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Netnetnet.tv announces the acquisition and formation of Netnetnet.tv (Asia)
Geneva (ots) - 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 agreements.
The above moves are seen as extremely positive for Netnetnet.tv in terms of becoming a global player in the out-of-home media advertising market.
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