VisionChina Media Inc. has announced its unaudited financial results for the second quarter ended June 30, 2010.

Total revenues were $31.8 million, an increase of 3.3% from $30.8 million in the second quarter of 2009 and an increase of 36.0% from $23.4 million in the first quarter of 2010.

Operating loss was $95.5 million due to a non-recurring, non-cash impairment charge of $89.1 million, as the result of a write-down of goodwill and intangibles associated with three of the six agencies acquired by the Company in 2008.

As of June 30, 2010, the VisionChina Media’s advertising network covered 23 cities and included 125,269 digital displays on buses, subway trains and platforms as well as other platforms.