FOR IMMEDIATE RELEASE - Optegra Targets China Market

14 May 2007 - GLOBAL Soft (MSC) Bhd expects revenue contribution from its China operations to grow to 50 per cent, from 35-40 per cent last year, as it secures more jobs there.

The company recently won three projects with a combined contract value of 2.3 million renminb or RM1 million.

"These wins reflect the efforts that we have invested in since venturing into China two and a half years ago. These companies are big names in China's leisure and entertainment industry, and we are proud to provide our expertise in ticketing solutions," Global Soft executive chairman Datuk Low Kok Thai said.

The three projects are from Guangzhou Chime Long Group, Beijing OCT group and Suzhou Science and Art centre.

Low said the company was now committed to invest in research and development to come up with new products and increase manpower.

He was speaking at the signing ceremony of an exclusive distributorship agreement between Global Soft and mobile solutions provider Optegra Sdn Bhd yesterday.

Global Soft will be the sole distributor of Optegra's mobile ticketing solution, MobiTicket, using 2D-barcode technology in China. The technology addresses the problem of authenticity in mobile ticketing.

Optegra chief executive officer Luke Long said they were targeting the Beijing Olympics and Hong Kong Disneyland as potential opportunities for MobiTicket.

China has the world's largest communication market. As end of 2006, China had 461 million mobile customers. It is expected to hit 520 million by 2008.

(Extracted From NSTP, 14/5/2007)