-- New media player reports record profit for FY09
-- Promising start after change of business direction
-- Strong position to fulfil company goal to become Asia's leading new
media company
SINGAPORE, June 5 /PRNewswire-Asia/ -- Infinio Group Ltd (Infinio or the Group), a new media technology and solutions provider, reported a net attributable profit of S$2.2 million for the full year ended 31 March 2009 (FY09). This marked the first profit filing for the Group in six years.
The encouraging results came on the back of the Group's recent change of business direction into the new media industry, following the acquisition of the entire issued ordinary share capital of Broadband Network Systems Ltd (BNS), a leading provider of IPTV content and technology solutions.
Mr Paul Ng, the CEO of Infinio, said: "On behalf of the new management team, I am very pleased to report such a positive result to our shareholders. Combining a bright industry outlook with an already well populated sales pipeline for the months ahead, I see this result as a harbinger of a very bright year 2009."
Infinio's new business direction is centred on communication, content and commerce that are fuelling the rapidly growing new media industry. Anchored by the company's wholly-owned IPTV solutions provider Broadband Network Systems Ltd (BNS), Infinio aims to become Asia's leading new media company.
ABOUT THE COMPANY (SGX Sesdaq listing: April 2003)
Headquartered in Singapore, Infinio Group Ltd. (Infinio or the Group) focuses on communication, content, and commerce in the new media arena. Through wholly-owned Broadband Network Systems Ltd (BNS), the Group offers IPTV-based content and technology solutions for broadband service providers and enterprises.
BNS has a solid track record and reputable client base includes major telecommunication companies such as Chunghwa Telecom, Hanaro Telecom, PCCW and Telekom Malaysia, as well as other leading groups including China Airlines, Cisco Systems and Nokia.
In November 2008, Infinio entered the new media space when its wholly-owned subsidiary Travel Point Inc inked a revenue-sharing agreement with AsiaTravel.com to market worldwide hotel room nights and air tickets through Pomoho.com, one of China's largest online social networking websites.
Over the longer term, Infinio's vision is to become Asia's leading new media company encompassing online, e-commerce and interactive advertising.
FOR FURTHER ENQUIRIES
Mr Keith Wong
Infinio Group Ltd
Tel: +65-6336-2338
Email: keithwong@infiniogroup.com
Ms Anke Gill
Broadband Network Systems Ltd
Tel: +852-2180-9918
Email: agill@bnsltd.com
Mr Tan Kai Yuan
Oaktree Advisers
Tel: +65-9746-6415
Email: kaiyuan@oaktreeadvisers.com
Ms Eline Oh
Oaktree Advisers
Tel: +65-9839-0263
Email: elineoh@oaktreeadvisers.com
Other media releases on the company can be accessed at
http://www.oaktreeadvisers.com
