GLOBAL IMAGING COMPANY BOOSTS ASEAN PRODUCTION KUALA LUMPUR, Malaysia, November 12/MediaNet International-AsiaNet/-- A global computerised imaging company which established its Western Pacific regional headquarters in Australia four years ago opened a second facility in Malaysia today to boost production capa Two years of cooperation between Metromedia Technologies Inter-national Inc (MMT) and the Malaysian government has culminated in the official opening of a multi-million ringgit production facility by Minister of International Trade and Industry, Dato Seri Rafida MMT's facilities near Brisbane and Kuala Lumpur now jointly supply billboard images to the outdoor advertising industry in 30 countries throughout the Western Pacific and Indian sub-continent regions. According to Simon Peeke, Director of MMT (Malaysia) Sdn Bhd, the US company's investment in Malaysia was supported by the government's commitment to foreign direct investment and technology transfer, as well as its leading role in ASEAN and APEC. Minister Rafidah Aziz signed an agreement last month to further promote economic growth through trade at an ASEAN meeting in the Philippines. Peeke says "Malaysia encourages capital intensive, export-oriented and hi-tech industries, creating a business environment which suits our operation. "As the volume and value of Australian export markets has doubled in four years, we established a sub-regional operating hub in Malaysia to significantly increase production capacity and offer clients faster turnaround times. "We also have the added advantage of tariff cuts under the ASEAN Free Trade Area. "The outdoor medium is on the rise in the US, Australia, India and China; and in Asia a strong growth trend presents business opportunities in spite of the region's economic crisis," says Peeke. MMT's production facilities in the US, Europe, Australia and Malaysia supply 120 markets worldwide. Images from http://aapimage.aap.com.au and www.mmtglobalwp.com/media.htm. Contact Renate Barlow at Mastermind Communications on Tel 61 7 5529 5285, Fax 61 7 5529 5286 or email [email protected]