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We are also developing a new network management system, built on the foundation of our Powercom and BSMS products, which will allow customers to improve their operations and maintenance of telecom network.
Furthermore, the Group is working on a new product research initiative to develop a new network management system which builds on the foundation of our Powercom and BSMS products to provide specialized features for the operations and maintenance of telecom network.
The interface will deliver a flexible, seamless transfer of temporary staff data from MAPS Healthroster to the BSMS Bank solution.
The Company intends, through the Agreement, to leverage the business networks and relationships of the Company in North America and to exploit potential business opportunities in sales and distribution of BSMS Products in North America, thereby commencing the process of marketing the Company's brand name in the North America.
Pursuant to the Agreement, the Company will be entitled to purchase the BSMS Products from T S International for sale of such products to its customers in North America, and T S International will, at the request of the Company, supply the BSMS Products to the Company for an aggregate value of not more than approximately $2,667,000 (HK$16,000,000) for the financial year of the Company ending on 31 March 2004 and approximately $5,000,000 (HK$30,000,000) for each of the two financial years of the Company ending on 31 March 2006.