"The incorporation of Mobitech India is in line with the Group's overseas market expansion strategies to diversify and grow our revenue base. Our strong track record, our experience as market leader in Southeast Asia and our unique ability to pool international expertise with local insights have given us a competitive edge in the Asia Pacific region," commented En. Rafli Ridwan, Chief Marketing Officer and Vice-President, Business Development of Nextnation.

Mobitech India was incorporated on the April 24th, 2007, and received the certificate of incorporation on May 1st, 2007 from the Registrar of Companies for the National Capital Territory of Delhi and Haryana, India. The intended business of the company is the provision of mobile messaging technologies, mobile application platforms and mobile application software for wireless communication. The authorized share capital of Mobitech India is INR500,000 and the issued and paid-up share capital is INR100,000 divided into 10,000 ordinary shares on INR10 each.

The Telecom Regulatory Authority of India (TRAI) reported that 166.05 million mobile phone subscribers at the end of March 2007, registering an annual growth of 68% as compared to 98.78 million in March 2006. US-based consultancy and research agency, Zinnov, has forecasted that the value-added services (VAS) market within the mobile industry in India has the potential to grow to INR16,000 - 18,000 crore by 2010, contributing up to 20% of overall mobile revenue. The report also adds that the main drivers for this sharp growth will be mobile music and mobile gaming.

"With thriving investments in China, the Middle East, Singapore, Indonesia, Thailand, Vietnam and now in India, we are setting our sights at further opportunities. We see our foreign investments as a crucial and important part of our business and these large, dynamic and growing markets are instrumental for Nextnation's growth and revenue earnings. Currently, a substantial portion of our revenue comes from operations within Malaysia. We want the ratio to be 70% overseas contribution by the end of this financial year," added En. Ridwan.

Nextnation Communication‚ a mobile application service provider‚ enables businesses and individuals to access‚ connect‚ and transact across today's complex global mobile networks. Its core product MINDCEP™ Platform is a mobile multimedia communication platform‚ facilitating and enabling mobile data transmission worldwide using WAP‚ MMS‚ SMS and Java technologies. MINDCEP™ is connected to some of the largest premium messaging networks in the world in order to offer a broad range of services from content distribution to mobile m-commerce and place the company at the forefront of this rapidly growing messaging market. Additional news and information about the company is available at www.nextnationnet.com.