Dubai, UAE, 5 December 2007In what can best be described as a unique business relations between the two sides, KTV Middle East, a global technology leader and the first to own a LCD screen industry in the Middle East, has signed a contract to supply 400 LCD screens of various sizes to Ramada Al-Mubarakiyya Hotel, in the Saudi Arabian town of Al-Dammam.

The deal, which followed similar ones in which KTV supplied more than 2000 LCD TV screens to Ramada Al-Hamra and Ramada Al-Qibla hotels, both in Madina Al-Munawwarah, Ramada Al-Bukaira in Al-Qaseem and Ramada Continental Hotel in Jeddah, is part of the Korean company's business strategy of targeting new hotels in the marketing of its products in the region.

KTV has recently been ranked the third biggest LCD TV screen industry in South Korea.

Mr. Hisham Khabbaz of the Talal Al Ghunaim Real Estate Group signed the agreement for Ramada Al-Mubarakiyya, in his capacity as consultant of the project, while Mr. Abdullah Abubakar Baashin, KTV's Director of Operations in the Middle East, also signed the agreement for his outfit during a signing ceremony held at the premises of the Linco Company, the sole distributor of KTV products in Saudi Arabia.

KTV manufactures Crystal television screens in a variety of sizes, starting from 20 inches up to 82 inches, using first class category "A" Korean-made crystal plates of high-quality and reasonable prices and guarantee for a period of five years for the use of all costumers.

Commenting on the agreement, Mr. Baashin said: "This agreement re-affirms the success of KTV's marketing strategy, which targets hotel projects in various parts of the Gulf region. We are happy to be the suppliers of Ramada International hotel chain in Saudi Arabia whose officials have reposed great trust in our products. We are close to sealing some other agreements with a group of hotels being managed by a reputable international hotel company of the same status as Ramada."

 LCD TV industry is witnessing rapid growth and tremendous patronage these days. It is a clear indication of a major shift in the concept of consumers regarding home TV. This has encouraged KTV to invest in this area to expand the scope of its distribution by entering into strategic alliance with many new hotels in the region."

-Ends-

Note to editors
KTV was established in 1969 under the business name "Toshiba Korea Co. Ltd.". In 1974 the name was changed to "Korea Electronics Co. Ltd.". In 1987 the company began the LCD TV line production and in 2003 it started KTV Global Corporation opening its headquarters in the Middle East, which entered joint ventures with a number of companies: KTV International; Saudi Bin Laden Group; and Abdalla Baroom and Sons Group.

KTV targets the Middle Eastern, North African and European markets and has offices spread out around the world. KTV possesses factories and sale centers in the United Arab Emirates, Korea and the Philippines and sale centers in the Kingdom of Saudi Arabia, United States, Britain, Germany and Japan.

KTV's strategic partners include: Financial Group "SAMBA"; American Express "AMEX"; National Commercial Bank "NCB"; Saudi Digital Distribution Co. "ART"; TLC; Saudi Bin Laden Group; Kingdom Center; Osool Space Channel; Showtime; Patchi; Al Ghazali; DMS; and PTC.

For further information, please contact:
Sara R. Ali
Media & PR Executive
Mobile. +97150 245 88 73
Sara.r@o2mc.net

© Press Release 2007