“The money that we raise will primarily (be used to) enhance our human resources because we’re a knowledge-based company,” he told reporters after its debut on the Mesdaq Market in Kuala Lumpur on April 18.

AIM opened at 60 sen, up 18 sen or 43% from its offer price of 42 sen.


On the company’s overseas expansion, Nyang said it was “exploring the chances to get a right JV partner at a right time”.

“It’s not the time issue, it’s getting the right partner; when opportunities come, we’ll start,” he said.


Nyang added that AIM would most probably form joint ventures with overseas companies next year.
He added it had to “get a local touch” and understand the local culture before it tapped into the China, Singapore, Indonesia and Thailand markets.

Its overseas business contributed only 1.1% to its revenue of RM26.1 million for the nine-month period ended Sept 30, 2005.


Nyang said there were about 160 players in the local BPO industry, with AIM being one of only two companies providing one-stop integrated loyalty management services. It claims to have more than a 70% share of the BPO market.

The Malaysian loyalty programme market, according to Frost & Sullivan, was valued at RM2.05 billion last year and is expected to grow at a compounded annual growth rate of 9.78% to RM3.53 billion by 2010.