Broadband Media Company M2B World Reports Profitability for Fourth Consecutive Year.SINGAPORE & HOLLYWOOD, Calif. -- Records 11% Net Income for FY04 After Listing Expenses in US; Expands Into Japan Set-Top TV Market In its SEC filing on April 13th, 2005, Amaru Inc (Pink Sheets:AMRU) and its main operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. M2B M2B MathML to Braille (computer application) World Pte Ltd PTE LTD Private Limited (M2B World), have reported profitability after issuing the Group's full-year consolidated financial results ending December 31st, 2004. M2B World, a leader in the broadband entertainment arena, executed a reverse merger with Amaru Inc, an SEC registered company based in Nevada, on February 25th, 2004, resulting in M2B World becoming the accounting acquirer. For the year ending December 31, 2004, M2B World/ Amaru Inc reported profit after tax of US$512,295 on revenue of US$4,582,273 to record a net income of 11 percent. Compared to FY03, profit after tax grew from US$39,530 on revenue of US$1,005,743. "M2B World has consistently proven that our model works, and this is the fourth consecutive year of profits since the start of business in 2000," said Colin Binny, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of M2B World. "2005 is a significant year for us as we are continually expanding our capabilities internationally. We have now penetrated the Japanese market with new product additions and have simultaneously launched M2B World Inc in the heart of Hollywood." The Group is restructuring its operations in the next 12 months to drive its international expansion through its global network, which is comprised of the following subsidiaries: --M2B WORLD PTE LTD (SINGAPORE). Management and operations headquarters for the Group, and oversees Asia-Pacific markets. --M2B WORLD INC (USA) Located on Sunset Boulevard Sunset Boulevard is a street in the western part of Los Angeles County, California, that stretches from Figueroa Street in downtown Los Angeles to the Pacific Coast Highway at the Pacific Ocean in the Pacific Palisades. , West Hollywood West Hollywood A community of southern California northeast of Beverly Hills. It is mainly residential. Population: 36,600. , this subsidiary will oversee the Group's expansion into the US entertainment market. --M2B GAME WORLD PTE LTD (SINGAPORE) A wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. company of M2B World Pte Ltd to drive the Group's venture into online games in six countries. --M2B COMMERCE LIMITED (BVI) This subsidiary consolidates all e-commerce operations with plans to launch a new "e-bay" type platform. --CHINA REPRESENTATIVE OFFICE Set up in Shanghai for M2B World to handle the China market. In addition, the Company plans to expand further by setting up subsidiary companies in Canada, United Kingdom and Australia. M2B World enters Japan set-top TV market As part of its global expansion, M2B World announced that it has penetrated the Japanese market through a deal with United Power, a leading ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. in Japan, to launch 8 broadband channels delivered directly into homes through set-top boxes for television viewing. "Content for the 8 channels customized and designed to suit Japanese audiences are exclusively provided by M2B World," said Colin Binny, CEO of M2B World. "By year's end, 250,000 Japanese homes will be enjoying our video-on-demand programming streamed into their TV sets via voice-activated set-top boxes." The 8 channels provided by M2B World comprise a broad offering including: --Action movies --Romance & comedy movies --Horror movies --Glamour (Europe) --Glamour (Asia) --Glamour (Australia) --Lifestyle & Music --Sports, Health & Hobbies "We are very honored to be chosen as a partner to United Power," added Colin. "M2B World's entertainment content and programming is being used as a value-added feature in their efforts to drive adoption of broadband among Japanese households," Binny added. Available on a monthly subscription basis, the 8 broadband channels will become a key attraction on United Power's UPTV UPTV University of Pittsburgh Television internet broadband platform which uses an advanced set-top TV box featuring voice-activated commands to access M2B World's premier entertainment content as well as other programs on the UPTV menu like online shopping and karaoke karaoke (Japanese; “empty orchestra”) Use of a device that plays instrumental accompaniments to songs with the vocal tracks removed, permitting the user to sing the lead. . About M2B World M2B World Pte Ltd, a Company of Amaru Group USA, is one of the biggest players in the Broadband entertainment business. The company is the leading provider of interactive video-on-demand streaming and e-commerce over Broadband channels, Internet portals and 3G devices. To date, M2B World has launched multiple Broadband TV Broadband TV involves accessing multimedia content via an unmanaged broadband connection and viewing it on a PC or sometimes a normal TV. Broadband TV differs from IPTV as the network bandwidth is unmanaged and the system is inherently open. websites for entertainment, education and online shopping, with over 100 channels designed to cater to various consumer segments and lifestyles, both locally and internationally. Its content covers diverse genres such as movies, dramas, comedies, documentaries, music, fashion, lifestyle, edutainment Educational material that is also entertaining. (application) edutainment - Interactive education and entertainment services or software, usually supplied commercially via a cable network or on CD-ROM. and more. The company has established its edge in access to a wide range of content libraries for aggregation, distribution and syndication on Broadband and other media; sourced from major content players around the world. Its sales and marketing operations are headquartered in Singapore; with offices in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , USA and Shanghai, China. For the full range of M2B World broadband streaming channels and offering, visit us at www.M2BWorld.com. |
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