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Letter to the Editor

NeoMedia to Distribute PPG Auto Refinish Products in China

NeoMedia President and CEO Charles T. Jensen said his company will distribute to Beijing Sino-US Jinche Yingang Auto Technological Services Limited (Jinche Yingang Automobile Co.), a joint venture based in Beijing, which operates under the laws of the People's Republic of China. Based in Beijing, Jinche Yingang specializes in automobile sales, financing, insurance and repair.

Mike Horton, general manager for PPG Auto Refinish Asia Pacific, said he and his company are "excited to be involved in this new venture and look forward to working closely with NeoMedia."

"China continues to offer real growth opportunities in the Automotive Aftermarket," said Horton. "Choosing the right distribution partners is key to capturing those opportunities, we are confident we have made a good choice with NeoMedia."

"The automotive aftermarket in China is in its relative infancy," Jensen said. "We believe it presents a world of opportunity to NeoMedia and everyone now getting involved.

"Gaining the confidence and distribution business from PPG, a known and respected worldwide leader in auto refinishes as well as a variety of technology-based products and services, allows NeoMedia to step to the fore in presenting our wares and credentials to this market.

"Pang Gui-San, the chairman and CEO of Jinche Yingang, has personally expressed his excitement about offering the prestigious PPG Auto Refinish line through his service centers," Jensen concluded.

In addition to buying and using PPG Auto Refinish products from NeoMedia, Jinche Yingang will also serve as a non-exclusive distributor and user of NeoMedia's high technology Micro Paint Repair products and systems at its automotive service facilities throughout China.

NeoMedia Micro Paint Repair, Inc., is a business unit of NeoMedia Technologies, Inc. Formerly known as CSI International Inc., the company specializes in products and services for the worldwide micro paint repair industry, including a system and processes utilizing proprietary technology.

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