- Netnetnet.tv is pleased to announce that it has
acquired a business in Singapore for its move into Asia. That
business will be renamed as Netnetnet.tv (Asia) Pte Ltd.
We welcome the Managing Director of Netnetnet.tv (Asia), Mr
Lawrence Liaw, as the latest addition to our global team. The new
Netnetnet.tv (Asia) will be the Asian regional headquarters,
addressing the Asia Pacific portfolio.
Mr. Liaw, is an entrepreneur in the IT industry with 14 years of
experience and has graduated with a Masters Degree of Commerce from a
University in the United Kingdom. Lawrence recently set up Sandz
Solutions group, a regional Enterprise IT business solutions provider
with operations spanning across Singapore, Philippines, Malaysia,
Indonesia and China. Sandz was similarly acquired by a company
listed on the Singapore Stock Exchange in mid 2007. Lawrence was
also instrumental in bringing Quantum to South Asia by establishing
Quantum South Asia for Quantum Corp, an entity listed on the New York
Stock Exchange. Quantum is the world's largest independent supplier
of backup, recovery and archive solutions and devices.
Lawrence possesses excellent business acumen and management
expertise. He has also accumulated strong business connections in the
Asia Pacific region.
Netnetnet.tv (Asia) will be the research & development and
outsource manufacturing arm for the Netnetnet.tv group. The Asian
Sales operation will also add footprints for Netnetnet.tv's
international network of screens solutions.
Netnetnet.tv (Asia) believes that there should be a potential
installation of between 5,000 to 10,000 screens within the next 12 to
24 months. These potential installations would contribute substantial
revenue and EBIT from advertising for Netnetnet.tv Inc.
This initial impetus from Asia will add to our plans in Europe as
well as Central and Latin America. The team synergy in each country
works to the benefit of offering a greater exchange of information
and technology for future products and solutions development.
Again, Netnetnet.tv continues to work solidly to build up a
network in Europe, Asia and Latin America and will continue to
announce further contracts and letters of intent and joint venture
The above moves are seen as extremely positive for Netnetnet.tv in
terms of becoming a global player in the out-of-home media
This press release contains "forward looking" statements within
the meaning of Section 21A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934 as amended,
and is subject to the safe harbors created thereby. Such statements
involve certain risks and uncertainties associated with an emerging
company. Actual results could differ materially from those projected
in the forward-looking statements as a result of risk factors
discussed in Netnetnet.tv reports that will be on file with the US
Securities and Exchange Commission
ots Originaltext: netnetnet.tv Inc
Chief Executive Officer