M'sian Webcaster Asiaonair triples revenue
Chief executive officer David Yong said things were looking up for the company, adding revenue is expected to increase significantly when the streaming media and solutions provider expands its wings to China, Singapore and Indonesia by early 2002.
Yong said Asiaonair's track record of clients and fair pricing of its solutions and services would help the company make an impact overseas.
The company's services include live and delayed Web casting services that enable corporate clients to broadcast their events on the Web as well as have pay-per-view applications which allow viewers to see Webcast events like concerts, sports.
Asiaonair, Yong added, is already profitable but did not reveal any figures, according to The New Straits Times.
For its planned inroads into Southeast Asia, Yong said Asiaonair is looking for a strategic partner with similar interests in broadband applications to help in its expansion.
He is betting that as broadband access becomes cheaper, there will be more applications, services and content for broadband networks.
"We expect this to grow into a huge business in the next five years and dominate what is now the media business. Digital convergence is inevitable and we will be conducting most of our communications, entertainment, information search and commerce transactions on broadband devices," Yong said.
He added Asiaonair had spent RM3.2 million (US$0.84 million) in the last 15 months to establish itself in Malaysia as well as to finance its initial expansion into Singapore and China.
Asiaonair's streaming content consists of 1,500 video clips in English and Mandarin, and about 60 international broadband content partners.