China MediaExpress Holdings, Inc. to Respond to Misleading and Inaccurate Allegations from Muddy Waters

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 denied the misleading and inaccurate allegations made in a recent report published by Muddy Waters. The Company announced that it would, as soon as possible, issue a public statement to refute these defamatory remarks and that it expected to be in a position to provide a thorough and detailed response within the next few days, notwithstanding Muddy Water’s apparently strategic decision to release its “report” at the outset of the Chinese New Year.