Each outlet — three in the Klang Valley and one in Kuantan, Pahang — would need an investment of between RM200,000 and RM300,000 to set up.

“We would like to open outlets throughout Malaysia in due course,” chief executive officer Jimmy Tok Soon Guan said at a press conference held in conjunction with the company’s prospectus launching in Kuala Lumpur yesterday.

The listing exercise involves an offer of 14.49 million new ordinary shares of RM0.10 par value each at an issue price of RM0.70 per share, with a public issue of 2.85 million new shares available for application by the Malaysian public. Closing date of shares application is August 18 2005.

The firm expects to be listed in early September.

Deputy Entrepreneur and Cooperatives Development Minister Datuk Khamsiyah Yeop, who attended the event, said the move by iNix to establish dealership status among local individual entrepreneurs would help reduce the imbalances of socio-economic performances among multi-ethnic population.

In her speech Khamsiyah encouraged the establishment of vendors and franchisees by iNix throughout the nation in a bid to expand its business networking.

“Thus we may establish many new businesses which later may increase tremendously the number of entrepreneur-minded employees particularly Bumiputeras,” Khamsiyah said.

In response to the deputy minister’s call, Tok said the company may work closely together with the ministry to come up with the groundwork for a scheme in the future.

iNix currently has one outlet in Klang Valley and around 30 resellers under its dealership programme which are operating throughout Malaysia.

Around 45 per cent of the company’s revenue is from the domestic market while 55 per cent is from exports.

The company currently has 17.4 per cent share of the intelligent home market in Malaysia.

The intelligent home market is projected to be worth RM69.2 million in 2008, growing at a compound annual growth rate of 24 per cent for the next four years.

Tok said its initial target group will be homes as there is a lot of room to grow in the residential home market.

iNix registered a net profit of RM2.4 million on the back of RM7.7 million revenue for the six months financial period ended January 31 2005.