KUALA LUMPUR, JANUARY 13, 2006

Cuzzy Advanced Convergence Laboratories, or Cuzzy for short, believes they've got one foot in the future with their digital TV service, XBB.TV. Their global internet TV Portal. XBB.TV offers nearly 1,000 radio and 375 + television stations delivered direct to our computers and digital televisions via a broadband connection. As of September 2005, www.xbb.tv enjoys a regular audience of close to 800 thousand people logging on from USA, UK, Australia, Singapore and Malaysia.

Cuzzy, who is based in Malaysia, has a strategic partner in the U.S.A, who is an ISP, a partner in the UK who is an Internet based talent agency, cum recording label and a partner in Australia who is local search engine. It operates directly here in Malaysia and in Singapore. To date, the traffic from USA, UK and Australia still constitutes 70% of all traffic in www.xbb.tv . The balance 30% is shared between Singapore and Malaysia, with Singapore constituting 18% and from Malaysia about 96 thousand strong audience, which represents the balance 12%. And the traffic on www.xbb.tv keeps growing and growing primarily fuelled by one reason, it is free!

FREE??
So how does www.xbb.tv make its dough to keep things humming and keep its shareholder happy. Well for starters, advertising sales in the form of straight forward banner adverts and secondly, from Corporate Sponsored Original and or Syndicated Content . This formula is borrowed from the Free to Air TV industry. And so far so good. In year 2004 , www.xbb.tv operations yielded a USD 80,000.00 profit after tax.

This year in 2005, before the end of 3rd quarter 2005, www.xbb.tv has already crossed USD 300,000.00 profit after tax , coming from a little over a million US dollars in business (turnover). Turnover is expected to hit about 1.2 - 1.4 million USD and profits after tax for the year end 2005 is expected to reach a staggering USD 350 - 400 K. All income is channelled through Cuzzy Advanced Convergence Laboratories Sdn. Bhd which is an MSC status company, and it www.xbb.tv operations are tax exempted.

This year 2005, 60% of sales came from its British corporate clients, 20% from American and Australian corporate clients and the balance came from Malaysian and Singaporean corporate clients. Although the figures may be considered rather small in comparison to other software related business, the board at Cuzzy are nevertheless very, very happy with the progress, it proves a point that the business model that it chose to bank on, is paying off, and therefore future funds deployed for expansion would be a guessing game no more, but a fact based growth strategy.

"Analogue equipment is on its way out of people's lifestyles," says Jeffrey Raj, CEO of XBB.TV and chief visionary of Cuzzy. "Analogue TV and radio is evolving. They are being replaced by digital transmission and receiving equipment in all shapes and forms - your desktop, your lap top, your palm top , your car PC, your kitchens' PC terminal, your bathroom PC terminals and yes, your living room PC terminals."