Tricubes CEO Khairun Zainal Mokhtar said today that myemail has 3,000 subscribers so far about three weeks after the official launch on September 14.
“We had a discussion with Pemandu and told them, look we started late and they are realistic about reaching the 5.4 million target,” he said at a press conference today.
He added that the 3,000 subscribers were mostly ported over from myemail’s trial period prior to the official launch.
The Tricubes CEO said that they had approached four of their government agency clients - PDRM, DBKL, JPJ and EPF and were about to start pilot trials with two but declined to disclose which agencies.
He added that Tricubes had proposed to the government that each bill sent via myemail be charged 50 sen to the agency.
To use myemail’s billing features, subscribers have to go through an added layer of security by authenticating their accounts using one of Tricubes biometric devices.
About half of the 3,000 subscribers have gone through the authentication process at Tricube booths that were made available during the trial period.
Khairun said that the company was not planning to open branches but hoped to leverage on clients who already use its biometric devices to enable subscribers to authenticate themselves.
Listed on the ACE market, the financially-troubled Tricubes has been accorded the GN3 status, putting it at risk of being delisted from the Kuala Lumpur stock exchange.
The company said today that it would submit its regularisation plan to the stock exchange authority by October 24th.
Tricubes reported a first quarter (ended June) net loss of RM1.19 million on the back of RM1.14 million in revenue.
The company had earlier tried to get a waiver from Bursa Securities to comply with the GN3 requirements, but was unsuccessful.
The myemail project is one of the projects Tricubes is banking on to diversify earnings away from its traditional core business of biometric security devices.
Khairun said that he expects the myemail project to start contributing revenue by the second half of 2012.
