Global Leader in Mobile Content would oversee from Manila, the operations in Malaysia, Singapore, Indonesia, Bangladesh and Vietnam.
Global Leader in Mobile Content would oversee from Manila, the operations in Malaysia, Singapore, Indonesia, Bangladesh and Vietnam
Madrid/ Manila: December 4th, 2007 - Zed (formerly LaNetro Zed), the leading mobile content company worldwide in terms of revenue and geographical presence, has announced, coinciding with the visit of the President of the Republic of the Philippines, Mrs. Gloria Macapagal-Arroyo to Spain, plans for establishing its Regional Headquarters for South-East Asia in the Philippines. Zed has considered this decision due to the strategic situation of the country and the excellent relations with the Philippine Administration. This decision would come to effect if legal circumstances are the appropriate.
“We have shared with all parties, including the President of the Philippines, Mrs. Gloria Macapagal-Arroyo, our willingness to increase the compromise of Zed with the Philippines. This decision is strongly conditioned to clearing the regulatory difficulties and other legal obstacles that our company is currently suffering in the country, without any justification, which are putting at risk Zed´s further investment in the Philippines”, says Javier Pérez Dolset, founder and CEO of Zed.
Zed has been present in the Philippines since 2000 and currently holds an office at Makati City, Manila. Zed also inherited the Philippine subsidiary of MonsterMob Group PLC, Information Gateway, after the acquisition of the British company in February 2007. The litigations with the former owners of Information Gateway have resulted in serious difficulties in taking control of the company by the legitimate owners (Zed). This has also lead to a defenceless situation where Zed has not even been able to express its views upon the Makati City tribunal.
Javier Pérez Dolset commented “it would make all the sense for us to set our South-East Asian Headquarters in Manila, since our business in the country exceeds 50 million dollars and we are confident that bilateral business between Spain and the Philippines can only grow in the near future. We appreciated very much the interest shown by the Philippine Administration in securing such a significant international investment in the country”.
Zed has offices in 21 of the world’s top capitals on four continents; including London, Paris, Milan, Moscow, Mexico City, Denver, Singapore, Manila, Beijing and Cape Town and has business activities in 38 countries. Zed’s headquarters are in Madrid, Spain. The company attained pro forma revenues of 454 million Dollars in the full fiscal year of 2006. These results represented a 235% increase over the same period in 2005.