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Mr. Louis Mak
CEO and CTO
Professional Viewpoint

26/F Aitken Vanson Centre, 61 Hoi Yuen Road
Kwun Tong, Kowloon, HONG KONG

MultiVision was established in 1986 and is a technology-based company principally engaged in the design, development and distribution of digital video surveillance products and solutions for use across a broad range of industries. The company’s products are adapted for use in a multitude of industries from banking to healthcare, utilities and transport. Customers come from both the private and public sectors. MultiVision is ISO9001 certified. It is listed on the Stock Exchange of Singapore.

PRODUCTS

MultiVision Secures US$8 Million Orders For Surveillance Systems In Casinos
• Orders increased from 17 to 22 facilities in Macau; More facilities likely to be completed by end of calendar year 2006
• Gaming domain expertise has gained interest beyond Macau

SINGAPORE, 22 November 2004 – MultiVision Intelligent Surveillance Limited (“MultiVision”), a leading provider of highly-integrated digital video surveillance products and solutions, announced today that it has secured seven fresh orders for surveillance systems, five for casinos in Macau and the other two for casinos in Vietnam and the USA, lifting its order book from the gaming industry to US$9.6 million.

Singapore Exchange Main Board-listed MultiVision, which delivered a total of $3.9 million worth of digital video surveillance systems in Macau in the financial year ended 31 March 2004 (“FY 2004”), said the fresh projects were secured through its distributor partner in Macau, Elixir Group Limited (“Elixir”), which has an ongoing surveillance project for the 17 casinos and hotels under the gaming company Sociedade de Jogos de Macau, S.A. (“SJM”).

Elixir has recently won projects for the installation of surveillance systems at Grand Mocha, Man Yuen Casino I, II & III, Crystal Palace I & II, Mona Lisa Casino, and Casa Real Hotel. As such, the installation base for MultiVision has expanded to 22 facilities.

Commenting on the new contracts, MultiVision’s President and Chief Operations Officer Mr. Dennis Li, said: “We understand that SJM plans to have more than 30 facilities by end of calendar year 2006. We can expect these new projects to install around $9 million worth of high-end surveillance products. Through our strong partnership with Elixir, the excellent on-site support we provide in Macau and technical expertise in the gaming sector, we are confident of gaining more contracts from SJM in 2006.”

“We are gaining recognition in the gaming industry outside Macau for our surveillance products. The contracts awarded in Vietnam and the USA are results of our marketing efforts earlier in this financial year. We are gaining momentum in the other locations such as Europe, the PRC and Australia where we have recently set up offices,” said Mr Li.

MultiVision offers end-to-end, highly reliable enterprise-class digital video surveillance and management solutions that are critical to gaming operations. These are key solution selection criteria of gaming operators. In Macau, for example, the gaming regulations dictate that gaming facilities are not to accept bets should the surveillance systems fail to function. Failover of surveillance operations to a backup system must be executed within one second. The Company has also pioneered unique gaming-specific and patent granted applications such as the heart-beating monitoring technology which ensures fail-safe operations. Another camera-touring application safeguards the gaming operator from any possible disputes arising from the amount of bets placed.

Mr. Li added: “Our domain expertise in the banking, transportation and gaming sectors will continue to be our growth drivers going forward. As our distributor network expands as an integral part of our business, it offers us the freedom to efficiently deploy the company resources to continual product and solution development activities. We remain focused on delivering end-to-end solution offerings to our customers.”

SGX-listed MultiVision Wins Project from China’s Hunan Postal Services for Surveillance Systems at Over 100 Branches and 150 ATMs

• US$0.93 million (HK$7.2 million) contract to install digital video surveillance systems for over 100 branches and 150 ATMs in Hunan province to be fulfilled by Q4 FY 2004 ending 31 March 2004

• Company also secures fresh contracts amounting to US$1.03 million (HK$8.0 million) from three Macau hotels and casinos as well as Hong Kong’s Asia Container Terminal

• Increasing momentum of China market penetration together with strengthening distributor partners to propel growth, even as the Company concurrently taps new markets globally

SINGAPORE, 16 February 2004 – MultiVision Intelligent Surveillance Limited (“MultiVision”), a leading provider of highly-integrated digital video surveillance products and solutions, kicked off 2004 on a positive note with new contracts from Greater China that will enhance the Company’s profile and domain expertise in the banking, gaming and hospitality industries.

Singapore Exchange Main Board-listed MultiVision said the Company has been awarded a contract from Hunan Postal Services. This first phase of the project entails the installation of digital surveillance systems for over 100 branches and 150 automated teller machines (ATMs). MultiVision’s systems built in with picture-in-picture and text-overlay applications will offer digital video recording and easy retrieval of surveillance pictures captured for all transactions that have been carried out for that account at any branch or ATM.

A significant portion of the project is scheduled for completion by MultiVision’s fourth quarter of financial year 2004 (“Q4 FY04”) that ends on 31 March 2004; and would, accordingly, be reflected in the Company’s FY2004 results.

Commenting on the Hunan contract, MultiVision’s President and Chief Operations Officer, Mr. Dennis Li said, “This award represents a major breakthrough for MultiVision’s thrust into China’s fast-growing market as the potential for further project opportunities is tremendous. Hunan Postal Services’ current network includes another 1,800 other branches and 200 ATMs province-wide.

Once this first phase of the project has been smoothly executed, Hunan Postal Services is likely to commission the roll-out across its entire network over three years. In addition, our involvement in Hunan province would let us demonstrate our domain expertise, while the experience would stand us in good stead in pursuing similar projects in other provinces.”

Macau Casino Extension Project and Asia Container Terminal 8
The Macau Casino extension project is valued at US$1.03 million (HK$8 million) and involves the installation of new digital video surveillance systems at China Hotel and Grand View Hotel, and an increase in surveillance coverage at Pharaoh's Palace casino. The casinos are operated by Macau gaming company Sociedade de Jogos de Macau, S.A, a subsidiary of Sociedade de Turismo e Diversoes de Macau, S.A.R.L. The above brings the total number of casino and hotel facilities in Macau for which MultiVision’s systems have been installed or would be installed to 17. Aggregate contract value for these projects in Macau to-date stands at US$8.2 million (HK$64 million), of which US$0.64 million (HK$5 million) was fulfilled in fourth quarter 2003 (“Q4 FY03”) and second quarter 2004 (“Q2 FY04”).

In Hong Kong, MultiVision’s distributor partner PCCW won a contract to implement a 67-video camera CCTV port surveillance system for Asia Container Terminal. MultiVision is supplying HK$324,000 worth of high-end digital video surveillance products comprising seven units of NetServer Super (hardware, MPEG4-based Digital Video Recorders) and three units of Unet Client Workstation 1000 (management client). This project would add to MultiVision’s domain expertise for container terminal port surveillance – the Company had previously supplied the high-end digital video surveillance products for Container Terminal 9.

Strengthening Support from Distributor Network
Commenting on the above contracts, Mr. Li said, “Our distributor network is an integral part of our business, which has freed up company resources to focus on continual product and solution development activities. Leveraging on distributors’ resources is particularly important in order for MultiVision to adequately cover a vast market like China, while concurrently tapping new markets globally.

We are very encouraged in seeing many of our distributors achieving their quotas. For instance, Macau-based Elixir earlier raised its distributor quota from US$0.5 million to US$4.0 million (about S$6.76 million). This is likely driven by the heightened awareness of commercial organisations, corporations and infrastructure installations to undertake a thorough review of their security measures and the astuteness of investing in reliable surveillance systems and migration from analog to digital recording.

On our part, we work very closely with our partners and end-customers and have clearly demonstrated consistency and reliability in delivering quality systems and domain expertise in developing the optimal set of integrated surveillance solutions.”

In view of the above, Mr. Li is optimistic that Company’s thrust into the promising China market in partnership with its distributors is fast gaining momentum and will drive MultiVision’s top line and bottom line growth.

The Hong Kong Awards for Industry is an annual awards scheme established in 1989 to recognise and encourage excellence as well as to promote successful practices and strategies in different aspects of industrial performance.
Each of the seven award categories is managed independently by various industrial support organisations with overall coordination by an organising committee chaired by the Director-General of Trade and Industry. The export marketing category is managed by The Hong Kong Trade Development Council.

Hong Kong Chief Executive, Mr. Tung Chee Hwa, was on hand at yesterday evening's awards ceremony held at the Hong Kong Convention and Exhibition Centre.

During the course of the event, a total of seven awards were presented for excellence in the categories of consumer product design, machinery and equipment design, productivity, quality, environmental performance, technological achievement and export marketing.

In addition to these awards, certificates of merit were awarded in each category. Participants in the Export Marketing category were evaluated based on eight criteria - market research, product planning and development, branding strategies, pricing strategies and market positioning, promotional strategies, distribution channels, export sales performance and marketing objectives and staff motivation.

MultiVision Chief Executive Officer and Chief Technology Officer, Mr. Louis Mak, was present to receive the Export Marketing Certificate of Merit on behalf of the Company and commented, "This is indeed a special occasion for MultiVision. MultiVision has come a long way since its inception in Hong Kong back in 1986. Today, we have the ability to bring our digital video surveillance products and solutions to the world through our 26 distributors.

"We believe this certificate is testimony to our ongoing commitment to the pursuit of excellence in our products and services, as well as a recognition of our position as a leading player in export marketing. Our customers can be assured however, that we will not be resting on our laurels."

MultiVision Unveils the NetServer Super 24 at ASIS International 2003.

MultiVision unveiled the NetServer Super 24 at ASIS International 2003. Based on MPEG-4 hardware compression technology, the digital video recorder is designed to deliver unprecedented recording capabilities of up to 720 frames per second (fps) with CIF resolution. It provides real-time simultaneous display, recording, retrieval and playback on all its 24 channels.

The NetServer Super 24 comes with advanced features including a circular recording mode that can be programmed to recycle the recording drives, hence reducing storage needs and costs. It also offers an easy-search function that enables requested video images to be played back by simply keying in the time and/or date, thereby making image retrieval effortless.

MultiVision Introduces High Performance NetServer Super 20 At IFSEC 2003:

Hong Kong, 17 April 2003 – MultiVision Intelligent Surveillance Limited (“MultiVision”), a leading provider of digital video surveillance systems and solutions, will unveil the NetServer Super 20, its latest addition to the NetServer Super series of digital video surveillance solutions at its booth, N70 at IFSEC 2003. The event will be held at NEC Birmingham in the United Kingdom from May 19 to 22, 2003. The enterprise-class digital video recorder is designed to deliver high performance capabilities, offering real-time simultaneous display, recording, retrieval and playback on all its 20 channels, which is unmatched in the industry.

“Users today are looking for digital video surveillance solutions which can offer them superior video quality while providing them the flexibility to customize recording to their requirements,” said Dennis Li, President and Chief Operations Officer, MultiVision Intelligent Surveillance Limited. “Using the latest in hardware compression technology, MPEG-4, NetServer Super 20 is able to record up to 500 frames per second (fps) with resolutions of 352 x 288 on PAL while requiring minimum storage capacities. Users are able to adjust the frame rate for instant, alarm and schedule recordings to maximize video quality and storage. The NetServer Super 20 is ideal for mission-critical industries where reliability, scalability and availability of the solution are crucial.”

Highlights of the NetServer Super 20 include:
* Real-time, multi-channel digital video recording, multiplexing and transmission on 20 channels
* Improved recording frame rates on digital video recording with up to 500 fps on PAL and 600 fps on NTSC
* Intelligent signal loss detection feature which proactively prompts users on signal loss
* Support for pan/ tilt/ zoom control
MultiVision’s NetServer Super 20 protects and future proofs customers of their investments. It seamlessly interoperates with MultiVision’s digital video management and monitoring application, Unet Client Workstation (UCW). Leveraging UCW, users will be able to remotely monitor and control the NetServers in various locations via the Internet.

April/May 2002 - MultiVision Intelligent Surveillance (“MultiVision”)released TWO latest digital surveillance products, NetServer Smart and NetServer Pro.

NetServer Smart is MultiVision's latest development, designed to cater specifically for mobile professionals or transportation industry where there is a need to have access to security information on the move. It is designed to fit inside any motor vehicles, e.g., police cars or buses, to perform security monitoring. NertServer Smart is a book size portable station which can monitor up to four channels and it is the smallest stand alone station available at the time of press.
NetServer Smart has one model which can monitor up to four channels. Its size is relatively small (50mm x 197mm x 272 mm) in order to ease installation inside motor vehicles. Its features included, 20-30GB storage, 100fps (frames per second) display for all four channels and approximately 6.25 fps when recording and it runs on Window XP. It is a special product designed for this niche market.

NetServer Pro is the latest digital video surveillance system which has more features and functionalities for improved surveillance performance. It provides noticeably faster frame rates at 25 fps (real time) for all 16 cameras on display and 6.25 fps when recording. It has been developed as a result of overwhelming demand for faster frame rate and quality of display. NetServer Pro is available in four models for 4,8,12 and 16 channels.

NetServer Pro is enterprise class digital surveillance server which is ideally suited for corporate customers looking to enhance and/or upgrade its current security systems with newer, faster and more flexible digital surveillance. With the improved frame rate, it can provide true real-time monitoring and recording and clearer quality of pictures.

All these new systems work parallel with our proprietary remote monitoring application, UCW (Unet Client workstation). UCW integrates digital video recording and remote surveillance into one where you can monitor from remote locations regardless of cameras or monitoring locations. For NetServer Mobile, you will need to have wireless connection using UCW in order to retrieve images from the base vehicle.

About MultiVision
MultiVision was established in 1986 and is a technology-based company principally engaged in the design, development and distribution of digital video surveillance products and solutions. The company’s products are adapted for use in a multitude of industries from banking to healthcare, utilities and transport. Customers come from both the private and public sectors. MultiVision is ISO9001 certified. It is listed on the Stock Exchange of Singapore.

MultiVision's products and solutions are marketed to distributors, OEMs of surveillance products and systems integrators for integration into the security and surveillance systems of its end-users. The Company's principal markets are in Australia, Hong Kong, Macau, Taiwan and the PRC. MultiVision has 27 distributors in various countries and/or places such as Hong Kong, Taiwan, Macau, the PRC, Thailand, Macau, Malaysia, Singapore, Indonesia, Australia, New Zealand, Israel, Ghana, the Middle East, Ireland, UK, Latvia and the USA.

The MultiVision range of digital video surveillance products offers digital video recording and real-time monitoring of multiple locations from a central monitoring centre through the routing of signals from various cameras to a central monitoring centre.
For the six months ended 30 September 2003, the Company recorded an increase of 43.1% increase in turnover to HK$56.1 million, and an increase of 47.2% in net profit to HK$15.5 million.

MultiVision Intelligent Surveillance was established by a group of entrepreneurial CCTV engineers with an aim to develop technically advanced products and to undertake major surveillance projects in the region. In 1997, MultiVision began its research and development in digital video surveillance products and till-to-date has continued to engage heavily in the development of advanced digital video products for its local and international markets.

Mr. Louis Mak, CEO and CTO, MultiVision Intelligent Surveillance Limited:
" Security is held more tightly to everyone's heart with terrorism on the rise. This created an upward demand for security solutions as companies look to install new systems or step up security measures at their sites.

MultiVision is also seeing a healthy technology replacement market where organizations are replacing analog VCR technology with digital videorecording technology. While digital video recording is relatively new,it is a stable technology which boosts far more benefits than VCR withits better higher video resolution, higher capacity storage and easiermanagement of archived video clips. End users are replacing their oldsystems with our DVR solutions and the new customers are leap frog-inginto our DVR solutions.

Aside from the infrastructure projects we continue to focus on, therealso exist pockets of opportunities in other areas. The provision ofsecurity services for small-to-medium sized organizations, for example, is on a boom."

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