Bangkok--Mar 17--Siam PR. Consultant
Siam2you reports operational performance, enjoys 38% rise in profit in 2004
Success as result of being strong wireless value-added services provider with services appealing to mobile users
Siam2you Public Company Limited, a leading digital communications company announced performance in 2004 as it collected total revenue worth 120.96 million baht, up 44.95% over that of 2003. Profit before non-operating expenses was recorded at 32.95 million baht or 37.75% higher than that of 2003.
Mr. Niklas Stalberg, Chief Executive Officer of Siam2you Public Company Limited, said the company reported revenue during January 1 — December 31, 2004 worth 120.96 million baht, 44.95% increase over 83.4 million baht earned for the entire 2003. Profit before non-operating expenses was recorded at 32.95 million baht or 37.75% higher than that of 2003.
“Better performance was a result of wireless value-added services those satisfied the needs of consumers with the company so determined to develop special services to cater to the modern lifestyles, which demand vast information and various entertainment contents beyond the ordinary use of mobile phones. As the leader in digital communication, Siam2you is able to provide value-added services those supported by over 97% of the handset models available in the market. We expected to continue the growth while expanding the customer base to catch up the increasing number of users. This year the company will also be listed on the MAI to bolster its position and maintain market leadership,” he said.
Siam2you is predicted to maintain growing performance in 2005 with projected revenue of 177 million baht or 49% rise over that of the previous year. The proposal to float new shares to the public is currently under consideration by the Securities and Exchange Commission (SEC). “The company plans to offer 13.69 million shares or 33.44% of its registered capital to the public during the initial public offering (IPO), of which 10.23 million are newly issued shares, while 3.46 million shares are from the existing shareholders. The share price has yet to be determined and the company is expected to appoint underwriters for the IPO this April,” he concluded.
About Siam2you
Siam2you Public Company Limited is a digital communications company that offers demand driven solutions based on wireless and Internet technologies to both consumers and consumer oriented corporations. Siam2you operates two divisions with the Wireless Division developing, combining, and distributing Wireless Value Added Services (VAS) under the Siam2you brand name to end consumers. The Siam2you Interactive Solutions Division is a gateway to consumer oriented corporations, offering customized Interactive consulting services and digital advertising solutions that enable communication with wireless and Internet users, and includes a Design & Development Business Unit and New Media Business Unit. For more information visit www.siam2you.net
For more information please contact:
Songkram Kingklang or Jatupon Siridech
Siam PR. Consultant Co., Ltd.
Tel. 0 2693 7835 — 8 ext. 39 or 40
Fax. 0 2693 6920 End.