Information Given to Stock Exchanges

Intimation of Board Meeting on 15th February, 2008

A meeting of the Board of Directors of the Company will be held on Friday, 15th February 2008, at
5 p.m. at the registered office of the company and discuss the following subjects:

• To finalize the acquisition of M/s. Logic Bytes Inc., New Jersey Logic Bytes Inc., provides software solutions to many big and small business Companies by undertaking web development, networking and client/ server projects. Logic Bytes Inc., has a variety of clients in healthcare, telecommunication, insurance, commercial banking, investment banking/ brokerage, asset management, consumer finance, securities, insurance and diversified financial and IT development services. The Company has potential revenue of 25 Million USD in the next three years time
• The Company has also identified few Companies operating in the business of Unique Content Transformation providing Newspaper Publishers, Broadcasters, Content Aggregators, media Monitoring Companies, Telecos, STM Publishers and Government Organizations with Real time and Project based BPO/ CPO/ KPO Services. The Board shall discuss the methodologies relating to the acquisition for the above Companies
• The Company has also identified businesses in the area of IP TV which will be discussed by the Board
• Any other business with permission of chairman.