Nation Multimedia Group's expansion drive starts on information superhighway
November 16, 1999

Nation Multimedia Group has registered a new company as part of a radical plan to consolidate its position as the leading content provider in Southeast Asia.

The group established Thai Portal Co., Ltd. last week. The company will oversee NMG's internet vision for the new millennium and is confirmation of the group's faith in an early economic recovery.

Sermsin Samalapa, who founded real estate information service provider mrhome.com and its call centre 1575, has been named president of the new company.

Mr Samalapa said Thai Portal was preparing to launch two distinct web portal services on the internet early next year.

One portal will be aimed at the global market and offer up-to-the-minute world news and trade information; the other will be geared towards Thai communities with detailed coverage of local news and issues.

In preparation for its global expansion commitment, Nation Multimedia Group recently signed an exclusive alliance deal with Bridge, a financial information service based in the US. The deal gives NMG the rights to represent Bridge in Asia.

Users of this service will have access to real-time quotes of share prices from every major stock market, as well as relevant forex and portfolio management information.

NMG's two portals will also feature state-of-the-art community websites such as pantip.com and offer a range of classified services such as mrhome.com, e-commerce including an e-book venture in association with Se-Ed Thailand.

NMG Chairman Thanachai Theerapatvong expressed his confidence in the Thai Portal investment, saying it would offer internet users a galaxy of new information and e-commerce choices.

Mr Theerapatvong said the investment NMG was making would allow it to assume "a leading regional role" as an internet, broadcasting, and publishing powerhouse early in the next century.

"By capitalising on the dynamism of the information industry and the global trend towards a knowledgeable society, we are looking at the next millennium with optimism and excitement," he said.

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