Information Given to Stock Exchanges

Outcome of Board Meeting on December 3, 2007

A meeting of the Board of Directors of the Company was held on December 03, 2007, at the registered office of the company and discussed the following subjects:

Discussed and approved granting of 5% of the present paid-up equity capital of the Company, amounting to approximately 1,00,00,000 shares at the price as may be decided by the Remuneration Committee. The Board authorized the Remuneration Committee comprising of Mr. R. Dakshinamurthy, Mr. A. Ganesan and Mr. A. Sivakumaran, to finalise the Employees Stock Option Scheme for the Company and do such acts and deeds as may be necessary to implement the said scheme.

The Board after considering the huge potential in telemedicine sector decided to develop telemedicine software in collaboration with an U.S firm in co-ordination with the recently acquired division of U.S based firm, Logistics Solutions Inc. While discussing about acquisition/ investment in a Company involved in a telemedicine business, the Board decided to discuss and decide the same in its subsequent meetings.

The Board discussed and constituted a committee consisting of Mr. R. Dakshinamurthy, Mr. A. Ganesan and Mr. Raghu Tandra, Directors of the Company to decide on the modes and means of raising funds to develop the Company's own product, like BPO services on medical billing, appointments and insurance etc. The Board directed the committee to consider the following areas of development:

• EMR and Practice Management
• Billing and medical records management
• Storage and Searching
• Federal and State based initiatives
• HIPAA and Mobile applications
• Telemedicine and E-Learning
• Any other business with permission of chairman