Trimax and Subsidiaries PLC / MSI Sends Delegation Team to Pakistan and South Asia to Launch Initiatives10 February 2007
Trimax Corporation (OTCBB: TMXO) and its wholly owned subsidiaries, Multi-Source Inc. (MSI) and PLC Network Solutions Inc. (PLC), providers of Broadband over Power Line (BPL) communication technologies, announces that they have deployed a team of representatives which includes Trimax President, Derek Pepler, to South Asia, namely Pakistan, and India.
The visit by Trimax is part of a much bigger visit by senior Canadian political delegates which includes Ontario Premier Dalton McQuinty, Dr. Shafiq Qaadri, Parliamentary Assistant to the Minister of Health Promotion, Harinder Takhar, Minister, Ministry of Small and Medium Business, Peter Wilkinson, Chief of Staff to Premier McGuinty and Leslie Marchant, ADM International relations and Chief, and High Commissioner of Canada in Islamabad David Collins.
Trimax and subsidiaries PLC Network Solutions (PLC) and Multi-Source Inc. (MSI) are included as part of various Canadian company delegates to assist in breaking down barriers within the region, and to launch its South Asian initiatives. Trimax believes that South Asia, primarily Pakistan and India, will eventually represent a big part of its overall future growth prospects. Rashid Hasan, senior vice-president of South Asian operations for Trimax, has been instrumental in breaking down barriers within the regions' various governments particularly Pakistan.
Trimax is scheduled to have meetings with various senior Pakistani government officials within the next week to 10 days. The company intends on incorporating Trimax Pakistan, and to have an office facility open within the next 30 to 45 days. The company has further aspirations such as initiating a public listing on the Karachi Stock Exchange within the same period of time depending on regulations. The Karachi Stock Exchange is the biggest and ket capitalization of Rs. 3,257.062 billion (USD $ 54.28 billion) having listed capital of Rs. 486.489 billion (USD $ 8.11 billion). As measured by the KSE 100 Index (http://en.wikipedia.org/wiki/KSE_100_Index), the Karachi stock market has grown rapidly in the current century. The Karachi Stock Exchange was acclaimed as the best-performing stock market of the world in 2002, and is still one of the strongest performers to date. Karachi (http://en.wikipedia.org/wiki/Karachi) is the financial capital of Pakistan. It accounts for the lion's share of Pakistan's GDP and generates about 65% percent of the national revenue providing a Gross Metropolitan Product of $263 billion and a GMP per capita of $21,917 rivaling Western European and American cities. Pakistan's economy is presently growing at fast rate and the country has over the past few years implemented investment friendly policies, which Trimax intends on capitalizing on. The company intends on being the first company within Pakistan that can implement Broadband over Power line technology, and policies.
Trimax and its wholly owned subsidiaries Multi-Source Inc. and PLC Networks Inc. are providers of Broadband over Power Line (BPL) communication technologies. Trimax/MSI/PLC specializes in the development, distribution, implementation, and servicing technologies that use the power grid to deliver 128-bit encrypted high-speed symmetrical broadband for data, voice and video transmission. BPL is a disruptive communications technology that turns the existing ubiquitous power line infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. Broadband is delivered simultaneously on a single platform, to every electrical outlet throughout the home or business. To connect, users simply plug a modem into any electrical outlet, and plug their computer, phone, security camera or IP device into the modem.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Annual and Quarterly Filings and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
Investor Relations
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For more information, please visit (http://www.plcnetworksinc.com/) (http://plcnetsolutions.com/)
CONTACT INFORMATION Trimax Corporation Investor Relations Tel: 416-368-4060 Toll Free: 1-877-368-4060 Email: info@plcnetsolutions.com
AGORACOM Investor Relations http://www.agoracom.com/IR/Trimax TMXO@Agoracom.com
SOURCE: Trimax Corporation
Source: marketwire
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