0001144204-11-020379.txt : 20110406 0001144204-11-020379.hdr.sgml : 20110406 20110406101641 ACCESSION NUMBER: 0001144204-11-020379 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110401 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110406 DATE AS OF CHANGE: 20110406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China MediaExpress Holdings, Inc. CENTRAL INDEX KEY: 0001399067 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] IRS NUMBER: 208951489 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33746 FILM NUMBER: 11742156 BUSINESS ADDRESS: STREET 1: ROOM 2805, CENTRAL PLAZA, CITY: WANCHAI, STATE: K3 ZIP: 00000 BUSINESS PHONE: 852 2827 6100 MAIL ADDRESS: STREET 1: ROOM 2805, CENTRAL PLAZA, CITY: WANCHAI, STATE: K3 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: TM Entertainment & Media, Inc. DATE OF NAME CHANGE: 20070509 8-K 1 v217512_8k.htm Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
______________
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported)  April 1, 2011
 
CHINA MEDIAEXPRESS HOLDING, INC.
(Exact Name of Registrant as Specified in Charter)

Delaware
 
001-33746
 
20-8951489
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
22/F Wuyi Building, 33 Dongjie Street Fuzhou, China 350009
 
N/A
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code:   +86 591 28377988
 
Room 2805, Central Plaza, Wanchai Hong Kong
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
Item 3.01  Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 4, 2011, China MediaExpress Holdings, Inc. (NASDA: CCME) (the “Company” or “CCME”), issued a press release, attached to this Current Report on Form 8–K as Exhibit 99.1, reporting that the Company received a letter on April 1, 2011 from The NASDAQ Stock Market indicating that it failed to satisfy the listing standard specified in NASDAQ Rule 5205(e) and, as such, its securities are therefore subject to being delisted from NASDAQ.  Specifically, the Company has failed to file its Annual Report on Form 10-K with the Securities and Exchange Commission on a timely basis.  The Company has appealed this determination and requested a hearing before a NASDAQ hearing panel.  There can be no assurance CCME’s request for continued listing will be granted.

A copy of a press release relating to the foregoing is attached hereto as Exhibit 99.1 and is incorporated in this Item 3.01 by reference.

Item 9.01. Financial Statements and Exhibits.

The following exhibit is furnished herewith:

99.1 Press release dated April 4, 2011
 
 
2

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  CHINA MEDIAEXPRESS HOLDINGS, INC.  
       
Date:  April 5, 2011    
By:
/s/ Zheng Cheng  
    Name:  Zheng Cheng  
   
Title:    Chief Executive Officer
 

 
3

 
EX-99.1 2 v217512_ex99-1.htm Unassociated Document
 
For Immediate Release


China MediaExpress Holdings, Inc. Receives Notification From Nasdaq


FUJIAN, China, April 4, 2011 -- China MediaExpress Holdings, Inc. (NASDAQ: CCME) ("CME" or "Company"), China's largest  television advertising operator on inter-city and airport express buses, reported today that the NASDAQ Stock Market (“NASDAQ”) has sent a letter to the Company to the effect that NASDAQ was exercising its discretionary authority under Listing Rule 5101 to suspend the Company’s common stock from trading on NASDAQ effective opening of business on April 12, 2011, subject to the Company’s right to appeal such determination to a hearing panel not later than April 8, 2011. The Company intends to appeal NASDAQ’s determination before such deadline.

- Ends -


About CME

CME, through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME 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 27,200 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
 
 
 

 
 
Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements include, but are not limited to statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this report may include, for example, statements about:
 
 
·
The Company's goals and strategies;
 
·
The Company's future prospects and market acceptance of its advertising network;
 
·
The Company's future business development, financial condition and results of operations;
 
·
Projected changes in revenue, costs, expense items, profits, earnings, and other estimated financial information;
 
·
The Company's ability to manage the growth of its existing advertising network on inter-city express buses and expansion to prospective advertising network on high speed railways;
 
·
Trends and competition in the out-of-home advertising media market in China;
 
·
Changes in general economic and business conditions in China; and
 
·
Chinese laws, regulation and policies, including those applicable to the advertising industry.

CONTACT: China MediaExpress, Investor Relations Department, ir@ccme.tv