In addition to Soft Venture, the Company has recently acquired a controlling interest in five companies that provide a total solutions framework and will contribute significantly to the consolidate earnings of Datamat.

These companies include:
• E.T. Communications (“ET Com”)
• Datamat DBA (“DBA”)
• Definitely Corporation (“Def Corp”)
• Image Technology (“Image”)
• Datamat Education Company Limited (“Datamat Education”)
• Soft Venture

Financial information

Due to the acquisitions in 2002, the Company expects consolidated profits and revenues to increase substantially in 2003. Future revenues and profit are expected to rise significantly as the business execute their growth strategies.

Future Growth

The Company expects to grow by concentrating on the systems integration and software side of the business. The Company has developed a long-term strategy to achieve this growth and includes:

  • Datamat – Increase its focus on large government systems integration projects and large financial/banking accounts. Focus on providing all types of PCs and PC related products from multi-vendors in order to build a base for future products with its clients.
  • Open Computing Technology – Focus on expanding not just its Sun Microsystems hardware, but also it’s the Sun Microsystems software and related products.
  • Definitely Corporation – Leverage its unique process software among manufacturing and industrial facilities.
  • Datamat DBA – Because of its strong alliance with Oracle and Sun Microsystems, the potential for this project is significant. Initial penetration of their product in Asia is just beginning and has shown promise while its launch in the U.S. is to begin in October 2003
  • Image Technology – As a document processing subsidiary, this firm intends to grow its business by concentrating on government accounts which have already pledged to streamline its operations due to the Prime Minister’s initiatives.
  • ET Communications – Currently expanding its systems integration business into the Malaysian government sector as well as large telecommunications companies in Malaysia. In the future, ET Communications expects to extend its reach into the Asia-Pacific region
  • Soft Venture – This particular subsidiary houses the many different and successful proprietary software programs for the Company’s clients in the financial, banking, and financial sectors. Leveraging off this base of customers and its software, the firm expects to develop further customized programs for its existing and new clients. The Company believes that the potential for their product is significant and will provide extensive revenue growth with high margins.
 
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