This year's highlights were about signing new contracts renewing major customers andlaunching new services globally. Following an encouraging upward trend we have renewedcontracts over 200M$ of our current business to be carried out in the next five years aswell as signing over 35M$ of new business to be accounted in our revenues over the nextthree years.
Our investments in product development are yielding results. Last year's introductionto videos and sports has led us to deploy a variety of new services in many differentlanguages and countries. This year we launched digital contests kid's applications andgames clubs. Digital contests got the first deployments outside of India with high demandin the Middle East. The kid's application successfully debuted in Europe. It focuses onvideo games and music especially curated for children. Finally games had so muchtraction from operators globally that we acquired Appland.
This platform makes it possible for us to rapidly deliver games clubs in every targetedregion. We expect in the next two years to have over 100 profitable games clubs and newservices. Each of these services will represent only approximately one-tenth of our maturebusiness in their first year's revenues. We forecast that by the three- year mark the newservices revenues will be at cruisingspeed.
As for tones our flagship product we did significant upgradesto the appthisyearbecoming a music service and adding key features such as video tones. The engagement andvirality are booming and our focus is to ensure that more of our subscribers download thesmartphone app. We are also quite positive about the soon to be launched advertisementbased services which will add to our subscription revenues and drive su bsc ri be rs'growth.
Ourglobal revenues for the year were of INR 5939 million and EBITDA of INR 358 million.Most of the revenuedeclinewasin India which now represents only 16% of total revenue ascompared to 22% a year ago. However considering our new deals not only with mobilecarriers but also with handset manufacturers OTT players and wallet providers we believeIndian revenues will stabilize for the comingyear without impairingour global growth.
Lastly I want to thank our 760 employees for their dedication and continuous effortsto bring efficiencies while building OnMobile as a global leader in Mobile Entertainment.A special thanks to all our shareholders for their continuous support. I remain veryconfident that our investments will reflect clear value. The company has great assets asolid cash position of INR 2510 million and so many good opportunities that willmaterialize in the near future.
Executive Chairman & Chief Executive Officer