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New Medium Enterprises Agrees to Buy Controlling Interest in MPEG Technology Company LTD., a Profitable Electronic Development and Trading Company in Hong Kong, to Strengthen Its South East Asian Presence.

Publication: Business Wire
Publication Date: 18-APR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LONDON -- New Medium Enterprises, Inc. (NME) (OTCBB:NMEN) entered into a Memorandum of Understanding with MPEG Technology Company LTD., (MPEG) to buy a controlling stake in it. The company specializes in the supply of High Definition (HD) products. Its current turnover of this division is approximately 10 million US dollars and it has an impressive retail and OEM client list worldwide.

"MPEG Technology Company LTD. will give NME an immediate, well established trading arm with a...

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