updated 2/3/2011 4:16:57 PM ET 2011-02-03T21:16:57

NEW YORK, Feb. 3, 2011 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against China MediaExpress Holdings, Inc. (Nasdaq:CCME) ("China MediaExpress" or the "Company") resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public between March 31, 2009 and January 31, 2011.

On January 31, 2011, analyst firm Citron Research issued a report alleging that China MediaExpress misrepresented its financial performance, business prospects, and financial condition to investors. On February 3, 2011, analyst firm Muddy Waters issued a report echoing Citron Research's allegations of fraud.

Citing a number of sources, the reports assert that the Company's revenues were substantially overstated and that the Company exaggerated the extent of its business operations. These disclosures of potential fraud concerning China MediaExpress caused the stock price to drop, damaging investors.

The Rosen Law Firm is investigating a securities class action lawsuit on behalf of China MediaExpress investors. If you purchased China MediaExpress stock between March 31, 2009 and January 31, 2011, please visit the website at http://rosenlegal.com for more information. You may also contact Laurence Rosen, Esq., or Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or jhorne@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

CONTACT: Laurence Rosen, Esq.
         Jonathan Horne, Esq.
         The Rosen Law Firm P.A.
         275 Madison Avenue 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Weekends Tel: (917) 797-4425
         Toll Free: 1-866-767-3653
         Fax: (212) 202-3827

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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