Northgate Technologies Ltd has announced that Globe7 signed two years strategic business contract of advertising with QQ.com owned by "Tencent" (Tencent Holdings Ltd). The strategic alliance with Tencent will enable Globe7 to access more than 200 Million active Internet users or approximately 15% of the existing Global Internet Users.

Founded in November, 2005, Globe7 HK Ltd is a 100% step down subsidiary of Northgate Technologies Ltd. Globe7 UK is a leading Internet media Company and owns web 2.0 portals such as Globe7.com, ziddu.com and egglad.com. Ziddu.com and Globe7.com are among World's Top 1000 web portals as per alexa.com

QQ.com is owned by Tencent Holdings Ltd (SEHK 700), a Hong Kong Stock Exchange Listed Company with market cap of 11.2 Bn US$ and more than 500 Mn US$ annual turnover. QQ.com is ranked China's Top 2* and World's Top 30* web portals (*source www.alexa.com).

The Northgate Technologies stock closed the day at Rs.450.95, down by Rs.26.90 or 5.63%. The stock hit an intraday high of Rs.467.60 and low of Rs.445.

The total traded quantity was 6317 compared to 2 week average of 12341.