi-Fi systems on ordinary trains operated by Xinjiang Railway Bureau.

“In addition to the developments we have made on high-speed trains, we also intend to obtain a leading position in Wi-Fi services on ordinary trains in China. We believe there will be tremendous business opportunities when hundreds of millions of passengers use our Wi-Fi services when they travel. We have been doing technical test of Wi-Fi services on ordinary trains operated by Xinjiang Railway Bureau since late January 2015. With the test results and experience, we expect to install and operate Wi-Fi services on more ordinary trains and high-speed trains in 2015, as well as to start monetizing this unique Wi-Fi gateway and platform,” commented Mr. Herman Guo, chairman and chief executive officer of AirMedia.

About AirMedia Group Inc.

AirMedia Group Inc. (Nasdaq: AMCN) is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital frames in most of the 30 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by seven airlines, including the four largest airlines in China. In selected major airports, AirMedia also operates traditional media platforms, such as billboards and light boxes, and other digital media, such as mega-size LED screens.

In addition, AirMedia has obtained exclusive contractual concession rights until the end of 2020 to develop and operate outdoor advertising platforms at Sinopec’s service stations located throughout China.

For more information about AirMedia, please visit http://www.airmedia.net.cn.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. 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. Among other things, the Business Outlook section and the quotations from management in this announcement, as well as AirMedia Group Inc.’s strategic and operational plans, contain forward-looking statements. AirMedia may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AirMedia’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to: if advertisers or the viewing public do not accept, or lose interest in, AirMedia’s air travel advertising network, AirMedia may be unable to generate sufficient cash flow from its operating activities and its prospects and results of operations could be negatively affected; AirMedia derives most of its revenues from the provision of air travel advertising services, and any slowdown in the air travel advertising industry in China may materially and adversely affect its revenues and results of operations; AirMedia’s strategy of expanding its advertising network by building new air travel media platforms and expanding into traditional media in airports may not succeed, and its failure to do so could materially reduce the attractiveness of its network and harm its business, reputation and results of operations; if AirMedia does not succeed in its expansion into gas station, in-flight internet services and in-air multimedia platform or other outdoors media advertising, its future results of operations and growth prospects may be materially and adversely affected; if AirMedia’s customers reduce their advertising spending or are unable to pay AirMedia in full, in part or at all for a period of time due to an economic downturn in China and/or elsewhere or for any other reason, AirMedia’s revenues and results of operations may be materially and adversely affected; AirMedia faces risks related to health epidemics, which could materially and adversely affect air travel and result in reduced demand for its advertising services or disrupt its operations; if AirMedia is unable to retain existing concession rights contracts or obtain new concession rights contracts on commercially advantageous terms that allow it to operate its advertising platforms, AirMedia may be unable to maintain or expand its network coverage and its business and prospects may be harmed; a significant portion of AirMedia’s revenues has been derived from the six largest airports and four largest airlines in China, and if any of these airports or airlines experiences a material business disruption, AirMedia’s ability to generate revenues and its results of operations would be materially and adversely affected; AirMedia’s limited operating history makes it difficult to evaluate its future prospects and results of operations; and other risks outlined in AirMedia’s filings with the U.S. Securities and Exchange Commission. AirMedia does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Contact:
Raymond Huang
Senior Director of Investor Relations
AirMedia Group Inc.
Tel: +86-10-8460-8678
Email: ir@airmedia.net.cn

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/airmedia-granted-wi-fi-concession-right-on-ordinary-trains-operated-by-shanghai-railway-bureau-300063480.html

Maritime Leaders Call For Agility To Manage Changing State Of Play

SINGAPORE, April 9, 2015 /PRNewswire/ — Asia’s maritime leaders have today called for the industry to adapt more quickly to changing market conditions in order to effectively capture opportunities and ensure its long-term future across the region.

Speaking at a Sea Asia 2015 industry insights briefing ahead of the conference later this month, the leaders highlighted volatile commodity prices as well as fluctuating supply and demand as key drivers behind the changing conditions. Sea Asia 2015 will take place in Singapore from 21-23 April 2015.

Leaders at today’s session added that the speed at which the industry can adapt to this changing state of play will ultimately define Maritime’s ongoing success.

Managing Director of Precious Shipping Ltd, Khalid Hashim, said “these market forces have created substantial challenges for the dry bulk shipping sector.”

Asia continues to be the driving force behind global growth but slower-than-expected economic development in some markets has had a significant impact. The recent slow-down in China’s real-estate industry, for example, has reduced demand for iron ore at a time when there’s more dry bulk ships in the global fleet,” he said.

Mr. Hashim commented that between 2009 and 2012 total dry bulk capacity grew by 12.13% year-on-year.

“Iron ore makes up a significant portion of the cargo transported by dry bulk shippers and this softening demand, coupled with increased capacity, has resulted in a significant shift in the supply and demand balance within the global dry bulk shipping sector,” he said.   

Mr. Hashim added the industry is taking action to manage these challenges.

“Companies are focusing on driving efficiencies and managing costs to weather these challenging conditions. One of the ways they’re doing this is by scrapping or selling older assets — a move which also allows them to generate more cash.”

“Companies are also raising equity by going back to their shareholders or the market to ensure they have sufficient liquidity to support them over this time,” said Mr. Hashim.

Singapore Maritime Foundation Chairman (SMF) and Managing Director (Marine & Technology) at Keppel Offshore & Marine Ltd, Mr. Michael Chia commented that fluctuating commodity prices is another new reality impacting the industry.

“Low bunker prices have a positive impact on the shipping industry but our marine and engineering sectors are likely to face some headwinds in securing new orders. Fortunately, the industry has a full backlog of orders that will carry them through this year and into 2016.”

“In the meantime we need to focus on increasing productivity, reducing costs and driving efficiencies to manage this volatility,” Mr. Chia said.  

He added that while this can create short-term challenges for the offshore industry, the industry is resilient and the long-term outlook remains strong.

“Exploration and production (E&P) activities in the Asia Pacific region hit a record US$723 billion in 2014 due to the rising demand for energy. While lower oil prices may impact short-term growth, the region’s fast-paced urbanisation and growing middle class means that demand for energy will continue to grow.”

Mr. Chia added the industry needs to be prepared to seize the opportunities new trends in energy E&P present.

“Liquefied natural gas (LNG) is a new space which will continue to play a bigger role in meeting energy demand. Here in Singapore, for example, we opened our first LNG terminal last year to help secure the country’s energy supply and establish ourselves as a hub for LNG bunkering.”

“These projects need the right technology and infrastructure in place and the offshore industry is focusing its research and development efforts to support these trends,” Mr. Chia said.  

Maritime and Port Authority of Singapore (MPA) Assistant Chief Executive (Development), Ms. Tan Beng Tee commented the government is working with the industry to ensure it is prepared to manage changing market conditions.

Singapore continues to keep abreast of global developments and will continue to work with the industry to address and tackle key challenges and position ourselves strategically for future growth,” she said.

“In order for Maritime Singapore to be future-ready, MPA is introducing schemes to develop quality manpower which is critical to drive growth in this global business,” she said.

This year, MPA will inject another $65 million to the maritime cluster fund-manpower development programme to attract and groom talent for the maritime sector. This additional funding will be used to introduce new initiatives and top up existing training and development efforts to ensure the skills of maritime remain current and competitive.

Ms. Tan added that MPA is also investing in infrastructure development.

“The completion of phases three and four of the Pasir Panjang terminal by end 2017 will increase our handling capacity by more than 40 per cent. These investments are critical to enable Singapore to continue driving growth in the sector,” she said.

These changing market conditions and their impact on the global maritime industry will be the focus of discussion at Sea Asia 2015 — an event which has established itself as the leading forum for discussion and debate in the maritime industry.

“Sea Asia’s importance in the global maritime calendar continues to grow,” said Seatrade Global Editor Marcus Hand.

“We are expecting more than 14,000 participants from over 60 countries to attend and are honoured that Singapore’s Minister for Transport, Mr. Lui Tuck Yew will be opening the event.

“Sea Asia has traditionally drawn the Who’s Who of maritime leadership and this year will be no different with some of the biggest names in the industry debating, discussing and analysing key issues shaping the industry at the three day event,” he said.

For more information, please contact:
Sharon Chan
Email:   sharon.chan@bbspr.com.sg
Mobile: +65 9759 9528
DID:      +65 6239 4107

About Sea Asia

Sea Asia, an international conference and exhibition for the maritime and offshore industries, is returning for the 5th edition from 21 to 23 April 2015 at the Marina Bay Sands®, Singapore. Sea Asia serves as a focal point for both the global and local maritime communities to network, explore new businesses, and showcase the latest maritime innovations, equipment and services. Co-organised by Seatrade and the Singapore Maritime Foundation, Sea Asia is an anchor event held in conjunction with the Singapore Maritime Week and is well-attended by the most influential and respected leaders in the industry. The 3-day Sea Asia conference will bring forth the latest discussion and debates on key trends, opportunities and challenges facing the maritime industry.

Sea Asia is supported by principal sponsors Anglo-Eastern Ship Management Ltd, DP World UAE Region, Executive Ship Management,  Lloyd’s Register, Neptune Orient Lines (NOL), Sohar Port & Freezone, as well as sponsors ABS, Admiralty, AXSMARINE, ClassNK, DNVGL, G Travel, Hempel, JTJB LLP, Keppel Offshore & Marine, LUKOIL Marine Lubricants,  M3 Marine Group Pte Ltd,  Mobil Industrial Lubricants, Pacific International Lines (Pte) Ltd, PANAMA MARITIME AUTHORITY, WORLDWIDE LEADER FLAG STATE, PSA Corporation Limited, QBE INSURANCE (INTERNATIONAL) LIMITED, Singtel, The Standard Club Asia Ltd, Veritas Petroleum Services, and Zamil Offshore.

For more information, please visit www.sea-asia.com.

About Seatrade

Seatrade provides a range of global events, websites and publications that covers every aspect of the cruise and maritime industries, bringing together key people to encourage innovation and to produce powerful learning, networking and promotional platforms.  Founded in 1970, Seatrade was acquired recently in 2014 by UBM, the world’s second largest media and event organiser. Seatrade sits with the UBM EMEA, which connects people and creates opportunities for companies to develop new business, meet customers, launch new products, promote brands and expand markets. Operating in over 23 countries, UBM EMEA organizes many of the world’s largest, most important exhibitions, conferences, awards, directories, websites and publications in a wide variety of industries.

For full details about this event, visit www.sea-asia.com. Find out more about Seatrade and UBM, visit http://www.seatrade-global.com/seatrade-global-information/about-seatrade.html and http://ubmemea.com/.

About the Singapore Maritime Foundation

Established in 2004, the Singapore Maritime Foundation (SMF) is a private sector-led organisation that seeks to develop and promote Singapore as an International Maritime Centre (IMC). As the representative voice for the commercial players of the maritime industry, SMF seeks to forge strong partnerships with the public and private sectors of the maritime industry. SMF spearheads initiatives to promote the diverse clusters of the maritime industry in Singapore and at international frontiers, and to attract young talents to join the sector. SMF is directed by its Board of Directors which comprises prominent leaders in the Singapore maritime community. For details, visit www.smf.com.sg.

Photo – http://photos.prnasia.com/prnh/20150409/8521502202LOGO

European Consumers Rank Vehicle Safety Second Only to Reliability, Finds Frost & Sullivan

– In future, clients are more likely to adopt safety systems they are familiar with

LONDON, April 8, 2015 /PRNewswire/ — The European consumer base for passenger cars has traditionally embraced the latest technologies to enhance driving dynamics, connectivity, comfort and convenience. Although consumers in the region rate safety second to reliability, they are not only willing to pay for life-saving technologies, but also show interest in automated driving.

A new customer research study from Frost & Sullivan, Strategic Insight into Voice of European Consumers on Passenger Car Safety Systems (http://www.frost.com/mac9), details the findings from Web-based surveys of 2,516 current car owners who reside in Europe, drive a car no older than a 2011 model, and intend to purchase a new car within the next three years. The study has identified three groups of customers based on their attitudes towards safety and driving behaviour  sceptics, basic safety seekers and full feature seekers.

For complimentary access to more information on this research, please visit: http://corpcom.frost.com/forms/EU_PR_KFeick_MAC9-18_25Mar15.

“Full feature and basic safety seekers, which make up 72 percent of the population, should be targeted to increase the adoption rate of safety systems in Europe,” said Frost & Sullivan Automotive & Transportation Senior Research Analyst Kamalesh Mohanarangam. “In terms of targeting priority, however, basic safety seekers come after full feature seekers, who are most often women with higher-than-average incomes and a strong willingness to pay a premium for safety features.”

Across consumer segments, familiarity with safety systems has been found to positively influence uptake rates and future purchase intentions. Accordingly, automatic emergency braking, which consumers are well acquainted with, has the highest potential for uptake. On the other hand, many of the driver warning and information systems are secondary features in preference.

“To enhance interest in automatic emergency braking and other safety systems, market participants need to implement appropriate pricing strategies as consumers give importance to value for money,” pointed out Frost & Sullivan Program Manager, Automotive & Transportation, Prana Natarajan. “For instance, market participants could consider adopting the product bundle pricing strategy to lower prices for customers and maximise profits generated from passenger car safety system installations.”

Vehicle prognostics, the connected car and cyber security are just a few of the current trends in the automotive and mobility space, which will be discussed during Frost & Sullivan’s annual industry event “Intelligent Mobility: Future Business Models in Connected and Automated Mobility” (http://ow.ly/LkwXD), taking place at the House of Lords and the Royal Garden Hotel in London on 1st and 2ndJuly 2015. For more information, media partnership opportunities or press passes, contact Katja Feick, Corporate Communications, on katja.feick@frost.com.

Strategic Insight into Voice of European Consumers on Passenger Car Safety Systems is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: European Market for Vehicle-to-Vehicle and Vehicle-to-Infrastructure Communication Systems, Tyre Pressure Monitoring Systems Market in Europe, and Advanced Driver Assistance Systems (ADAS) Market in Europe. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Strategic Insight into Voice of European Consumers on Passenger Car Safety Systems
(
MAC9-18)

Contact:

Katja Feick
Corporate Communications  Europe
P: +49 (0) 69 7703343
E: katja.feick@frost.com
http://www.frost.com
www.twitter.com/FS_Automotive
Join our Forum on LinkedIn: Future of Mobility

Deutsche Post DHL Group CEO Frank Appel emphasizes the importance of his Strategy 2020 as it takes root across the region

Taiwan provides a good platform for further growth of the DHL businesses

SINGAPORE, April 7, 2015 /PRNewswire/ — Deutsche Post DHL Group, the world’s leading mail and logistics company is on path to execute the group’s Strategy 2020 across the region. The Group just announced its FY2014 results. Globally, compared to FY2013, revenues rose by 3.1 percent to EUR 56.6 billion (2013: EUR 54.9 billion) with all four of the company’s operating divisions contributing to this improvement.

During Appel’s visit to Taiwan, he explained the Group’s “Strategy 2020: Focus.Connect.Grow.” — which outlines the Group’s strategic priorities for the coming years and underscores its goal to become the company that defines the logistics industry. Frank Appel, CEO of Deutsche Post DHL Group, said: “This year we begin executing Strategy 2020 in each of our divisions. The leading growth drivers in our business are — and will remain — the booming E-Commerce business and the dynamic growth of emerging markets. At present, emerging market revenues contribute just over 20 percent of the Group’s revenues; by 2020, we expect this figure to climb to 30 percent. This means a substantial increase in absolute revenue growth in the emerging market countries.”

Addressing the country’s challenges in the logistics industry he continued: “Taiwan is ideally located in the Asia Pacific region, with good infrastructure and reliable growth rates. There are a number of factors to remain successful — Taiwan needs to continue to attract and retain workforce talent to ensure sustainable economic development, drive technology refresh in view of the declining hi-tech sectors focused on PCs, notebooks and smartphones and above all, maintain a commitment to foster free trade and global connectedness.”

Frank Appel took the occasion to review all business operations across the Group’s divisions operating in Taiwan. DHL Express was the first international Express provider to establish a presence in Taiwan back in 1973. Over the years, the company has grown in tandem with the local economy, supporting local small and medium sized enterprises to grow their international footprint. The company’s efforts to raise the bar in the Express industry still continue — this year, DHL Express has become the first and only express company exporting directly out of Kaohsiung International Airport.

DHL Supply Chain, the contract logistics arm of the group, has established itself as a market leader in Taiwan with a strong focus on the Technology, Retail, Life Science & Healthcare sectors. The division has developed an extensive warehousing footprint across the country with operations strategically located in the Great Taipei Area, Taoyuan, Hsinchu, Taichung, Tainan, Kaohsiung, and the Free Trade Zone (FTZ); which are supported by a robust domestic transport network. A new Spare Parts Logistics Strategic Centre was recently established in Hsinchu bringing significant benefits to the local semi-conductor industry as it enables components to be delivered across the region with an enhanced time-definite service agreement.

DHL Global Forwarding offers an unprecedented level of service: it is the first global logistics provider in Taiwan to be certified as an Authorized Economic Operator (AEO) by the Directorate General of Customs, Ministry of Finance. This certification, a part of the World Customs Organization (WCO)’s “Safe Framework of Standards” program, authorizes speedier customs processes that increase the cost-effectiveness and competitiveness for companies of all sizes. Taiwan is only the third country in Asia-Pacific where DHL has achieved AEO status, following accreditation in Hong Kong and Japan.

“We have a very strong portfolio of divisions. We are well exposed to the major trends, emerging markets and e-commerce. Over the past several years we have demonstrated what we are capable of,” said CEO Frank Appel. “Now we will accelerate our organic growth and continue to pursue a clear vision: we want Deutsche Post DHL to be not only the most global company in our industry, but also the clear leader in quality and customer orientation.”

— End —

http://www.dhl.com/en/press.html

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. DHL’s family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, international express, road, air and ocean transport to industrial supply chain management. With more than 325,000 employees in over 220 countries and territories worldwide, they connect people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including e-Commerce, technology, life science and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 56 billion euros in 2014.

Logo – http://www.prnasia.com/sa/2010/09/02/20100902467742-l.jpg

Enterprise Acquires City Car Club

LONDON, April 1, 2015 /PRNewswire/ —

Reinforces position as leading UK mobility provider

Enterprise Rent-A-Car, the world’s largest vehicle rental business, today announced the acquisition of City Car Club, Britain’s biggest independent car sharing company. The purchase reinforces Enterprise’s capabilities as one of the UK’s leading providers of mobility solutions to individuals and businesses that require a vehicle for an hour, a day or for longer periods.

(Logo: http://photos.prnewswire.com/prnh/20141217/721266)

Already one of the UK’s largest ‘car sharing’ providers to the public sector under the Enterprise CarShare brand, the acquisition, for an undisclosed sum, strengthens Enterprise’s position as a leading player in the UK’s sharing economy.

Enterprise CarShare is currently operational across public sector organisations throughout the UK. With City Car Club being aimed at private and corporate renters, Enterprise will utilise the acquisition to support fast-growing demand for car sharing and mobility services amongst businesses as well as for leisure motoring.

The agreement covers all of City Car Club’s assets, including its 800+ vehicles, 45 employees and 30,000 members. Its vehicles are available to members 24 hours a day, seven days a week in 17 cities around the UK.

In the immediate short-term, the Enterprise CarShare and City Car Club businesses will continue to operate as two separate brands, with a view to creating a combined entity in the future.

Enterprise vice-president, Brian Swallow, said: “This is an exciting time for mobility businesses such as Enterprise. We see the acquisition of City Car Club as a way of extending our service to business and private motorists looking for flexible travel options.

“As a privately owned business City Car Club already shares many of our values – in particular, our enthusiasm for innovation that genuinely drives customer service and delivers against customer needs. City Car Club even uses the same type of in-car technology as Enterprise CarShare.

“Beyond the government’s stated aim to enhance the sharing economy, people and businesses are turning to rental as a simple and environmentally-responsible way of making journeys. Enterprise aims to provide all varieties of mobility and car sharing is an increasingly important part of the mix, particularly in cities.

“Currently the Enterprise CarShare service is targeted at business users and our data shows that this is as important a market for car sharing in the UK as demand from city dwellers. However, the acquisition of City Car Club allows us to offer that same level of service, flexibility and convenience to private renters as well.”

Enterprise brings extensive experience of private user car sharing from the US, where its membership-based Enterprise CarShare programme currently operates in universities, businesses and for individuals in cities across the country.

About Enterprise Rent-A-Car 

In the UK, Enterprise Rent-A-Car is a specialist in providing replacement vehicles and courtesy cars, which are relied upon in the event of an accident. Enterprise, with more than 7,000 offices in the UK, Germany, Ireland, France, Spain, the United States and Canada, also offers daily and weekend rental for private or business use.

St. Louis-based Enterprise Holdings, the largest car rental service provider in the world, operates the Enterprise Rent-A-Car brand through its regional subsidiaries. Enterprise started in the UK in 1994 and has rapidly expanded. Currently operating more than 370 locations across the UK, with over 4,000 employees, three quarters of the UK population are within five miles of an Enterprise location. 

For more information about Enterprise, visit http://www.enterprise.co.uk. For more information about Enterprise’s environmental stewardship and long-term commitment to the sustainability of its business, visit http://www.drivingfutures.co.uk.

Lara van den Bogaard
T: +44(0)20-3697-4368
E: lara.vandenbogaard@eraccomms.eu

Anil Haji
T: +44(0)7714-719-416
E: anil.haji@eraccomms.eu

Autohome Inc. Files Its 2014 Annual Report on Form 20-F

BEIJING, March 30, 2015 /PRNewswire/ — Autohome Inc. (NYSE: ATHM) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the Securities and Exchange Commission (the “SEC”) on March 27, 2015. The annual report on Form 20-F, which contains the Company’s audited consolidated financial statements, can be accessed on the SEC’s website at http://www.sec.gov as well as through the Company’s investor relations website at http://ir.autohome.com.cn.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Autohome Inc., 10th Floor Tower B, CEC Plaza, 3 Dan Ling Street, Haidian District, Beijing, People’s Republic of China.

About Autohome Inc.

Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Through its two websites, autohome.com.cn and che168.com, the Company provides comprehensive, independent and interactive content to automobile buyers and owners. Autohome.com.cn ranked first among China’s automotive websites and automotive channels of internet portals in terms of average daily unique visitors, average daily time spent per user and average daily page views in 2014, according to iResearch, a third-party research firm. The Company’s ability to reach a large and engaged user base of automobile consumers has made Autohome the preferred platform for automakers and dealers to conduct their advertising campaigns. Automakers typically utilize its online advertising services for brand promotion, new model releases and sales promotions. Its dealer subscription services allow dealers to market their inventory and services through Autohome’s websites, extending the reach of their physical showrooms to potentially millions of internet users in China. For further information, please visit www.autohome.com.cn.

For investor and media inquiries, please contact:

Edith Kwan
Investor Relations
Autohome Inc.
Tel: +86-10-5987-1535
Email: ir@autohome.com.cn

Cara O’Brien
FTI Consulting, Inc.
Tel: +852-3768-4537
Email: cara.obrien@fticonsulting.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/autohome-inc-files-its-2014-annual-report-on-form-20-f-300057458.html

The Redwood Group Announces Two of the Largest Private Logistics Real Estate Developments in Japan, Combined Estimated Completion Value over US$1 billion

TOKYO, March 27, 2015 /PRNewswire/ — The Redwood Group (“Redwood”) continued its rapid pace of expansion in the Japanese logistics real estate market with the announcement today of the closing and commencement of two new prime developments in greater Osaka, with a combined estimated completion value of over 120 billion Japanese Yen (over US$ 1 billion).

Redwood Nanko DC-1

Redwood Nanko DC-1

The two new distribution centers (DC), Redwood Nanko DC and Higashi Osaka DC, are strategically located in the bay area of Nanko Naka and inland at Fujiidera respectively, providing customers with excellent coverage to the greater Osaka market.

Given the scale of the projects, Redwood is proud to partner with financial powerhouses Diamond Realty Management (a subsidiary of Mitsubishi Corporation), Sumitomo Mitsui Trust Bank and Shinsei Bank as primary lenders.

The planned Redwood Nanko DC, will represent circa 250,000 m2 of Gross Floor Area (GFA) making it one of the largest logistics real estate developments in Japan.  Strategically located at the port of Osaka just 15-minutes drive from Osaka CBD and 40-minutes from Kansai International Airport, the two double-ramped distribution centers at Nanko are targeted for delivery in 2016 and 2018.  Redwood Higashi Osaka DC is designed as a 5-storey warehouse with a total GFA of over 150,000 m2.  Construction is to commence October 2015 and completion by end of 2016.  Its location at the confluence of the Meihan, Kinki and Hanshin highways provides excellent access to each of Osaka CBD, neighboring Kyoto, Nara, Wakayama and beyond to Nagoya.

As with all Redwood Japan projects, the construction design of both is set to best international practices, including highly efficient movement of goods with access for vehicles to each floor and a prioritization of safety and sustainability.  The developments will feature seismic resistant structures to the newest standards and back-up generators to ensure safety and security while providing business continuity to customers at all times.  With the environment as a priority, the facilities are to include water saving devices, energy efficient lighting and the installation of three of the larger rooftop solar photovoltaic (PV) plants in Japan yielding a combined generation capacity up to a full 8 megawatts of clean energy for use in the metro area.

The Redwood senior management for over 15 years has been building prime distribution centers in Osaka, second only to Tokyo as the largest logistics market in Japan. With a population of circa 24 million and known as a major global manufacturing center of the electronic, machinery, chemical and pharmaceutical industries, greater Osaka has an estimated annual GDP of US$800 billion in one metropolitan area and has for centuries played a pivotal role both in Japan’s import/export and domestic distribution of goods.

Charles de Portes and Stuart Gibson (President and CEO respectively), made this joint comment: “We are thrilled to announce these developments in Kansai of significant scale.  Each is carefully located and designed to service with efficiency, safety and environmental sensitivity the logistics needs of our domestic and international clients.”

Japan Managing Director, Hideaki Matsunami and Business Development Director, Atsushi Maeda added: “Underlining the strong demand in the region, the vacancy rate for industrial and logistics properties in the Greater Osaka region is at an all-time low of 0.4% compared to Greater Tokyo of 3.8%, making it difficult for firms to find enough quality space to meet their needs.  Given the high visibility of both projects coupled with shortage of supply, we are honored that prospective tenants have been proactively contacting us about both locations.”

Redwood also commenced construction on its Chibakita DC, strategically located in Chiba Prefecture, one of the most important distribution regions in Greater Tokyo. The area is known for its industrial concentration and offers opportunities to meet rising demand for domestic distribution from both retail and e-commerce customers. The development project will have a gross floor area of 36,944 m2 built on a land site of 18,622 m2. The 4-storey build-to-suit facility for DAIWA Co. Ltd. is scheduled to be completed end March 2016.

About The Redwood Group

The Redwood Group (Redwood), founded in 2006 by Charles de Portes and Stuart Gibson, is operated by senior local professionals in Singapore, Japan and China.  Redwood, along with its significant global institutional investor partners, invests in, develops and manages logistics real estate in the largest metropolitan areas of Asia most tied to and growing fastest with global trade.

The senior officers of Redwood, considered pioneers in the development in Asia of international investment quality logistics platforms, have executed more than US$ 5 billion of logistics real estate investments in the region since the late 90s, and several million m2 of developments and acquisitions in the product class while providing high quality distribution space for some of the largest end users and logistics service providers operating both within Asia and around the world.  Redwood is a strategic partner of the international investment firm founded and chaired by Sam Zell, Equity International.  Additional information about Redwood may be found at: www.redwoodgroup.com and about Equity International on www.equityinternational.com

Contacts

Redwood Osaka Leasing:

Masatora Matsumoto    
mmatsumoto@redwoodgroup.com

Taro Inoue                   
tinoue@redwoodgroup.com

Redwood Investor Relations:                         

Pierre-Alexandre Humblot         
phumblot@redwoodgroup.com

Redwood Corporate Media Relations:

Emma Larsson
elarsson@redwoodgroup.com

+65-6232-2109

Photo – http://photos.prnasia.com/prnh/20150327/8521501979

Kerry Logistics’ FY2014 Core Net Profit up 10% to HK$976 million

Solid Growth in All Segments Driven by Successful Business Integration

HONG KONG, March 26, 2015 /PRNewswire/ — Kerry Logistics Network Limited (“Kerry Logistics” or  together with its subsidiaries,  the “Group”; Stock Code 636), a leading logistics service provider in Asia, today announced the Group’s annual results for 2014.

Group’s Financial Highlights

  • Turnover increased by 6% to HK$21,115 million (2013: HK$19,969 million)
  • Core operating profit increased by 14% to HK$1,612 million (2013: HK$1,413 million)
  • Core net profit increased by 10% to HK$976 million (2013: HK$886 million)
  • Integrated Logistics (“IL”) business achieved a 12% increase in segment profit to HK$1,409 million (2013: HK$1,258 million)
  • International Freight Forwarding (“IFF”) business recorded a 11% increase in segment profit to HK$378 million (2013: HK$342 million)
  • All segments recorded improved margins in 2014
  • Full-year dividend payout ratio increased to 24% (2013: 21%)
  • Final dividend of 8 HK cents per share recommended

William MA, Group Managing Director of Kerry Logistics, said, “2014 was a year of consolidation and integration for Kerry Logistics. Through organic growth, investments and strategic acquisitions, we continued to expand our operating scale, strengthen our service capabilities and extend our network coverage during the year. Resources were deployed to integrate newly acquired businesses into our existing network and system, enhancing service offerings and increasing efficiencies. These efforts produced double-digit growth in both our core operating profit and core net profit, as well as improved margins in all our business segments.”

Expanding Scale through Continued Investments

The Group continued to enrich its logistics facility portfolio during the year. As at 31 December 2014, it managed a logistics facility portfolio of 45 million square feet, of which 23 million square feet were self-owned.

In Mainland China, the Group completed the development of two new logistics centres in Zhengzhou and Kunshan, and commenced construction of two other facilities in Chengdu and Xi’an, adding a total of 1.6 million square feet of logistics facilities to its portfolio in the country. It also purchased a parcel of land with a site area of 728,000 square feet in Shanghai for the development of a new flagship facility of 1.1 million square feet to cope with the expansion of its IL business in the city.  Upon completion, it will be the largest logistics facility of the Group in Mainland China.

Within ASEAN, the Group has been building new facilities in Thailand to capture rising opportunities in this dynamic market. Phase 2 of the new logistics centre in Rayong was completed during the year.  Phase 1 of the Kerry Bangna Logistics Centre is currently under construction and will serve as a new sorting centre for Kerry Express and a fulfilment centre for e-commerce customers upon completion.  In addition, the Group added a new warehouse and a new Inland Container Depot in Kerry Siam Seaport to develop the port into a key cargo gateway for the growing trade in the region. In Cambodia, the Group is planning to construct a 160,000 square feet bonded warehouse on its newly acquired land at a Free Trade and Special Economic Zone in 2015.

Enhancing Capabilities by Service Scope Extension

In 2014, the Group’s IL segment maintained solid growth on the back of expanding network and coverage in Greater China and ASEAN countries, with more higher-margin value-added services and new customer wins. The Group’s logistics operations achieved a segment profit margin of 10% in 2014. Turnover and segment profit of the logistics operations in Hong Kong also increased by 22% and 28% year-on-year respectively.

In Hong Kong, the Group launched Kerry Pharma to tap into the ever-growing pharmaceutical and healthcare market by setting up a brand-new GMP compliant secondary packaging facility and obtaining the WHO GDP certificate for the provision of warehousing, distribution and secondary packaging services for pharmaceutical products.  It also expanded into the automotive sector in Hong Kong and was appointed to provide parts logistics services to several internationally renowned automotive brands. Across the Taiwan Strait, the Group has built a service network supported by ten service hubs that covers the whole island, and became the only logistics company attained SGS WHO GDP international quality accreditation as well as GDP from the Taiwan Food and Drug Administration. 

Riding on the success of the fast-growing Kerry Express (Thailand), the Group took further steps to build an ASEAN-wide regional express platform through acquiring a local express company in Cambodia and expanding the business into Singapore, Malaysia, Indonesia and the Philippines.  To strengthen its ASEAN-wide cross-border road transportation network, Kerry Logistics took full control of the KART business in Malaysia and Thailand, further integrating the operations in the two countries into its KART network. The Group also formed a new joint venture with shareholders of PT Puninar Saranaraya, one of Indonesia’s largest logistics companies, in March 2015 for growth of IL business in Indonesia.

Extending Coverage through New Market Expansion

During the year, the Group restructured its business in Europe which contributed to satisfactory results in tandem with the gradual economic recovery in the region. As part of the Group’s long-term IFF strategy to build a global network across six continents, it has also expanded the reach and capacity of its IFF business through acquisitions and the formation of new joint-ventures in the Middle East, Canada, New Zealand and Senegal. The stable growth of the IFF business was accompanied by increased profitability and volume. While the segment profit increased by 11%, the segment profit margin rose to 3%, bringing it closer to the international average.

Hong Kong Warehouse — Unlocking Asset Values and Maximising Returns

Kerry Logistics’ Hong Kong warehouse portfolio comprised nine warehouses with a combined GFA of 5.1 million square feet. It maintained nearly full occupancy with segment profit margin increased to 59.7% and achieved double-digit growth in rentals for successful contract renewals. The Group expects to see continuous stable growth from this business riding on its 9% growth in segment profit in 2014.

In a bid to unleash the potential of its facility portfolio and to address actual community needs, the Group submitted an application to the Town Planning Board of Hong Kong in the first quarter of 2015 to convert one of its Hong Kong warehouse facilities into a columbarium. Subject to approval, the investment, excluding land premium to be paid to the government, is estimated to be around HK$2 billion.

George YEO, Chairman of Kerry Logistics, said, “The integration of China’s economy with its neighbours is a major trend seen by the increasing intra-Asian trade and growing cross-border logistics.  The combined economy in the region is becoming the central growth pole in the world.  With our unique position as ‘Asia Specialist, China Focus, Global Network’, we aspire to be a major logistics provider for the new Silk Road. We will continue to grow our IL and IFF businesses through continuous improvements in operating efficiencies, service offerings, network coverage, and securing suitable acquisition opportunities in target markets. Our extensive exposure in the region and a broader international customer base will enable us to ride economic cycles and sustain long-term growth to reward our shareholders.”

About Kerry Logistics Network Limited (Stock Code 636)

Kerry Logistics is a leading logistics service provider in Asia with extensive operations across Greater China and other countries in the region. It is principally engaged in the integrated logistics and international freight forwarding businesses and currently has more than 550 office locations in 39 countries and territories. By managing 45 million sq. ft. of logistics facilities, it provides customers with reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Hong Kong Stock Exchange. For more information, please visit www.kerrylogistics.com.