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Signing of Memorandum of Understanding With Elektra del Milenio, S.A. de C.V.

DPS RESOURCES BERHAD

Type

Announcement
SubjectSigning of Memorandum of Understanding With Elektra del Milenio, S.A. de C.V.

Contents :



1. INTRODUCTION

The Board of Directors of DPS Resources Berhad ("DPS") wishes to announce that the
Company's subsidiary, Shantawood Manufacturing Sdn Bhd ("Shantawood") has on
9 August 2005, signed a Memorandum of Understanding ("MOU") with Elektra del Milenio,
S.A. de C.V. of Mexico ("Grupo Elektra") for the purpose of collaborating and working
together with Grupo Elektra on its objective of penetrating the dining furniture market in
Mexico.


2. INFORMATION ON GRUPO ELEKTRA

Grupo Elektra is Latin America 's leading specialty retailer and financial services
company, serving the mass market by providing consumer credit. It operates more
than 900 stores in four countries, selling goods and services through its Elektra, Salinas
& Rocha and Bodega de Remates stores.

Grupo Elektra is divided mainly in two divisions: retail and financial. At the same time,
the retail division is divided in two geographical areas: Mexico , which includes three
store formats; and Latin America (Guatemala , Honduras and Peru), where only the
Elektra store format operates.

Grupo Elektra's financial division only operates in Mexico and includes Banco Azteca,
a bank that offers financial services to Mexico 's mass market; Afore Azteca, a retirement
fund manager; and Seguros Azteca, a new insurance company.


3. OBJECTIVE OF THE MOU

Shantawood and Grupo Elektra ("Parties") entered into the MOU to set out their aspirations,
intentions and understanding to work together with the objective of penetrating the dining
furniture in Mexico. The MOU, based on the recent volume of orders, shall form the basis
for the initial order commitment throughout the next 12 months by Grupo Elektra.
Shantawood shall also grant exclusive distribution rights of certain selected products
models in Mexico to Grupo Elektra based upon further terms and conditions which were
agreed upon on 11 August 2005.


4. DIRECTORS' OPINION

The Board of Directors of DPS, having taking into consideration all aspects of the MOU,
is of the opinion that the MOU is in the best interest of the DPS.


5. INTERESTS OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND
PERSONS CONNECTED WITH DIRECTORS AND/OR SUBSTANTIAL
SHAREHOLDERS

None of the Directors, Substantial Shareholders and persons connected with Directors
and/or Substantial Shareholders of DPS have any interest, direct or indirect, in the MOU.



Announcement Info

Company NameDPS RESOURCES BERHAD  
Stock Name DPS    
Date Announced15 Aug 2005  
CategoryGeneral Announcement
Reference NoDR-050802-38519



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