Dubai, UAE, 15 November 2007: KTV Middle East FZCO, a global technology leader, has signed a contract to supply LCD TV screens to Ramada Al-Bukaira Hotel, in the Saudi Arabian town of Al-Qaseem.

The deal, which follows a similar one in which KTV supplied 1400 LCD TV screens to Ramada Al-Hamra and Ramada Al-Qibla hotels, both in Madina Al-Munawwarah, is part of the Korean company's business strategy of targeting new hotels in marketing its products in the region.

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

The contract signing ceremony was attended by Khalid Muammar, Director of Hotels Section of the Mohammed Al-Ali Al-Suwailem Company, proprietor of Ramada Al-Bukaira Hotel, and Mr. Abdullah Abubakar Baeshin, KTV's AGM & Operations Manager in Saudi Arabia. Mr. Ahmed Al Minshawi, Electronics Section Manager of Lingo, Exclusive Distributor of KTV products in the Kingdom, was also present at the ceremony.

Commenting on the agreement, Mr. Baeshin said: "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."

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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