Bangkok--18 Aug--124Communications JMART- recently announced plans to offer 75 million IPO shares to expand business and pay off short-term debt. It has set a target to start trading on the SET in Q3 this year. Mr. Adisak Sukhumvitaya, CEO of Jay Mart Public Company Limited which is Thailand’s leading mobile phone distributor and dealer, announced that the company will hold an initial public offering (IPO) of 75 million shares with Asia Plus Securities Public Company Limited as a financial advisor and lead underwriter. It is expected that the offering and the listing will take place within third quarter this year and the funds will be used to expand the company’s business and repay short-term loan. Jay Mart is one of the leaders — if not the leader- in Thailand’s mobile phone dealership and distribution industry with a nationwide network of 191 shops offering a whole range of mobile phones and accessories and covering the largest number of brands such as Nokia, Sony Ericsson, Motorola and Samsung. The company has been the distributor of Sony Ericsson and Motorola since 2006. Furthermore, to effectively manage its network, JMART has also expanded into retail management — IT junction and Jvenue. Additionally, the company has also established a subsidiary, JMT Network Services Company Limited, which is Thailand’s leading debt collection management company with a professional workforce of 380 who manage and collect over Baht 10 billion of debts each year. “Since both debt collection and retail management are related and complement the core business, they have significantly contributed to the growth of the company,” says Mr. Adisak. Jay Mart’s registered capital currently totals Baht 300 million at 1-baht par value to the 300 million shares with Baht 225 million paid up. Of the 75 million IPO shares, 60 million will be offered to the general public while 7.5 million shares will be set aside for directors and employees and the rest for supporters. In 2007 the company’s revenues increased to Baht 5.897 billion compared to Baht 5.192 billion in 2006 or a jump of 13.6% which resulted from adjustment and expansion of the company’s business during 2006-2007 with mobile phone sales increasing at both retail and wholesale levels. “Although maintaining leadership is more challenging than becoming one, JMART has successfully held this position because of its clear direction, right strategy and the dedication of both Jay Mart and JMT teams. It is for this reason that the company posted a net profit of Baht 57 million in the first half of this year which is as much as 27% increase compared to the same period last year,” concludes Mr. Adisak. Ms. Pornpimol Damrongsiri, Executive Vice President of Asia Plus Public Company Limited which is Jay Mart’s financial advisor, said this is an interesting stock to invest in because of its solid financial base, large retail network, unique marketing strategies and competent management team. While Jay Mart has announced that it will be holding the subscription to its 75 million IPO shares at Baht 1 par value, the IPO price has yet to be set. However, Asia Plus believes that this will be very reasonable and attractive. The IPO price will be calculated base upon the market and peers in order to assure investors that they will be investing in a solid stock which has good growth and a promising future. For more information, please contact: Kachaphob 124Communications PCL. Tel: 02-662-2266 Email: [email protected]