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KUALA LUMPUR, 30 October 2007 – Nextnation Communication Berhad (Nextnation) has been busy expanding. The success the Group has been enjoying in Malaysia has been extended into other overseas markets, such as Thailand, China, India, Indonesia, Vietnam, Thailand, and in the Middle East into the Kingdom of Saudi Arabia, Iraq, Kuwait, Palestine, Jordan and Lebanon.

During the year ended 30 April 2007, the Group recorded a total revenue of RM100.3 million, which is a 49% increase over the 2006 revenue. In the Annual General Meeting held today, Nextnation’s Chief Executive Officer, Mr. PY Tey said that this is largely a result of the favourable global telecommunications environment and the expansion in Nextnation’s overseas operations.

The net profit of RM16.9 million was only slightly more than the record of RM16.7 million last year. Mr. Tey explained that this was due to the startup cost for expansion in their overseas operations, higher operating expenses, system upgrades and improvement, and allowance for doubtful debts.

Some of the overseas operation should be turning round the corner after the end of their gestation periods and together with the system upgrades, Nextnation is optimistic that they will be able to generate more revenue in the coming year.

Nextnation’s business strategy remains staying ahead on the front wave of technology advances by increasing effort and investment in new and emerging technologies. The Group will also continue to harness their current portfolio of products and services to cater for different markets at various stages of development, and to diversify its revenue stream.


About Nextnation

Nextnation is a leading end-to-end mobile multimedia Application Services Provider (ASP) that provides one-stop mobile and wireless solutions to the corporate and consumer markets. Together with leading mobile operators in the region, its proprietary MINDCEP platform supports thousands of content developers and distributors throughout the world. Its cutting edge community based mobile gaming platform, FunlogiX, provides a full-fledged suite of gaming services and extends the mobile phone or device from being simply a communications tool into a highly complex entertainment machine.