Nextnation inked agreement to venture into Middle East

Nextnat has signed agreement with Tawasul Telekom (Saudi Arabia) via its wholly owned subsidiary, Usape Nelson Wireless Sdn Bhd. I believe this agreement will put more weight in content provider area.
Content provision is considered as low end products in mobile value added services as it is nothing special. Many companies can provide this as it does not incur high start-up capital. Just look thru the newspapers and magazines available in Malaysia, there are so many content providers!
However, I believe Nextnat will be able to take advantage of this partnership to introduce its technologies and other products into Middle East region. In other words, Nexnat continues its expansion plan with the venture into new market in the region. As I mentioned in my earlier blog, investors are not able to know the contribution from each business segments as the financial reports of Nextnat are at consolidated level where no further information and detail is available.
Meanwhile, Nexnat also partners with Buena Bista Columbia Tristar Films Sdn Bhd to offer free movie trailers for mobile phone via the Mobileklub WAP Portal. This may be the starting point for new content provision where movies will be hot items instead of ringtones and wallpapers only. This may lead big corporates such as banks and telcos to purchase video ring back tones from Nextnat. The growth oppurtunities are always there for Nextnat ...
Looking back at Q3 result, there is no suprise as everything was as expected. For the last Q that will due in June 07, I expect Nextnat to achieve net profit of RM6mil. The expectation may be a bit high but I think its achievable.