Sixth Annual General Meeting

Subang Jaya, 10 May 2007 - eBworx held its Sixth Annual General Meeting on May 10, 2007 at 10.00 a.m. at Zamrud 1, Saujana Resort, Jalan Lapangan Terbang SAAS, 47200 Subang, Selangor Darul Ehsan. eBworx announced an encouraging 2006 with a post tax profit of more than double from RM2.8 million in FY2005 to RM7.4 million as a result of the strategies and efforts that the Group had taken during 2006 and 2005.

For the financial year ended 31 December 2006, eBworx and its subsidiaries ("the Group") generated consolidated revenue of RM33.8 million as compared to RM36.6 million achieved in the previous corresponding year. Despite the decrease of 7.6% in revenue, the Group recorded a profit before tax (“PBT”) and profit after tax (“PAT”) of RM7.47 million and RM7.38 million respectively. This marked a significant improvement of RM4.65 million and RM4.58 million as compared to the PBT and PAT of RM2.82 million and RM2.8 million recorded in the previous corresponding year. The improvement in performance was mainly attributable to the Group’s continuous and concerted efforts to focus on projects with better margins, cost reduction initiatives and optimising its operational efficiency.