2007'02.01.Thu
Nextnation Begins Process of Marking Strategic Acquisitions to Strengthen its Presence in China
PR
April 10, 2006
BEIJING, April 10 /Xinhua-PRNewswire/ -- Global mobile
multimedia Application Services Provider (ASP), Nextnation
is in the process of marking strategic acquisitions to
strengthen its presence in China.
"Acquisitions are the fastest mode of entry into
the regional markets. We are at an advanced stage of
negotiations with a company in China and we are probably
going to do an acquisition within months," said Sally
Peh, Corporate Finance Manager of Nextnation.
Sally said Nextnation also intended to form joint
ventures with several international technology and venture
companies to involve in a number of partnership and
acquisition projects.
The global market for cell phone premium content,
including music, gaming and video, is expected to expand to
more than $43 billion by 2010, rising at a compound annual
growth rate of 42.5 percent from $5.2 billion in 2004,
according to iSuppli Corp.
About Nextnation
Nextnation, 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(TM) Platform is a mobile
multimedia communication platform, facilitating and
enabling mobile data transmission worldwide using WAP, MMS,
SMS and Java technologies.
MINDCEP(TM) 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
http://www.nextnationnet.com .
For more information, please contact:
Sally Peh,
Corporate Finance Manager,
Nextnation Network
Tel: +603-7494-4839
Email: pr@nextnationnet.com
SOURCE Nextnation Network
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