NextCom Studio Technologies Announces Agreement to Acquire Distribution Networks on i-Citymall.com

May 8, 2011 - PRLog -- November 2010, - Tampines, Singapore – NextCom Studio Technologies, a global leader in solutions for the international trade industry, announced today it has reached an agreement to acquire several distribution channels during the pre-launch of i-Citymall.com, (http://www.i-citymall.com) a provider of digital gadgets distribution channels with e-commerce concept. Through the agreement, NextCom Studio Technologies will be able to quickly integrate i-Citymall.com’s global services into the network with the 200 global retailers and distributors worldwide.

Within the next few years, NextCom Studio Technologies anticipates to move its headquarters to Hyderabad, India and allocating new agents within several locations as a service centre. Consumer protection programs have become particularly attractive to consumers, who want to protect their devices and studio equipment, as well as retailers, who are looking for ways to drive customer loyalty.  I-Citymall.com’s product offering on behalf of the warehousing agents, retailers and dealer customers ensures a reliable product replacement cycle, from the initial consumer claim, all the way through the delivery of replacement stocks.

“This strategic acquisition reinforces our commitment to continue investing in the trading solutions that provide real value-added services to our customers,” said Lawrence Anthony, Head of Regional Export Division Department. “The acquisition will combine i-Citymall.com consumer protection programs and replacement stocks, proprietary ICT systems and processes along with NextCom Studio Technology’s global logistics, device soucing, and ICT customization capabilities.”

“We’re looking for more opportunities and excited to be joining a strong global organization like NextCom Studio Technologies”, said David Tan, Managing Partner of NextCom Studio Technologies. “We will continue to provide resellers, agents and consumers protection services of the highest quality, and can now do s as a part of partnership programs with multi-million dollar service companies worldwide.”

# # #

NextCom Studio Technologies owns 84% stake of I-Citymall.com and a number of partners across Asia and Canada were the affiliate participants. Launched in 2010, the online platform serves 9 brands of ICT gadgets with 200,000 worldwide registered members since September 2010.