FOR
IMMEDIATE RELEASE
MULTIVISION ANNOUNCES LISTING
APPROVAL FROM THE SINGAPORE EXCHANGE
Singapore,
12 November 2002 - MultiVision Intelligent Surveillance
Limited ("MultiVision"), one of the leading
providers of digital video surveillance products and
solutions, today announced that it has obtained an eligibility-to-list
letter from the Singapore Exchange Securities Trading
Limited (the "SGX-ST") to list its shares
on the Official List of the SGX-ST.
Highlights
MultiVision intends to:
- List on
the SGX-ST subject to lodgement of the preliminary
prospectus with the Monetary Authority of Singapore
("MAS"), and registration of the final prospectus
by the MAS
- Establish its presence in Singapore
by setting up a regional sales and marketing office
- Strengthen its research and development
capabilities to facilitate development of new and
innovative digital video surveillance products and
solutions
Commenting on the SGX-ST's approval,
Dennis Li, President and Chief Operations Officer of
MultiVision said:
"We are delighted to have received
the eligibility-to-list letter from the SGX-ST. The
past year has seen a worldwide rise in demand for a
broad range of security products and services as businesses
become increasingly focused on minimising security related
risks. Although it is not yet an established market
for us, South-East Asia is one in which we are increasingly
focusing our efforts."
Key projects include the New South
Wales State Rail Authority in Australia, Chek Lap Kok
International Airport and China Light and Power Co Ltd
in Hong Kong, and Toddlerwatch/Seniorcarewatch systems
in the USA.
Future Plans
MultiVision's technology is core to
its future growth, which is why the company's research
and development is focused on integrating leading technologies
so as to develop innovative digital surveillance products
and solutions that meet the evolving requirements of
the various industries that they serve. In order to
penetrate new markets and enhance its geographical reach,
MultiVision intends to:
- Continue to invest in advanced
technology to maintain its competitive advantage
- Penetrate the airline and mobile
communications industries by:
- |
interfacing its
products with 2.5G and 3G technology to enable
surveillance with handheld devices; and
|
- |
providing onboard
surveillance systems that allow ground-based
staff to monitor activity in an aircraft |
- Explore strategic investments,
joint ventures and acquisitions as possible means
to expand product range and geographical reach
- Increase sales and marketing efforts
by attracting new distributors, OEMs and/or systems
integrators
- Increase revenues through the provision
of maintenance and/or surveillance services
For further information contact:
MultiVision Intelligent Surveillance
Limited Tel: + 852 2797 5678
Dennis Li, President and COO: dennis_li@multivision.com.hk
Gavin Anderson & Company Tel:
+ 65 6339 9110
Terence Foo: tfoo@gavinanderson.com.sg
Mobile: 9878-8787
Tan Ee Ching: etan@gavinanderson.com.sg
Mobile: 9795-8071
About MultiVision
MultiVision was established in 1986
and is a technology-based company principally engaged
in the design, development and distribution of digital
video surveillance products and solutions. The Company's
products are adapted for use in a diverse range of industries
including banking, residential, commercial, retail,
building management, healthcare, utilities and transportation.
The end-users of MultiVision's products include companies
in both the private and public sectors. MultiVision
is ISO9001 certified.
MultiVision's products and solutions
are marketed to distributors, OEM's of surveillance
products and systems integrators for integration into
the security and surveillance systems of its end users.
The Company's principal markets are in Australia, Hong
Kong, Taiwan and the PRC. In addition, MultiVision has
distributors in various countries including Ireland,
Israel, Latvia, the USA, Ghana, Singapore, Malaysia,
Thailand, New Zealand, Indonesia, UAE and Macau.
The MultiVision range of digital video surveillance
product offers digital video recording and real time
monitoring of multiple locations from a central monitoring
centre through the routing of signals from various cameras
to the central monitoring centre.
For further information see: www.multivision.com.hk
Management and Board of Directors
Executive Directors
Louis Mak
is the Chief Executive Officer and Chief Technology
Officer of MultiVision. He is responsible for the formulation
and implementation of business development strategies
and the management of operations. He also conceptualises
and directs the development of new products and designs
for end-users.
Mr Mak has over 34 years of experience
in the surveillance industry, including the management
of operations, sales and marketing, as well as design
and development of surveillance products. From 1967
to 1972, Mr Mak was a television transmission engineer
at Hong Kong Television Broadcast. He worked at Hutchison
Boag Engineering from 1972 to 1978 as an electronics
engineer, and was also responsible for the sales and
marketing of electronics systems such as CCTV, public
address and access control systems. In 1978, Mr Mak
founded the UniVision Group where he held the position
of Chief Executive Officer until 2000. Mr Mak holds
a certificate in Television Engineering from the University
of Hong Kong.
Dennis Li
is the President and Chief Operations Officer of MultiVision.
He oversees the sales and marketing efforts of the Group
and has 30 years experience in the Information Technology
industry.
From September 1977 to December 2000,
Mr Li worked at Unisys Asia where he held various positions,
the last being the Director of Systems and Technology,
Asia. Prior to joining MultiVision in September 2001,
Mr Li was the Managing Director for Asia of Quantum
ATL, which undertakes the sale of automated tape libraries.
Mr Li holds a Bachelor of Engineering from the University
of Hong Kong.
Non-Executive Directors
Terence Luk
was appointed Non-Executive Chairman in September 2002,
and has over 20 years of experience in the electronics
and network systems solutions industry. Mr Luk was a
sales executive at Olivetti (Hong Kong) for two years
from 1979. From 1981 to 1988, he worked at Conic Business
Systems Limited, NCR (Hong Kong) Limited and Sperry
Limited where he held the positions of Marketing Executive,
Senior Accounting Manager and Sales Manager respectively.
In 1986, Mr Luk joined the Unisys Group where he held
various positions, including Branch Director, Chief
Representative of Unisys Group's Beijing Operations,
Director of the Open Systems Division, General Manager
of Client/Server Systems and General Manager of Channel
Operations and the Eastern China Region. During his
employment with Unisys, Mr Luk received various awards
from the Unisys Corporation for his sales achievements.
From 1995 to 1996, Mr Luk was the
Country Manager for the PRC of Cisco Systems (HK) Ltd.
In 1996, he co-founded and was subsequently appointed
the Vice-Chairman of Technology Venture Holdings Limited,
a company listed on the Hong Kong Stock Exchange. He
is currently a Non-Executive Director of Technology
Venture Holdings Limited. From 1999 to February 2002,
Mr Luk also served as the chairman of ChinaCast Technology
(BVI) Limited, and was responsible for the strategic
direction of the group. He holds a Bachelor of Business
Administration from the Chinese University of Hong Kong.
Vincent Lin
was appointed Non-Executive Director and Deputy Chairman
in September 2002. Since July 1997, Mr Lin has been
the President of Azure International Incorporated, an
American company engaged in real-estate development,
venture capital and the transfer of international technology.
Between August 1998 and September 1999, he held the
position of American law consultant at the Formasa Transnational
Law Offices in Taiwan. In August 1998, he joined Reach
& Range Incorporated, a provider of Internet and
network performance services in Taiwan, as its Managing
Director. Since August 1998, Mr Lin has also been a
director of eSkylink Telecommunications Co. Ltd, a provider
of EDI/B2B solutions and services in Taiwan and the
PRC. From October 1999, Mr Lin has been the Managing
Director and Executive Vice-President of Goldsun Computer
& Communication Co. Ltd where he is the Executive-in-Charge
of the Corporate Investment and Development Division.
Mr Lin holds a Bachelor in Business
Administration from Georgetown University and has a
Juris Doctorate Degree from the University of California's
Hasting College of the Law.
Executive Officers
Mak Tin Sang
is MultiVision's Chief Financial Officer and oversees
the financial, accounting and corporate secretarial
matters of the Group. From July 1980 to March 1983,
Mr Mak was a member of the audit staff at Touche Ross
& Co and Ernst & Whinney, and then moved on
to Ka Wah Bank in March 1983 and left as a senior accountant
in September 1984. From September 1986 to January 1996,
Mr Mak worked at Unisys China where he was the Beijing
branch controller and contract and pricing manager for
the company's PRC operations. From January 1996 to September
1996, Mr Mak was Sun Microsystems of California Limited's
Regional Business Manager for the Hong Kong and Southern
regions. From October 1996 to July 2001, Mr Mak worked
at UniVision Engineering Limited where he held the positions
of Group Chief Financial Officer and General Manager
of Operations in the PRC. Mr Mak holds a Masters Degree
in Business Administration from the University of Sheffield,
UK and is a Fellow of the United Kingdom Chartered Association
of Certified Accountants.
Arthur Lim
is the Director of Marketing and Business Development
of MultiVision. He oversees the marketing and business
development programmes of the Group and has 16 years
experience in the Information Technology industry.
Between December 1985 and March
2000, Mr Lim held various positions in Sperry Singapore
Ltd, Unisys Corporation, Cisco Systems (HK) Limited,
Sun Microsystems China Limited and Ascend Communications
(HK) Limited. In April 2002, he was appointed Managing
Director, Emerging Carriers, Taiwan of Lucent Technologies
Asia/Pacific Limited following the acquisition by Lucent
Technologies of Ascend Communications. He was the Managing
Director of Indirect Sales, Taiwan when he left Lucent
Technologies in October 2001. Mr Lim holds a Bachelor
in Business Administration from the California State
University, Los Angeles, USA.
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