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Revision to the Plan for the Utilisation of Proceeds Raised Pursuant to the Flotation of Nextnation |
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Nextnation Communication Berhad (“Nextnation” or “Company”) Revision to the Plan for the Utilisation of Proceeds Raised Pursuant to the Flotation of Nextnation on the MESDAQ Market of Bursa Malaysia Securities Berhad (“Revised Utilisation”) On behalf of the Board of Directors of Nextnation, Public Merchant Bank Berhad (“PMBB”) wishes to announce, on behalf of the Board of Directors of Nextnation that the Securities Commission (“SC”) had via its letter dated 16 May 2006, which was received on 18 May 2006, approved the Revised Utilisation as stated below. | Previously disclosed utilisation schedule | Revised utilisation schedule | | Utilisation | RM'000 | % | Utilisation | RM'000 | % | | Capital expenditure | 4,000 | 16.03 | Capital expenditure | 1,000 | 4.01 | | Working capital | 2,060 | 8.25 | Working capital | 5,118 | 20.50 | | R & D expenditure | 4,800 | 19.23 | R & D expenditure | 4,800 | 19.23 | | Advertising and promotions | 7,500 | 30.05 | Advertising and promotions | 7,500 | 30.05 | | Overseas expansion | 4,800 | 19.23 | Overseas expansion | 4,800 | 19.23 | | Estimated lisitng expenses | 1,800 | 7.21 | Estimated lisitng expenses | 1,742 | 6.98 | | Total | 24,960 | 100.00 | Total | 24,960 | 100.00 | This announcement is dated 18 May 2006.
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Suppliers / Partners |
Software developer, media, entertainment, retail, consumer products, content developers & owners, corporates and government agencies. Provide your customers with mobile enabled applications, tools and contents. We will take care of all the hassles of mobile connectivity, billing and reports.
Mobile Services:
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Reseller Agents |
We are looking for people that integrates; mobile services, plug & play mobile CRM, and content management applications; with their business to be agents of our award winning products.
Solutions Covered:
Reverse billing, SMS premium charging, bulk SMS, mobile application development, Content hosting, marketing & consulting services.
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