Bangkok--16 May--Hill & Knowlton Gaysorn Shopping Centre today announced a first quarter year-on-year revenue growth of 12 per cent, while forecasting a 15 per cent 2008 second quarter increase driven by its ‘luxury iconic event’ strategy exemplified by the upcoming ‘GAYSORN THE ART OF TIME’, and its End of Season Sales Special. Both activities are expected to increase customer traffic by around 20 per cent. Mr Charn Srivikorn, Chairman of Gaysorn Land Asset Management Company Limited said, “Gaysorn is aware of the increasing interest among its discerning customers in products and services that reflect a truly luxurious lifestyle and we are responding with ground-breaking initiatives such as the upcoming GAYSORN THE ART OF TIME exhibition which for the first time in Bangkok marries beautiful timepieces from the world's leading watchmakers with masterpieces from the world of art. To ensure success of this unique event we have set aside more than 10 million baht for marketing and public relations activities. “Thailand’s estimated 10 billion baht luxury watch market is forecast to show a 20 — 25 per cent yearly increase with new products continuing to be launched in an increasingly competitive market in Thailand. Pioneering concepts such as GAYSORN THE ART OF TIME, will bring together prestigious timepieces and renowned works of art to set new standards in the art of luxury living while further enhancing the shopping experience that is uniquely Gaysorn," Mr Charn added. The GAYSORN THE ART OF TIME exhibition will feature extensive historical collections of time pieces by world class watchmakers including Jaeger-LeCoultre, IWC, Vacheron Constantin, A.Lange & Sohne, Franck Muller, Panerai, Ferrari, Zenith, Breguet, Blancpain, Jaquet Droz, Glashutte, Omega, Audemars Piguet, Gerald Genta, Richard Mille, Daniel Roth, Max B?sser&Friends and MOCHA collection. And, for the first time in Thailand, original works by the great masters including Pablo Picasso, Pierre-August Renoir, Henri Matisse, Joan Mir? and Marc Chagall will also be on display. The exhibition will transform the Gaysorn ground floor into a stylish horological art gallery from 02 — 20 July 2008. Admission is free. For more information, please contact: Wachiraporn Pornpityalert Saowapa Sukuntee / Pishnu Plaikaew Gaysorn Hill & Knowlton Thailand Tel. 0-2656-1516 ext. 302 Tel. 0-2627-3501 ext. 154 Fax. 0-2656-1533 Fax. 0-2627-3510 e-mail : [email protected] e-mail : [email protected]