Undeterred by the dotcom bust and rising tide of technology failures, an SAR online advertising firm wants a second-board listing. Stressing a more traditional business model, chairman and chief executive of AGL Media Tech Holdings Leonard Chan Tik-yuen said his connections would help him drum up business when cold-calling prospective clients. The firm delivers streaming video for online advertisements, Internet portals and wireless devices yet despite the collapse of similar firms the 28-year-old Mr Chan claims a possible winning solution. 'I believe we could become a source of revenue to Internet companies instead of taking revenue from these firms,' the former chairman of the family-run listed company Capital Automation Holdings said. Mr Chan's family sold their entire stake in the company to a third party in April. AGL Media Tech is 60 per cent owned by Mr Chan and 40 per cent held by his father Chan Ngan-hoi. He said the initial investment was more than HK$10 million, of which more than HK$5 million was spent in research and development. The firm was generating positive cash flow and has 16 staff. Without disclosing income figures, Mr Chan said 27 per cent of its sales are derived from online advertising solutions, with the remaining revenue coming from content management services. 'The technology for mobile advertisement is ready, but we are waiting for the right platform,' he said, adding that only two mobile phone models could support colour video streaming at present.