Clear Channel Outdoor Brings Bike Sharing to Latin America with Program in Mexico City

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Company Continues to Pioneer Revolutionary Means of Public Mobility

Now Operating 14 Bike Sharing Programs around the World

PHOENIX--(BUSINESS WIRE)-- Clear Channel Outdoor Holdings, Inc. today announced that its Mexico division has launched its SmartBike sharing program in Mexico City, the first program of its kind in the country. It will be accessible from bike stations that Clear Channel Outdoor installs and maintains at 114 locations, convenient for commuters throughout the city. The initial phase of the bike program will start with a fleet of 1,100 bikes, and is designed to accommodate a gradual increase of up to 6,000 bikes at 400 stations.

"In recent years, the Mexico City government has taken steps to make the city more bicycle-friendly, and this new bike sharing program will offer residents a healthy, environmentally-safe transportation alternative," said Jorge Borobia, General Manager, Clear Channel Mexico.

With the addition of Mexico City, as well as another recently launched program in Kayseri, Turkey, Clear Channel Outdoor is now operating 14 bike sharing programs around the world. Over eight million trips have been taken on the bikes by a combination of more than 180,000 users globally.

In the age of environmental consciousness, Clear Channel's bike sharing programs provide an extremely efficient transportation alternative that is ecologically friendly. Based on the carbon emissions of an average car, the miles travelled on Clear Channel's SmartBike systems around the world have eliminated 1.23 million tons of carbon emissions worldwide.

"Our SmartBike systems are increasingly being recognized as a critical form of urban transport with the potential for dramatically reducing urban street congestion, while at the same time contributing to the protection of our environment. We are particularly excited about launching our first Latin American bike share program," said Paul Meyer, President and CEO of Clear Channel Outdoor for the Americas. "Over 72.5 million kilometers are traveled yearly through our bikes share programs, approximately the distance of 3,000 trips around the world!"

About Clear Channel Outdoor

Clear Channel Outdoor is the world's largest outdoor advertising company with close to one million displays in over 50 countries across 5 continents. In the United States, the company operates just under 200,000 advertising displays and has a presence in 49 of the top 50 Designated Market Areas. It also operates airport, rail, taxi and mall advertising businesses worldwide. Its Spectacolor (U.S.) and DEFI (international) divisions are the global market leaders in spectacular sign displays, including in New York's Times Square. Clear Channel Adshel is the company's international street furniture division, which operates over 3,500 municipal advertising contracts worldwide. Clear Channel Outdoor also operates digital displays and networks in most of its divisions. More information may be found by visiting www.clearchanneloutdoor.com. 


    Source: Clear Channel Outdoor Holdings, Inc.

Released August 14, 2009