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		<title>India Press Release</title>
		<link>http://www.indiaprwire.com/</link>
		<description>Access latest press release from thousands of organizations around India</description>
		<pubDate>Mon, 13 Oct 2008 18:05:56 +0600</pubDate>
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		<language>en</language>	
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			<title>Explocity Pvt Ltd appoints Allen Mendonca as Editorial Director</title>
			<link>http://www.indiaprwire.com/pressrelease/publishing/2008101314122.htm</link>
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			<pubDate>Mon, 13 Oct 2008 12:51:38 +0600</pubDate>
			<dc:creator>Explocity Pvt Ltd</dc:creator>
			<category>Publishing/Information Services</category>
			<guid>http://www.indiaprwire.com/pressrelease/publishing/2008101314122.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[/India PRwire/ -          <p>Allen grew up in Bangalore city and is aware of every nook and corner of the city. He started his career at the young age of 18 as a reporter for City Tab followed by Deccan Herald, Indian Express and Times of India where he served as Bureau Chief and later Editor, Bangalore Times.</p>    <p>Nearly two decades of his career was spent on reporting crime, politics, Information Technology (IT) and the various changes both hi-tech and social that were taking place in the city. Allen then went onto opening his own media content company. Allen has also delivered lectures at foreign journalism schools and is a well known personality in India.</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p>                          <p><u>About Explocity Pvt Ltd</u></p><p>Explocity.com is an aggregation of city-centric portals in New York, Dubai and 6 cities in India (Bangalore, Mumbai, Delhi, Chennai, Hyderabad, Kolkata).</p><p>Explocity.com delivers the ultimate city experience through city features, events, movies, useful city information and over 1,000 accurate retail listings in each city under various categories like shopping, eating out and travel.</p><p>Promoted by Mr Ramjee Chandran, the Managing Director and Editor-in-Chief, Explocity.com received the first round of funding from ICF Ventures and the second round from Rupert Murdoch.</p>  ]]></description>
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			<title>EBS Worldwide merges EON Pre-media, the pioneering pre-media production firm, into its business</title>
			<link>http://www.indiaprwire.com/pressrelease/internet/2008100913992.htm</link>
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			<pubDate>Mon, 13 Oct 2008 10:42:47 +0600</pubDate>
			<dc:creator>EBS Worldwide Services P.Ltd.</dc:creator>
			<category>Internet Technology</category>
			<guid>http://www.indiaprwire.com/pressrelease/internet/2008100913992.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[/India PRwire/ -     <p>EBS Worldwide (<a href="http://www.ebsworldwide.com/" target="_blank">www.ebsworldwide.com</a>), the leading Marketing Technology &amp; Services company based out of Mumbai, India will integrate the New Delhi based &#8216;EON Pre-media&#8217; (<a href="http://www.eonpremedia.co.in/" target="_blank">www.eonpremedia.co.in</a>), the pioneer in Marketing Production Services space, with its business (The merger is subject to regulatory clearances).</p><p>The path-breaking deal will expand EBS Worldwide&#8217;s industry leading, integrated cross-media direct marketing solutions bouquet with the addition of EON&#8217;s unique capabilities focused on Analog and Digital pre-media production space. These solutions include:</p>   <p>&#8226; Print Media production:  </p>   <p>&#252; Pre-Press &amp; Artwork Production</p>   <p>&#252; Image Management (Scanning, Pathing/Masking, Color Correction, Signage &amp; Silos)</p>   <p>&#252; Lay-out &amp; Artwork Production (Magazines, Brochures &amp; Annual Reports)</p>   <p>&#252; Book Publishing &amp; Page Composition</p>   <p>&#252; Functional Design &amp; Adaptations (POS material, multi-format magazines, packaging)</p>   <p>&#8226; Digital Media production:  </p>   <p>&#252; Online community collaboration tools (Wikis, Blogs etc.)</p>   <p>&#252; Rich Interactive Media services (for Kiosks, Web, CD etc.)</p>   <p>&#252; Audio/Video Editing</p>   <p>EON is promoted by <u>Mr. Suveen Sahib</u>, ex-CEO of Himalayan Water (now part of the TATA Group), <u>Mr. Ranjan Kapur</u>, Country Head WPP Group (The world&#8217;s largest advertising &amp; communications group), <u>Mr. Sunil Alagh</u>, ex-CEO of Britannia Industries (One of India&#8217;s largest food &amp; consumer goods companies) and <u>Mr. Karan Puri</u>, Head Media Publishing HCL Technologies.</p>   <p>As part of the deal, Mr. Sahib, Mr. Kapur &amp; Mr. Alagh will join the EBS board, with Mr. Sahib assuming the role of &#8216;Group COO&#8217; at EBS, reporting to Mr. Chris George.</p>   <p>The addition of EON brings with it a stellar management team, established capabilities and marquee clients in Europe &amp; the US.</p>   <p>This is EBS Worldwide&#8217;s second deal since the acquisition of the US based Interactive Marketing Group, Inc. (<a href="http://www.imgusa.com/" target="_blank">www.imgusa.com</a>) in March 2006 and is an effort to further its endeavor of building a global &#8216;Marketing Technology &amp; Services&#8217; company that helps clients, &#8216;Create, Manage &amp; Deliver&#8217; effective marketing initiatives across the Analog, Digital &amp; Production Services practice areas. </p>   <p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p> <p>EBS Worldwide is an execution-oriented Below-the-Line (BTL) marketing services provider that helps create, manage and deliver targeted marketing initiatives across media, using technology, processes and a global delivery model.</p>   <p>EBS provides the following services: </p>   <p>- <strong>Analog Marketing:</strong> Covering principally the &#39;analog&#39; domains of print, telephone, feet-on-street and event, EBS provides tailored solutions that include Customer Relationship Management (CRM), Loyalty Program Management, Print Direct Mail and Fulfillment (Marketing Collateral &amp; Merchandise).<strong> </strong></p>   <p>- <strong>Digital Marketing:</strong> Spanningemerging digital media like the web and wireless, EBS provides integrated, cross-media services including Web Development, Digital Research and Brand Consulting, Media Buying Services, and Search Engine and Mobile Marketing. This also includes a Marketing Resource management &#8216;Software-as-a-Service&#8217; (SaaS solution set that helps organizations effectively manage multi-format content delivery and the critical phases &amp; processes of marketing lifecycle. </p>   <p>- <strong>Production Services:</strong> These services enable rapid, accurate and cost-competitive rollout of Digital &amp; Analog marketing materials. The primary services include graphics design, artwork/layout production, packaging pre media, website and micro-sites production, and other rich media applications</p>   <p>Headquartered out of Mumbai, India, EBS consists of 300 professionalsworking out of offices in Mumbai, Delhi and the US, serving clients in the US, European and the Indian markets. </p>   <p>Key clients include <strong>HSBC, Kingfisher, ICICI Prudential, Reliance ADA Group, Bridgestone</strong> in India, <strong>Sony, IBM, Panasonic, Konica Minolta, W.L. Gore, McGraw Hill</strong> in the US and <strong>Publicis, Johnson &amp; Johnson</strong> in Europe. </p>   ]]></description>
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			<title>Grass Roots Group acquires Mumbai-based Tajonline.com</title>
			<link>http://www.indiaprwire.com/pressrelease/information-technology/2008100313805.htm</link>
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			<pubDate>Fri, 03 Oct 2008 17:17:28 +0600</pubDate>
			<dc:creator>grasshoppers</dc:creator>
			<category>Information Technology</category>
			<guid>http://www.indiaprwire.com/pressrelease/information-technology/2008100313805.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - UK-based Grass Roots Group has announced the acquisition of the Mumbai-based merchandise and corporate gift supplier Tajonline India Pvt Ltd. This latest investment by the performance improvement company gives it ownership of Tajonline.com; an online portal that caters for the needs of Indians based overseas who wish to send gifts to family and friends in their home country. Grass Roots has acquired 90% of the shares in the company with the remaining 10% owned by Charoo Aggarwal, the co-founder of Tajonline.</p><p>According to Mr. Stephen Hibberd, Grass Roots Group&#8217;s Regional Director in Asia, &#8220;With the acquisition of Tajonline, our capabilities in India are strengthened, particularly in the area of reward, recognition and incentive solutions for employees, channels and consumers. Acquisition will continue to be a component of our growth strategy in building capability in India; however we are focused now on combining the existing Grass Roots business with Tajonline to create a single Grass Roots business in India.&#8221; Under the new set-up, Ms. Charoo Aggarwal will be assuming the role of Managing Director of Grass Roots India.</p><p>Since its entry to India in September 2007, Grass Roots has worked with several industry leaders across sectors to drive business performance improvement through enhancing the behavior of their people. This acquisition is the latest feather in the company&#8217;s list of achievements. </p><p>Tajonline was among the first companies to enter the e-commerce arena in India and the company has grown from a turnover of INR 12 million in FY2002 to INR 111.5 million in FY2008 entirely through reinvested profits. Supported by a modern technology infrastructure and stringent operational processes, the platform has evolved from its original purpose of serving an overseas consumer market to administering and fulfilling reward and other marketing programs for corporations in the Indian market. </p><p>Grass Roots Group Chairman David Evans is enthusiastic about the prospects for this latest venture. &#8220;Combining technology with robust process and outstanding people has been the foundation of our success and with Tajonline we found exactly that. It&#8217;s an exciting part of the world for us to be operating in and I&#8217;m very confident in future growth for Grass Roots India, with a strong team under Stephen Hibberd&#8217;s leadership.&#8221; Mr. Evans said.</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p>Grass Roots India is a part of the Grass Roots Group PLC, an international business improvement services group, with offices all over Europe, Latin America, USA, Middle East and Asia Pacific. The Group had a turnover of &#163;284 million in 2007-08 and has over 2000 clients including 52 of the FTSE 100, 134 of the FT Global 500. The company offers a holistic range of performance improvement products and services for employees, customers and channel partners in the areas of communication, education, measurement, reward &amp; recognition and events. </p>]]></description>
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			<title>NETGEAR Announces Asset Acquisition of CP Secure, Inc.</title>
			<link>http://www.indiaprwire.com/pressrelease/security/2008100313806.htm</link>
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			<pubDate>Fri, 03 Oct 2008 15:33:28 +0600</pubDate>
			<dc:creator>Alliance PR</dc:creator>
			<category>High Tech Security</category>
			<guid>http://www.indiaprwire.com/pressrelease/security/2008100313806.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - NETGEAR&#174;, Inc. (NASDAQGM: NTGR), a worldwide provider of technologically advanced, branded networking products, has announced the execution of a definitive agreement to acquire the assets of privately-held CP Secure, Inc.</p><p>Founded in 2002 and with an established engineering center in Nanjing, China, CP Secure is a leading provider of integrated security solutions that protect organizations from Internet-originated web and email based malware threats. Its CSG family of products delivers network protection, web filtering and email security in an easy-to-deploy, intuitive and feature-rich platform. CP Secure&#8217;s patent-pending stream-based scanning technology enables real-time scanning of high-volume web and email traffic without degrading network performance, achieving up to five times better scanning performance than its competitors.</p><p>Under the terms of the agreement, NETGEAR will pay $14.0 million in cash for CP Secure&#8217;s assets. CP Secure will receive a total additional payout of up to $3.5 million in cash following closure of the acquisition if it achieves certain specified objectives. The acquisition is subject to various standard closing conditions and is expected to close in the fourth quarter. Following completion of the transaction, CP Secure&#8217;s Chief Executive Officer, Shuang Ji, will become NETGEAR&#8217;s Vice President of Engineering for security products.</p><p>&#8220;As SMBs increasingly rely on web 2.0 and email applications to conduct business with customers, partners, and vendors alike, SMBs are increasingly seeking effective and easy-to-administer integrated solutions to safeguard their networks and applications from Internet threats and ensure business continuity,&#8221; said Patrick Lo, Chairman and CEO of NETGEAR. &#8220;CP Secure&#8217;s offerings complement our current network security offerings, which include the NETGEAR ProSafe&#174; Wired and Wireless VPN Firewalls and Secure-Socket-Layer (SSL) VPN Concentrator. With an expanded security solution lineup that will incorporate CP Secure&#8217;s integrated platform, we can provide organizations with robust, comprehensive, zero-hour protection for their network, web access and email traffic. We also believe that the easy-to-deploy, easy-to-administer and real-time scanning performance features of the CP Secure solution will resonate with our target small and medium business customers.&#8221;</p><p>&#8221;Since its inception, CP Secure has continuously innovated new security products and technologies, such as our patent-pending real-time scanning feature,&#8221; said Shuang Ji, CEO of CP Secure. &#8220;Today, enterprises and public institutions worldwide such as Philips Intermagnetics and the Oregon Department of Environmental Quality depend on the CP Secure integrated security platform to protect their networks and applications. By leveraging NETGEAR&#8217;s leading brand name and global distribution channel and supply chain relationships, we believe we will be able to offer CP Secure&#8217;s enterprise-level security features to SMBs who are exposed to the same security threats as enterprises, and can and should expect the same degree of comprehensive network protection.&#8221;</p><p>Under the terms of the transaction, NETGEAR is acquiring a select team of CP Secure employees, including its Nanjing engineering center with over 40 engineering professionals, its pending patents, proprietary technologies, customer base, current products, and products in development. NETGEAR intends to release a full line of NETGEAR ProSecure&#8482; security appliances for web, email and unified threat management incorporating CP Secure&#8217;s platform within the next 12 months. The addition of CP Secure&#8217;s seasoned engineering team forms a dedicated, world-class group focused on hardware, software, and technology for network security appliances.</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About CP Secure, Inc.</strong></p><p>CP Secure, Inc. is a leading manufacturer of gateway content security appliances. The company protects all-sized organizations from network based malware through innovative technologies, effective products and solid support. For more information about CP Secure, Inc., please visit <a href="http://www.cpsecure.com/" target="_blank">www.cpsecure.com</a>.</p><p><strong>About NETGEAR, Inc. </strong></p><p>NETGEAR (NASDAQGM: NTGR) designs technologically advanced, branded networking solutions that address the specific needs of small and medium business and home users. The Company&#39;s product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. As an ENERGY STAR&#174; partner, NETGEAR offers products that prevent greenhouse gas emissions by meeting strict energy-efficiency specifications set by the U.S. government. NETGEAR is headquartered in San Jose, Calif. For more information, visit the company&#39;s Web site at http://www.netgear.com or call (408) 907-8000<strong>.</strong></p><p><em>&#169; 2008 NETGEAR, Inc. NETGEAR, the NETGEAR Logo, ProSafe and ProSecure are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved. </em></p><p><strong>Safe</strong><strong> Harbor</strong><strong> Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:</strong></p><p>This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning the anticipated acquisition of the assets of CP Secure, Inc. and the timing of such transaction, the contribution of CP Secure&#8217;s platform, technology and engineering team to NETGEAR&#8217;s future business and product lines, and the expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR&#8217;s products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management&#8217;s current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the consummation of the acquisition of CP Secure, Inc. depends upon the satisfaction of a number of closing conditions which may not be met, NETGEAR may not be successful in integrating CP Secure&#8217;s platform, technology and engineering team, the actual price, performance and ease of use of CP Secure&#8217;s security solution may not met the price, performance and ease of use requirements of customers, product performance may be adversely affected by real world operating conditions, new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR&#8217;s products, the ability of NETGEAR to market and sell its products and technology, the impact and pricing of competing products and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company&#8217;s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled &#8220;Part II - Item 1A. Risk Factors&#8221;, pages 28 through 38, in the Company&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended June 29, 2008, filed with the Securities and Exchange Commission on August 8, 2008. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.</p>]]></description>
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			<title>Microchip Technology and ON Semiconductor Propose to acquire ATMEL for $5.00 per share in cash</title>
			<link>http://www.indiaprwire.com/pressrelease/electronic-components/2008100313783.htm</link>
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			<pubDate>Fri, 03 Oct 2008 10:17:15 +0600</pubDate>
			<dc:creator>Brodeur India</dc:creator>
			<category>Electronic Components</category>
			<guid>http://www.indiaprwire.com/pressrelease/electronic-components/2008100313783.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Microchip Technology Incorporated (NASDAQ: MCHP) and ON Semiconductor Corporation (NASDAQ: ONNN) today announced that they have sent a proposal to the Board of Directors of Atmel Corporation (NASDAQ: ATML) to acquire Atmel for $5.00 per share in cash. The proposal, which is being led by Microchip, provides a premium of 52.4% to Atmel&#8217;s closing price of $3.28 on October 1, 2008, and values Atmel at $2.3 billion.</p><p>The text of the letter that was sent to Atmel&#8217;s Board of Directors last night follows:</p><p>October 1, 2008</p><p>Board of Directors</p><p>Atmel Corporation</p><p>2325 Orchard Parkway</p><p>San Jose, CA 95131</p><p>Attention: Steven Laub, President and Chief Executive Officer</p><p>Dear Steven:</p><p>We appreciate your having taken the time to meet with Steve Sanghi on September 5th to discuss Microchip&#8217;s potential acquisition of Atmel. However, we were deeply disappointed to learn subsequently that the Atmel Board of Directors appears unwilling to consider a transaction at this time under any circumstances. Given your apparent refusal to engage in transaction discussions, we are writing to you to formally propose an acquisition of Atmel for $5.00 per share in cash. The acquisition would be led by Microchip and financed in part by the sale of Atmel&#8217;s nonvolatile memory and RF and automotive businesses to ON Semiconductor.</p><p><strong><em>Our Offer Would Provide A Significant and Immediate Premium for Atmel Stockholders</em></strong></p><p>We believe that this offer, which represents a 52.4% premium over Atmel&#8217;s closing share price on October 1, 2008, is simply too compelling not to bring to your shareholders. Although we have a preference to effect a cash transaction, should you feel your stockholders would prefer a form of consideration other than cash, we would consider including common stock as a portion of the consideration.</p><p>This offer is full and fair and would deliver to your stockholders CY2008 EBIT and CY2008 P/E multiples of 19x and 28x, respectively, based on Wall Street estimates (multiples exclude approximately $60 million of restructuring charges and approximately $25 million of stock based compensation). It offers your stockholders an extremely attractive return based on these and other relevant financial metrics, especially when weighed against the challenges in creating shareholder value that Atmel will face if it continues on a standalone basis. The transformation plan that Atmel adopted a year and a half ago in the face of a proxy contest brought by its founder is incomplete and continues to face significant execution risks and obstacles:</p><ul><li><strong>Continued Burden of Lagging and Sub-scale Operating Segments</strong> &#8211; Atmel has reiterated frequently that the core tenant of its transformation plan is refocusing its resources on its microcontroller business; however, Atmel&#8217;s underperforming ASIC and Auto businesses today remain very significant within the company&#8217;s overall business. These Atmel segments are significantly below the scale that is necessary for success and they will continue to be a heavy anchor on Atmel&#8217;s future operating results.</li><li><strong>Considerable Execution Challenges</strong> &#8211; Although Atmel has made some progress to date in disposing of unproductive fab assets and achieved modest improvements in operating results under its previously announced plan, the likelihood and timing of successfully executing on the plan is uncertain at best. Disposal of unneeded fabs is only the first part of what has been, and will continue to be, a lengthy and difficult strategic shift for Atmel. For example, even with the changes Atmel has completed to date, the operating margin for its microcontroller business is significantly lagging industry leaders such as Microchip. </li><li><strong>Deteriorating Macroeconomic Environment</strong> &#8211; Even in a stable or growing economic environment, successful execution of the company&#8217;s announced plan is fraught with uncertainty. Against this background of significant execution risk, however, you confront a rapidly deteriorating U.S. and global macroeconomic environment that will magnify these risks and increase the likelihood of failure. </li><li><strong>Lagging Stock Price &#8211; </strong>Even with the changes Atmel has announced in connection with its current business plan and the actions it has taken to date, your stockholders have seen a 46% decline in the value of their shares in the last two years. Both the stocks of Microchip and ON Semiconductor, as well as the overall Nasdaq and SOXX indices, have performed better than Atmel&#8217;s during this two year period. </li></ul><p>We believe your stockholders are aware of, and fully appreciate, these risks and challenges confronting Atmel&#8217;s current course and will find the certain value we are offering for their shares to be an attractive alternative to the otherwise uncertain future facing Atmel.</p><p><strong><em>Contemplated Transaction</em></strong></p><p>As the lead participant, Microchip would acquire Atmel in a cash merger (subject to Atmel&#8217;s potential desire for some common stock). The transaction would be financed with a combination of cash from Microchip and proceeds from the sale of certain Atmel assets to ON Semiconductor. With respect to the latter, ON Semiconductor would acquire the assets related to Atmel&#8217;s nonvolatile memory and RF and automotive businesses immediately prior to the merger closing. ON Semiconductor would finance its purchase using a combination of existing cash resources, borrowings under its existing credit facility and additional financing. </p><p>Although not a condition to our offer, Microchip intends to dispose of Atmel&#8217;s ASIC business upon completing the acquisition or shortly thereafter. Microchip is confident that it could divest the business and has engaged recently in discussions with a third party who has expressed interest in acquiring it. </p><p><strong><em>Compelling Business Rationale that will Benefit Customers and Business Partners</em></strong></p><p>It is clear that your businesses would thrive inside Microchip and ON Semiconductor. Microchip is a leading provider of microcontrollers and analog semiconductors, having posted industry-leading financial results and superior shareholder returns. Microchip has a proven reputation for providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide spanning the automotive, communications, computing, consumer and industrial control markets. And ON Semiconductor is a leader in analog and mixed signal technology and design, with a focus on driving shareholder returns through strong margins and superior cash flow. ON Semiconductor is well-positioned as a preferred supplier of efficient power solutions to customers in the power supply, automotive, communication, computer, digital and consumer, medial, industrial and military/aerospace markets, with recognized excellence in sales and marketing, supply chain management and world class, high volume, cost effective manufacturing.</p><p>Your customers and business partners will benefit from a more complete, robust and competitive product offering from a combined company that is better positioned to deliver high-quality design components immediately as well as technology road maps and innovative solutions to help them stay ahead of tomorrow&#8217;s design trends.</p><p><strong><em>Attractive Opportunity for Atmel&#8217;s Talented Employee Base</em></strong></p><p>We also believe the transaction we are proposing represents a uniquely attractive opportunity for Atmel&#8217;s employees to join with companies better able to respond to marketplace challenges and compete successfully over the long-term. We have the highest respect for the quality of Atmel&#8217;s work-force and its culture of innovation. A significant portion of the transaction value is represented by the talented employees that would continue to work for our companies going forward. We are therefore ready to discuss with you the best way to structure incentives to retain and motivate your key talent following the transaction.</p><p><strong><em>Prepared to Engage in Meaningful Discussions Promptly</em></strong></p><p>We have dedicated significant time and resources in evaluating the merits and risks of this transaction and are confident that it can be consummated expeditiously in partnership with your team. We have reviewed the transaction with our respective counsel and are confident that the transaction will receive all necessary regulatory approvals. Although we have completed extensive due diligence based on publicly available information, our proposal is of course subject to customary due diligence, as well as the negotiation of definitive transaction agreements (including with respect to ON Semiconductor&#8217;s additional financing) and the satisfaction of customary conditions to be set forth in such agreements. We have retained J.P. Morgan to act as our financial advisor and Simpson Thacher &amp; Bartlett LLP and DLA Piper as legal advisors. We and our advisors are available to meet with you immediately to discuss the terms of our proposal and to commence due diligence and the negotiation of definitive documentation for the transaction.</p><p>We believe now is the right time to pursue the transaction, and we are committed to moving forward on an expedited basis. Considering the substantial premium and other compelling benefits of this proposal, we are confident that, given the opportunity, Atmel&#8217;s stockholders and your other stakeholders will enthusiastically support this offer. In light of the foregoing, we ask that you engage us in a meaningful and productive discussion about this proposal promptly and with a sense of urgency. We remain available to meet with you further to continue to discuss the value creation opportunity that the potential transaction represents. We look forward to your prompt response. </p><p>Sincerely,</p><p>Steven SanghiKeith Jackson</p><p>President, Chief Executive Officer and  President and Chief Executive Officer</p><p>Chairman of the BoardON Semiconductor Corporation</p><p>Microchip Technology Incorporated </p><p>Microchip and ON Semiconductor will host a joint analyst/investor conference call on Thursday, October 2, 2008 at 9:00a.m. Eastern Time to discuss the announcement. The dial-in number for United States callers is (800) 214-0694 and the dial-in for participants located outside the United States is (719) 955-1425. The passcode for all callers is 300066. Please dial in at least 10 minutes in advance of the call. A slide presentation and live audio webcast of the call will be available at www.microchip.com and www.onsemi.com. Playback of the conference call will be available for replay through the close of business on October 9, 2008, and can be accessed by dialing (888) 348-4629 from within the United States or (719) 884-8882 from outside the United States. The passcode for the replay is 300066.</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p>]]></description>
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			<title>Global Green announces acquisition of Hungary based Puszta Konzerv</title>
			<link>http://www.indiaprwire.com/pressrelease/food/2008092413457.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/food/2008092413457.htm#comments</comments>
			<pubDate>Wed, 24 Sep 2008 15:03:54 +0600</pubDate>
			<dc:creator>Image Inc.</dc:creator>
			<category>Food/Beverages</category>
			<guid>http://www.indiaprwire.com/pressrelease/food/2008092413457.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - The Global Green Company Limited, the foods division of the US$ 3 bn Avantha Group, today announced the completion of the acquisition of Hungarian company Puszta Konzerv Kft. Based in Balmazujvaros, near Debrecen in Eastern Hungary, Puszta Konzerv manufactures sweet corn, peas, gherkins, mixed pickles, lecs&#243; and tomatoes.</p><p><strong>Mr. Gautam Thapar, Chairman &amp; CEO, Avantha Group </strong>said,<strong> </strong>&#8220;Avantha is on a path to significantly scale up emerging businesses, and we foresee a growth opportunity in the acquisition of Puszta. This strategic move will also strengthen our plans to consolidate market leadership globally.&#8221; </p><p>Elaborating on Avantha&#8217;s growing association with the East European country, Mr. Thapar said, &#8220;The Group now has a larger presence in Hungary. Besides Puszta, Global Green already has facilities in Dunakiliti, while Ganz, which is well known for its design and manufacture of mineral oil immersed transformers, HT motors and EHV switchgear, is headquartered in this country.&#8221;</p><p><strong>Mr. Vineet Chhabra, Managing Director and Group CEO of Global Green</strong> said, &#8220;The acquisition is part of a long-term strategy to quadruple Global Green&#8217;s business by 2013. Puszta has a strong presence in Eastern and Central European markets, including the Baltic States and the Balkan Region, and hence this acquisition will give Global Green a footprint in that region. Further, there will be an opportunity to cross-leverage products to all customers globally.&#8221; </p><p>Puszta Konzerv Kft. was established in 2001 by two Hungarian businessmen to produce different types of canned vegetables and fruit. </p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong><em>About Avantha:</em></strong></p><p><em>The US$ 3 bn Avantha Group </em><em>is one of India&#8217;s leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power &amp; Infrastructure, Solaris ChemTech, Salient Business Solutions, and Avantha Technologies. International subsidiaries include Pauwels, SFI, Intergarden, Ganz, Microsol and Sonomatra. </em></p><p><em>The Group has business interests in diverse areas including power transmission and distribution equipments and services, paper and pulp, energy, infrastructure, food processing, farm forestry, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors. </em><em>The Group is on an aggressive growth path, with a targeted turnover of US$ 10 bn and a market capitalization of US$ 25 bn by 2013. </em></p><p><strong><em>The Global Green Company Limited</em></strong></p><p><em>The Global Green Company is the foods division of the US$ 3 bn Avantha Group, and is one of the sunrise companies within the Group&#8217;s investment portfolio. Global Green cultivates, processes and markets gherkins, jalape</em><em>&#241;</em><em>os, pearl onions, capers, pritamin peppers, sweet and sour cherries, and sweet corn. The company has its customer base in 50 countries around the world. Global Green operates</em><em> three state-of-the-art plants in India, which are located strategically in key growing areas. Its international plants are located in Dunakiliti (Hungary), Aalst (Belgium) and Floragarden (Turkey). </em></p>]]></description>
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			<title>Dialogic Corporation Enters into Agreement to Acquire NMS Communications Platforms Business</title>
			<link>http://www.indiaprwire.com/pressrelease/telecommunications/2008091513063.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/telecommunications/2008091513063.htm#comments</comments>
			<pubDate>Mon, 15 Sep 2008 15:42:05 +0600</pubDate>
			<dc:creator>Brodeur India</dc:creator>
			<category>Telecommunications</category>
			<guid>http://www.indiaprwire.com/pressrelease/telecommunications/2008091513063.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Dialogic Corporation (&#8220;Dialogic&#8221;) has announced that it has entered into a definitive agreement with NMS Communications Corporation (&#8220;NMS&#8221;) through which Dialogic plans to acquire the NMS Communications Platforms business, which provides enabling technology and tools for value-added services in mobile telecommunications. The NMS Communications Platforms business features the Open Access family of boards and APIs including PacketMedia Host Media Processing, and the AG series, TX series, CG series, MG series as well as the Vision family of servers and gateways.</p><p>Under the terms of the definitive agreement, Dialogic plans to acquire the NMS Communications Platforms business and associated assets and agreed upon liabilities for total consideration of $28M in cash, subject to certain adjustments set forth in such definitive agreement. The transaction has been unanimously approved by NMS&#8217;s board of directors and is expected to close in the fourth quarter of 2008 subject to the receipt of required regulatory approvals and satisfaction of customary closing conditions. The transaction is also subject to approval by the stockholders of NMS, and a special meeting of NMS&#8217;s stockholders is anticipated to be held during the fourth quarter of 2008.</p><p>&#8220;The mobile value added service market segment is a critical growth area for Dialogic and, as such, NMS&#8217;s products and employees will be an important asset to us going forward. The inclusion of video as an increasingly important element of a typical mobile phone call is an important investment area for Dialogic. Combining the Dialogic&#174; video technology with the NMS Vision product line will enable a quicker time to market and a more complete product offering thaneither of us could have provided on our own&#8221;, said Nick Jensen, Dialogic&#8217;s President and CEO. &#8220;NMS&#8217;s excellent high density technology enabling boards will also complement the current Dialogic TDM, IP and hybrid technology enabling offerings.&#8221;</p><p>&#8220;We are pleased that Dialogic is acquiring the NMS Communications Platforms business&#8221;, said Bob Schechter, NMS&#8217;s Chairman and CEO. &#8220;We believe that Dialogic will be a great supplier of superior technology and innovation to the NMS customer base, including LiveWire Mobile, going forward.&#8221;</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p>]]></description>
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			<title>ICSA INDIA Secures Work Orders worth Rs. 236.14 crores</title>
			<link>http://www.indiaprwire.com/pressrelease/other/2008090812800.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/other/2008090812800.htm#comments</comments>
			<pubDate>Mon, 08 Sep 2008 14:57:42 +0600</pubDate>
			<dc:creator>concept</dc:creator>
			<category>Other</category>
			<guid>http://www.indiaprwire.com/pressrelease/other/2008090812800.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - ICSA India Ltd., which provides embedded technology solutions for the power sector, has secured work orders for a total contract value of Rs. 236.14 crores from Mahavitaran (Maharashtra State Electricity Distribution Co. Ltd.) and M.P. Paschim Kshetra Vidyut Vitaran Co. Ltd. </p><p>The Rs. 204.22 crore order from Mahavitran was for the construction and commissioning of sub transmission lines, power transformers, new substations, augmenting of existing substations, distribution transformers of varying capacities and allied works. </p><p>The second order worth Rs. 31.92 crore from M.P. Paschim Ksehtra Vidyut Vitaran Co. Ltd. was for the supply of material, survey, erection and installation, and commissioning of 11 KV line and bays with VCB and metering. </p><p><strong>&#8220;A swelling order book position reinforces the company&#8217;s capabilities in the transmission and distribution sector. We hope to complete schedules in good time, and be one of the sought after companies in the Power distribution sector.&#8221; said Mr. C. Bala Reddy, CMD, ICSA India Ltd.</strong></p><p>ICSA&#8217;s solutions for the power sector identify Transmission and Distribution (T&amp;D) losses and monitor power consumption using GSM Network. The Company has made commendable progress in the embedded technology segment of the Power Sector with products like Substation Controllers, Distribution Transformer Controllers, and Automatic Meter Reading Systems.</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About ICSA (India) Ltd.</strong></p><p>ICSA(India) Ltd is in the business of construction of power transmission lines and substations. The company&#39;s product line includes: Intelligent Automatic Reading System, Multiplexer Unit, Distribution Transformer Monitoring System, Substation Controller, Micro Remote Terminal Unit, Theft Detection Devices, and Pole Top RTU. </p><p>The company has developed products suitable for power utilities in the field of Energy Management, Energy Audit, and Control applications and provides versatile Data Acquisition Systems using GSM, CDMA, and RF. </p><p><strong>For further information, please contact: </strong>Geeta Fadnavis Concept PR,Hyderabad 9849256292,23393003-geeta@conceptpr.com</p>]]></description>
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			<title>BCCL picks up stake in Manhattan Communications Private Limited</title>
			<link>http://www.indiaprwire.com/pressrelease/publishing/2008090512757.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/publishing/2008090512757.htm#comments</comments>
			<pubDate>Fri, 05 Sep 2008 21:17:51 +0600</pubDate>
			<dc:creator>MediaMorphosis Inc</dc:creator>
			<category>Publishing/Information Services</category>
			<guid>http://www.indiaprwire.com/pressrelease/publishing/2008090512757.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Bennett, Coleman &amp; Co Ltd. (BCCL), one of the largest media conglomerates in India and the publisher of Times of India has acquired a stake in Manhattan Communications (India) Private Limited, through Times Private Treaties. Manhattan Communications specializes in total marketing solutions which include advertising, branding, public relations, marketing (media, interactive, ATL, BTL) and events in India.</p><p>Manhattan Communication boasts a client base which includes some of India&#8217;s top brands providing innovative strategies and solutions to meet their marketing objectives from branding to aggressive acquisitions facilitated via traditional methods, guerrilla marketing or innovation. The company is an integrated affiliate of MediaMorphosis Inc., a full service marketing agency located in the United States that specializes in targeting ethnic markets, specifically the growing South Asian Diaspora in North America, UK, and Europe.</p><p>Speaking on the tie-up with BCCL Mr. Adris Chakraborty, Chairman said, &#8220;we are extremely excited to partner with Bennett, Coleman &amp; Co Ltd as we feel the partnership offers us a significant resource which we can use to continue to push the envelope for our clients and partners to help them compete in the now global market. Clients look to us to bring them to leadership positions in their respective category, we feel with BCCL we can better deliver on this goal&#8221;.</p><p>Manhattan Communications delivers ROI to its clients by tapping into its extensive pool of global resources and partners to effectively deliver on objectives at cost. It holds strategic partnership with market leaders in entertainment, creative, web 2.0, digital services and media. Its full service affiliates include leading ethnic marketing agencies Here&amp;Now365 communications in the UK and MediaMorphosis Inc in the North America. More information can be found on their website <a href="http://www.mymanhattancom.com/" target="_blank">www.mymanhattancom.com</a>.</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p>]]></description>
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			<title>Molex announces that it has become a substantial share holder in HCS</title>
			<link>http://www.indiaprwire.com/pressrelease/telecommunications/2008082512367.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/telecommunications/2008082512367.htm#comments</comments>
			<pubDate>Mon, 25 Aug 2008 15:11:37 +0600</pubDate>
			<dc:creator>Molex Premise Networks</dc:creator>
			<category>Telecommunications</category>
			<guid>http://www.indiaprwire.com/pressrelease/telecommunications/2008082512367.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Molex Incorporated (NASDAQ: MOLX,MOLXA) , through its Premise Networks business unit, announced that it has become a substantial share holder in HCS, a manufacturer in Turkey that produces high performance cables for the structured cabling market. HCS has its commercial operation in Istanbul and its manufacturing facility in Kayseri.</p><p>Dennis Curtis, President of Molex Premise Networks, said &#8220;We are excited about this opportunity and are confident that adding high performance cables to our solutions portfolio will significantly improve our competitive position in the structured cabling marketplace. HCS is a world class manufacturing company that produces high quality data cable products&#8221;. </p><p>Mr. Mustafa Boydak, HCS Chairman of Board said &#8220;The combination of Molex&#8217;s global footprint in the market, and our expertise in manufacturing data cabling products, is a winning formula. We look forward to working with Molex to expand our market penetration.&#8221;</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About HCS</strong></p><p>HCS is a manufacturer of high quality data cables for the Structured Cabling System Market.. The company offers an extensive cabling product portfolio and its technical and manufacturing expertise has earned HCS a strong reputation in the European markets it serves. All HCS products are manufactured to meet or exceed all relevant Industry standards including ISO/IEc 11801, IEC 61156, CENELEC EN 50173, TIA/EIA-568 (A and TIA/EIA-568B.</p><p><strong>About Molex<br /></strong>Molex Incorporated is a 70-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the company operates 59 manufacturing facilities in 19 countries. The Molex Premise Networks&#8217; website is <a href="http://www.molexpn.com/" target="_blank">www.molexpn.com</a>.</p>]]></description>
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			<title>Adriana Partners With ArcelorMittal</title>
			<link>http://www.indiaprwire.com/pressrelease/mining-metals/2008082212306.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/mining-metals/2008082212306.htm#comments</comments>
			<pubDate>Fri, 22 Aug 2008 10:28:18 +0600</pubDate>
			<dc:creator>India PRwire Pvt. Ltd.</dc:creator>
			<category>Mining/Metals</category>
			<guid>http://www.indiaprwire.com/pressrelease/mining-metals/2008082212306.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Adriana Resources Inc. (&#34;Adriana&#34; or the &#34;Company&#34;) - (TSX VENTURE: ADI) is pleased to announce that it has reached an agreement (the &#34;Port Agreement&#34;) with ArcelorMittal, the world&#39;s leading steel company, on the principal terms for the development of an iron ore port facility in the State of Rio de Janeiro, Brazil (the &#34;Port&#34;). The Port will be constructed on lands acquired by Adriana in January 2008 (the &#34;Joint Venture&#34;). </p><p><strong>Highlights </strong></p><p>Adriana will partner with ArcelorMittal to advance an iron ore strategy to become a fully integrated iron ore producer. The Joint Venture will include the following material elements: <br /></p><ul><li>Through a series of transactions, ArcelorMittal will acquire 80% of the Port for total consideration of approximately $40.5 million USD with Adriana holding the remaining 20%; </li><li>ArcelorMittal has agreed to acquire up to 19.9% of the Company&#39;s common shares which represents up to $25 million CDN (or up to approximately 24,900,000 common shares) in two private placements and will also be granted a seat on Adriana&#39;s Board of Directors; </li><li>The parties will each fund their pro rata portion of the Port development costs estimated to total approximately $250 million USD for the 10 million tonne per annum (&#34;Mtpa&#34;) port; </li><li>ArcelorMittal will assist Adriana in sourcing funding for Adriana&#39;s portion of the Port development costs (&#34;Port Debt&#34;); </li><li>The parties will share in the capacity of the Port, in proportion to their ownership and Adriana expects to have a minimum of 2 million tonnes iron ore throughput with the planned development of the Port to 10Mtpa; </li><li>ArcelorMittal and Adriana have agreed to investigate future strategic and mutually beneficial world-wide opportunities; and </li><li>Upon closing the Port Agreement and related financings, Adriana expects to have over $65 million CDN in working capital inclusive of the above referenced private placements with ArcelorMittal.</li></ul><p>Michael Beley, President and CEO of the Company stated, &#34;Three years ago, Adriana recognized the surging mineral super cycle and through strategic partnerships with Athena and WorldLink, quickly identified the need for a new iron ore port facility in Brazil that would create an export opportunity to deliver iron ore to the &#34;End User&#34;. Today we have partnered with the leading steel corporation in the world to export iron ore from Brazil. Partnering with ArcelorMittal is a significant milestone in the advancement of our Brazilian iron ore strategy. ArcelorMittal brings the global expertise in mining, ports, seaborne shipping logistics and the ability to finance large infrastructure and mining projects through to operation.&#34; </p><p>Aditya Mittal, Chief Financial Officer and Member of ArcelorMittal&#39;s Group Management Board, stated, &#34;The planned port facility at Sepetiba Bay in Brazil is the ideal captive solution to deliver access to the export market for ore from the Iron Quadrangle region.&#34; </p><p><strong>Background to the Port Development </strong></p><p>The acquisition of the Port lands was disclosed in the Company&#39;s news release dated January 10, 2008. In summary, the Company purchased a total of 771,818 square meters of land on the coast of Brazil (Bay of Sepetiba) for the development of an iron ore port facility. The purchase of an additional 85,757 square meters is expected to be completed during the third or fourth quarter of 2008. Since January 2008, the Company has been developing key strategic relationships and establishing a team of mining, port engineering, shipping and iron ore trading professionals to assist in advancing the Company&#39;s iron ore strategy. </p><p>Prior to the Port Agreement, the Company had commenced the engineering and permitting required to develop a port facility capable of handling 5 - 10Mtpa of iron ore at inception and increasing to a potential 50 million tonnes by year five through the accelerated development of a deep water port facility. The Port Agreement is the culmination of the Company&#39;s strategy in Brazil to develop the port facility with an end-user of iron ore. Given the capital-intensive nature of the project, the Company expects that the Port Agreement will establish the required funding, technical and regional expertise, and industry recognition to move the project through to completion and revenue generation. </p><p>Pursuant to the terms of the Port Agreement, ArcelorMittal has agreed to jointly develop the Port with the Company and acquire 80% of the Port for a lump-sum payment of approximately $40.5 million USD. The Company will retain the remaining 20% of the Port with pre-emptive rights until the Port reaches a capacity of 20Mtpa. </p><p>ArcelorMittal will use reasonable endeavours to assist Adriana in obtaining its portion of the Port Debt. Each party undertakes that it will be responsible for servicing and repaying its respective share of the Port Debt, consistent with its percentage ownership. The Company believes this support will substantially minimize dilution to the Company&#39;s common shareholders. In addition, ArcelorMittal will own 80% of the proposed port capacity while the remaining 20% will be retained by the Company. Port capacity in excess of 20Mtpa will be subject to further negotiation and may result in the Company increasing its utilization rights. </p><p>The two companies also agreed to co-operate to explore future strategic and mutually beneficial world-wide opportunities, although neither party is obliged to enter into any agreements. </p><p>Pursuant to the terms of the Port Agreement, the Company has agreed to acquire all of the third party owned interests in Brazore Holdings Ltd. (&#34;Brazore Barbados&#34;), of which the Company currently beneficially owns 60% of the outstanding issued share capital. The acquisition cost for the minority interest, held by Athena Resources L.L.C. (&#34;Athena&#34;), will be $19.6 million USD. The Company and Athena have agreed that up to $19.6 million USD of the purchase price will be paid in shares of the Company at a deemed price of $1.10 CDN. In 2006, Athena brought the Port opportunity to Adriana based on Adriana management&#39;s previous successful track record within Brazil and ability to advance projects on a global scale. Adriana and Athena continue to work closely together to review other opportunities within Brazil. </p><p>In addition to the consolidation of the minority interest in Brazore Barbados, the Company has agreed to acquire the minority interests of its Brazilian subsidiary for consideration of approximately $3.5 million USD. The Company and the minority interest holders have agreed that up to $1 million USD of the purchase price may be paid in shares of the Company at a deemed price of $1.10 CDN.</p><p>The Company&#39;s agreement with the WorldLink Group in respect of port utilisation has been amended to match the Company&#39;s Port off-take capacity of 20%. No further obligations are contemplated in connection with the WorldLink agreement. </p><p>The Port Agreement is subject to applicable regulatory and corporate approvals and the negotiation and execution of a definitive agreement by the parties which is anticipated to be concluded by September 30, 2008 (the &#34;Definitive Agreement&#34;). </p><p>Upon completion of the proposed transactions Adriana will move forward with three strategic alliances: ArcelorMittal, WorldLink Group and Athena Resources L.L.C. Such partnerships and supported iron ore strategy will allow minimal dilution for shareholders for future project financings. </p><p><strong>Private Placements </strong></p><p>In connection with the transaction, ArcelorMittal has agreed to participate in a non-brokered private placement for proceeds of $6.45 million CDN (the &#34;Debenture&#34;). The Debenture will have a three-year term and will bear interest at 7% per annum. The principal amount of the Debenture is convertible into common shares of the Company at a conversion price of $0.90 if exercised in the first two years of the Debenture and at a price of $0.99 if exercised in the third and final year of the Debenture. Interest on the Debenture will be convertible at the market price of the Company&#39;s shares on such conversion date. Up to 7,166,667 common shares of the Company will be reserved for listing on the TSX Venture Exchange (the &#34;TSX-V&#34;) as the maximum number of securities issuable to ArcelorMittal upon conversion for the principal of the Debenture (or approximately 10% of the current issued and outstanding common shares of the Company). Additional common shares of the Company will be reserved for listing on the TSX-V to satisfy the conversion related to the interest on the Debenture. The Debenture is subject to regulatory approval and the Debenture and Common Shares issuable upon conversion of the Debenture will be subject to applicable statutory hold periods from the date the Debenture is issued. </p><p>The Company expects that it will issue additional debentures to other parties on the same terms as above (together the &#34;Debentures&#34;) bringing the intended gross proceeds of the debt offering of up to $9 million CDN. Proceeds from the issue and sale of the Debentures will be utilized for the Company&#39;s ongoing commitments in Brazil and Canada, as well as the acquisition of the minority interests in Brazore Barbados and Brazore Brazil as described above. </p><p>Upon completion of the Definitive Agreement, ArcelorMittal has agreed to invest additional capital into the Company by way of a non-brokered private placement of common shares (the &#34;Share Placement&#34;) and intends to acquire up to 19.9% of the Company&#39;s common shares after taking into account potential shares issued upon the conversion of its Debentures and the Share Placement. It is anticipated that the gross proceeds of the proposed Share Placement will be up to $18 million CDN at $1.10 per common share (representing approximately 18,000,000 common shares) and will be utilized for funding the Company&#39;s proportionate share of development costs in connection with the port facility and for additional working capital. </p><p>The acquisition of the minority interests in Brazore Barbados and Brazore Brazil, the Debenture financing and the proposed Share Placement all remain subject to regulatory approval and all securities issued in connection with the proposed transaction will be subject to a hold period of not less than 4 months from the date of issue of the securities. </p><p><strong>About ArcelorMittal </strong></p><p>ArcelorMittal is the world&#39;s leading steel company, with over 320,000 employees in more than 60 countries. </p><p>ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&amp;D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature. </p><p>Through its core values of sustainability, quality and leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge: it takes a leading role in the industry&#39;s efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change. </p><p>In 2007 ArcelorMittal had revenues of 105.2 billion USD and crude steel production of 116 million tonnes, representing around 10 per cent of world steel output. </p><p>ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). </p><p>For more information about ArcelorMittal visit: www.arcelormittal.com or to obtain a copy of the Early Warning Report filed by ArcelorMittal pursuant to applicable securities laws, please contact:</p><p>Haroon Hassan<br />General Manager, Corporate Communications<br />Head of Media Relations<br />7th Floor, Berkeley Square House<br />Berkeley Square<br />London, W1J 6DA<br />United Kingdom<br />Tel: +44 (0)20 3214 2847</p><p><strong>About Adriana Resources Inc. </strong></p><p>Adriana&#39;s goal is to become a fully integrated iron ore producer through strategic partnerships, acquisitions and development projects. The continued development of its iron ore port facility in Brazil, jointly owned by ArcelorMittal, will be a significant milestone in advancing that goal with Adriana having access to a minimum of 2 million tonnes of iron ore capacity that will grow as the Port develops in size. Adriana is committed to the acquisition of iron ore assets in South East Brazil that are strategically located and able to access the Port. The Company is continuing development of its 100% owned Lac Otelnuk, December Lake and Bedford iron properties in Quebec and Labrador &amp; Newfoundland, respectively and actively pursuing iron ore acquisitions around the world and through its partnerships with ArcelorMittal, WorldLink Group and Athena. Adriana&#39;s management and technical team continue to review other opportunities to further enhance the Company&#39;s position as &#34;The New Player in Iron Ore&#34;. </p><p>ON BEHALF OF ADRIANA RESOURCES INC. </p><p>Michael J. Beley, President </p><p>Certain information regarding the Company including management&#39;s assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. </p><p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. </p><p><strong>Contacts:</strong><br />Adriana Resources Inc.<br />Robert Ferguson<br />(604) 629-0250 or Toll Free: 1-877-629-0150</p><p>Adriana Resources Inc.<br />Ali Sinawi<br />(604) 629-0250 or Toll Free: 1-877-629-0150<br />(604) 629-0923 (FAX)<br />Website: www.adrianaresources.com<br /></p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p>]]></description>
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			<title>Leading Indian Online Property Portal - RealAcres.com Acquired by Asia&#039;s No. 1 Online Property Group, iProperty.com</title>
			<link>http://www.indiaprwire.com/pressrelease/real-estate/2008081512124.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/real-estate/2008081512124.htm#comments</comments>
			<pubDate>Thu, 14 Aug 2008 15:09:43 +0600</pubDate>
			<dc:creator>Horizon InfoVentures Pvt. Ltd.</dc:creator>
			<category>Real Estate</category>
			<guid>http://www.indiaprwire.com/pressrelease/real-estate/2008081512124.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - The iProperty.com Group, Asia&#8217;s leading network of property portals owned by Australian Securities Exchange-listed IPGA Limited (ASX: IPP), has entered into an agreement to acquire a controlling stake in Horizon Infoventures Private Limited, owner of the leading Indian property buying website, RealAcres.com (www.realacres.com).</p><p>Based in Mumbai, RealAcres.com boasts over 211,000 property listings on its websites and approximately 100,000 unique visitors each month[1]. The company currently focuses on the Western India market, though it maintains property portals for all major cities across the country. The exclusive online real estate media company had also launched &#8220;RealAcres TV Shows&#8221; early this year, a new segment featuring Online Television Interviews of real estate players. The exciting new segment features interviews with various top builders, developers and real estate experts sharing their views on the booming real estate market as well as shedding light on their company products and profile. The growth of RealAcres.com, coupled with the rapidly booming India real estate market, underscores the company&#8217;s potential. </p><p>Mr Patrick Grove, Executive Chairman of iProperty.com, noted: &#34;We are delighted with the acquisition of RealAcres.com in India. It has huge potential for growth and we are very excited to have the opportunity to work with the talented, dedicated and motivated local team to rapidly consolidate the market position of RealAcres.com and move to dominate the India market in due course. We firmly believe that application of our vast experience to the exciting, high-growth India market will allow us a fantastic opportunity for enormous success.&#8221; </p><p>As the bustling Indian economy continues to make leaps and bounds into the future, its flourishing property market and active developers continue to grow exponentially in an attempt to keep up with the burgeoning middle class&#8217;s thirst for new housing. Recent reports have shown that demand for new housing exceeds the supply by approximately 20 million units.[2] When this incredible demand is combined with the tremendous growth in Internet users in India, with 90 to 95 million people expected to be online across the country by early 2010[3], it is clear to see that RealAcres.com is perfectly positioned to ride this wave of development and to capitalize on the enormous online advertising opportunity it presents. India was estimated to have spent 6,781.5 million INR (A$187 million) in 2007 on property advertising[4] and that number is expected to grow significantly over the next 10 to 20 years.</p><p>Smita Thorat, CEO of Horizon Infoventures said: &#8220;We sought out a leading Asian group to work with us to take our business to the next level and are excited to now be a part of iProperty.com Group and the iProperty.com network.&#8221; </p><p>The acquisition of RealAcres.com sees iProperty.com add to its market-leading online property operations in Singapore, Malaysia, Hong Kong, Taiwan and the Philippines, and represents its latest in a string of acquisitions since its listing on 11 September 2007. <strong>The Group has committed to invest over 188 million INR (AUD$5 million) in its Asian expansion and India is a key part of the plan.</strong> iProperty.com sees itself continuing to make substantial investments in the Asian region and India will be a prominent part of its future plans.</p><p>iProperty.com expects to bring its suite of print, exhibition and online luxury products to the booming India market in partnership with RealAcres.com in due course, and continues to seek further strategic acquisitions of leading property portals and complimentary businesses throughout regional markets. The Group recently made history by winning the highly prestigious CNBC Asia Pacific Property Awards in the &#8220;Best Property Portal&#8221; category for 4 of its websites &#8211;Singapore,Malaysia, Hong Kong andthe Philippines.</p><p>[1] <em>RealAcres.com Internal Data.</em></p><p>[1] <em>Northbridge Capital, &#205;ndia Real Estate Report, 2007.</em></p><p>[1] <em>CLSA, &#205;ndia Internet Sector Outlook, July 2007.</em></p><p>[1] <em>TAM Media Research India, Report 2007.</em></p><br /><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About RealAcres.com (<a href="http://www.realacres.com/" target="_blank">www.realacres.com</a>)</strong></p><p>RealAcres.com, venture of Horizon InfoVentures Pvt. Ltd. is India&#8217;s leading online real estate portal that caters to real estate industry with more than 211,000 property listings. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 2005, the Company currently operates in 7 major metropolitan areas. The Company&#39;s client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven platform provides the Company with a distinct competitive advantage, allowing RealAcres.com to consistently deliver outstanding service to clients. For more information, visit <a href="http://www.realacres.com/" target="_blank">www.realacres.com</a> or call +91 22 40126864.</p><p><strong>About iProperty.com (<a href="http://www.iproperty.com/" title="http://www.iproperty.com/" target="_blank">www.iproperty.com</a>)</strong></p><p>The iProperty.com Group is Asia&#8217;s No. 1 online property group, with leading property websites in Singapore, Malaysia, Hong Kong, Taiwan and the Philippines. It is part of Australian Securities Exchange-listed IPGA Limited (<a href="http://www.ipgalimited.com/" title="blocked::http://www.ipgalimited.com/" target="_blank">www.ipgalimited.com</a>), (ASX: IPP).Recently, the iProperty.com Group made history by winning the highly prestigious CNBC Asia Pacific Property Awards in the &#8220;Best Property Portal&#8221; category for 4 of its websites &#8211;Singapore,Malaysia, Hong Kong andPhilippines.</p><p><strong>iProperty.com Network:</strong></p><p>Malaysia: <a href="http://www.iproperty.com.my/" title="http://www.iproperty.com.my/" target="_blank">iProperty.com Malaysia</a> </p><p>Singapore: <a href="http://www.iproperty.com.sg/" title="http://www.iproperty.com.sg/" target="_blank">iProperty.com Singapore</a></p><p>Hong Kong: <a href="http://www.gohome.com.hk/" title="http://www.gohome.com.hk/" target="_blank">GoHome.com.hk</a> and <a href="http://www.house18.com/main.php" title="http://www.house18.com/main.php" target="_blank">House18.com</a></p><p>Taiwan: <a href="http://www.vrhouse.com.tw/" target="_blank">VRHOUSE.com.tw</a></p><p>Philippines: <a href="http://ph.iproperty.com/" title="http://ph.iproperty.com/" target="_blank">iProperty.com Philippines</a></p><p>Events: <a href="htp://www.iproperty.com/expo" title="htp://www.iproperty.com/expo" target="_blank">iProperty.com EXPO</a></p><p>Luxury: <a href="http://www.iluxuryasia.com/" title="http://www.iluxuryasia.com/" target="_blank">iLuxuryasia.com</a></p>]]></description>
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			<title>Register with SimplyMarry.com get a chance to meet the Stars of the Epic Love Story &#039;Jodha Akbar&#039;</title>
			<link>http://www.indiaprwire.com/pressrelease/internet/2008081412070.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/internet/2008081412070.htm#comments</comments>
			<pubDate>Thu, 14 Aug 2008 13:00:20 +0600</pubDate>
			<dc:creator>Times Business Solutions</dc:creator>
			<category>Internet Technology</category>
			<guid>http://www.indiaprwire.com/pressrelease/internet/2008081412070.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - In its ongoing marketing campaign communicating directly to the urban youth of today, SimplyMarry.com has tied up with the World Premier of the Ashutosh Gowariker&#8217;s Epic Love story &#8220;Jodha Akbar&#8221; on TV, and is sponsoring the contest on UTV movies that will have 10 lucky winners meet the stars.</p>    <p>Speaking about the tie-up, <strong>Rajat Gandhi, Business Head, SimplyMarry.com</strong> remarked, &#8220;Jodha Akbar has the correct sync with our target audience &#8211; the metro youth of today and so we decided to sponsor the contest, as our TG will be watching the film. &#8220;</p>    <p>&#8220;The movie portrays a couple ahead of its time, who prove that love can cross barriers of caste, creed and religion. Our metro-mindset users feel the same way - what is important to them is the actual person, and not what community or region their soulmate may belong to.&#8221; added Mr. Gandhi. </p>    <p>During the world premier of the film, on 15th August 2008, the contest sponsored by SimplyMarry.com will have the director of Jodha Akbar, Mr. Ashutosh Gowariker pose five multiple-choice questions to viewers, and ten lucky winners who SMS the answers correctly, will be eligible to meet the stars.</p>    <p>So register on SimplyMarry.com and tune into Jodha Akbar on 15th August 2008 at 11am, on UTV Movies and get to meet the stars of &#8216;Jodha Akbar&#8217; - the Epic Love Story &#8211; that breaks all barriers of creed and religion.</p>  <p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About  SimplyMarry.com &#8211;</strong></p>  <ul><li>SimplyMarry.com, the online  matrimonial portal aims to serve as a one-stop platform for prospective brides  and grooms to meet and communicate with each other. It offers a superior  matchmaking experience by expanding the opportunities available to meet  potential life partners and build fulfilling relationships.  </li></ul>  <ul><li>Our endeavour is to provide superior  technology, in-depth research, valuable matrimonial services, and above all the  highest quality of customer service delivered with a sense of warmth,  understanding, respect, and spirit. </li></ul>  <ul><li>SimplyMarry.com uses the latest and  the most cutting edge technologies available in the online environment to  provide members with fast, relevant and best matching results in strict  confidence. We also take care of the security or privacy of the members by our  special features. We fulfill the needs of today&#39;s eligible singles who are  searching for convenient and effective ways to meet with prospective partners.  </li></ul>  <ul><li>SimplyMarry.com understands that you  are serious about finding a life partner. Fortunately, we are too. Our quality  team ensures that every profile put up at SimplyMarry.com is screened for  irrelevant and/or appropriate content. SimplyMarry.com also has strict abuse  prevention and reporting systems for individuals who are accepted via our  screening system. We also protect your photograph uploaded on SimplyMarry.com,  which means no one can simply download your photograph from our site.  </li></ul>  <ul><li>SimplyMarry.com is a VeriSign secure  site, which ensures complete safety of your online payments and credit card  details. </li></ul>  <ul><li>SimplyMarry.com is the country&#8217;s  first matrimonial portal to attain huge success from the Swyamvars organized  every week for the benefit of different communities across the country.  </li></ul>  <ul><li>Despite our easy to use interface  and customer friendly tools, we recognize that finding a life partner is a  sensitive issue and sometimes you may need to address an issue or a question  with somebody. That is why we have developed a 24-hour customer service team,  for your assistance &amp; response to any/every query raised.  </li></ul>  <p>Other Exemplary  SimplyMarry.com Features &#8211; </p>  <p>1)  &#8216;Chat n Marry&#8217;, the SimplyMarry.com  Messenger, which allows you to chat online with accepted contacts.  </p> <p>2)  Convenient &amp; easy-to-read  profile display formats.</p> <p>3)  Free Initial Contact with  prospective soulmates. </p> <p>4)  &#8220;<a href="http://www.simplymarryzine.com/" title="blocked::http://www.simplymarryzine.com/" target="_blank">SimplyMarry.com MarryZine</a>&#8221; - an  informative E magazine on matrimony and related  matters.</p> <p>5)  Live Help &#8211; Chat and have your  inquiries answered instantly online.</p> <p>6)  Enhanced Alert mechanisms  introduced, such as &#8211; </p> <ul><li><ul><li>Precise Match Alerts in your email   </li><li>SMS Alerts on your mobile phone</li></ul></li></ul>]]></description>
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			<title>GEI Industrial Systems Promoter acquire 17.51% in Hamon</title>
			<link>http://www.indiaprwire.com/pressrelease/electronic-components/2008081312051.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/electronic-components/2008081312051.htm#comments</comments>
			<pubDate>Wed, 13 Aug 2008 15:47:06 +0600</pubDate>
			<dc:creator>Concept PR</dc:creator>
			<category>Electronic Components</category>
			<guid>http://www.indiaprwire.com/pressrelease/electronic-components/2008081312051.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - C. E. Fernandes, Managing Director, GEI Industrial Systems Ltd., has acquired 25,00,000 Equity Shares (17.51%) from Compagnie Financiere Hamon (Hamon); Foreign Collaborator-Shareholder in the form of inter-se-transfer of equity shares between the Indian Promoters and Foreign Collaborator- Shareholder.</p><p>Mr. C. E. Fernandes, along with Persons Acting in Concert, who were earlier holding 24.41% of the shares or voting rights in GEI Industrial Systems Limited, have increased their holding to 41.92% (amounting to 59,84,525 shares) through this inter-se-transfer.</p><p>&#8220;Our order book position is strong, and we have also made significant inroads in the Oil &amp; Gas and Power Sectors. Having a greater say through increase in voting rights is sure to translate into future growth.&#8221; said Mr. C.E. Fernandes, Managing Director, GEI Industrial Systems Ltd. </p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About GEI Industrial Systems Limited</strong></p><p>GEI Industrial Systems Limited, an ISO 9001-2000 Company with ASME &#8220;U&#8221; &amp; &#8220;R&#8221; Stamp provides Air Cooled Heat Exchangers for Crude Oil Refineries, Petrochemical Plants and LNG and CNG processing stations and Air-Cooled Vacuum steam condensing packages for thermal power stations. GEI was the first Indian company to supply air-fin heaters for LNG re-gasification terminal and processed gas coolers for offshore platforms.</p><p>The vast potential present in the power transmission sector has led GEI to create a niche business segment, viz. the GEI Industrial Power Transmission Business Group. With most State governments issuing notification for the use of steam condensers in all power projects, GEI has tremendous scope to penetrate the power sector.</p>]]></description>
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			<title>LiveJournal announces an ambitious India strategy</title>
			<link>http://www.indiaprwire.com/pressrelease/internet/2008081111947.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/internet/2008081111947.htm#comments</comments>
			<pubDate>Mon, 11 Aug 2008 17:32:57 +0600</pubDate>
			<dc:creator>Brand-Comm</dc:creator>
			<category>Internet Technology</category>
			<guid>http://www.indiaprwire.com/pressrelease/internet/2008081111947.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - <strong>LiveJournal (<a href="http://www.livejournal.com/" target="_blank">http://www.livejournal.com</a>), </strong>the leading global online community blogging platform, today announced its first India project with the launch of <strong>Quick Tales</strong> -the LiveJournal Flash-Fiction Contest along with Caferati, one of India&#8217;s most vibrant and well-known literary communities.</p><p>This competition has been conceived to support Web users in India who share a passion for creative writing and want to use LiveJournal to both widen their audience and raise their profile. This writing contest will be the first opportunity for Indian web users to engage with a LiveJournal project specifically designed for India. The contest builds on the initial work which the LiveJournal team in India have been doing for the past three months.</p><p>LiveJournal has established a reputation across the globe for generating and supporting high quality user-generated content published in user&#8217;s personal journals or in interest-based communities.</p><p>In India, LiveJournal has identified three key ingredients required to develop its user base in the country, over the long term:</p><p>1. Socialisation &#8211; LiveJournal is different, in that it is a platform for words and pictures that can be shared and discussed with ease.</p><p>2. Integration &#8211;LiveJournal should be accessible through any number of platforms.</p><p>3. Localisation &#8211; Anyone who is online in India should be able to use LiveJournal. This means proper translation and multilingual interfaces</p><p>This contest forms the first part of the strategy. In the months to come the LiveJournal team in Delhi, San Francisco and Moscow will be developing plans for localisation and integrations. LiveJournal have also launched a community (<a href="http://community.livejournal.com/lj_india/" target="_blank">http://community.livejournal.com/lj_india/</a>) for users in India to express their views about how they would like their platform to develop.</p><p><em>Andrew Paulson, Chairman of the Board of SUP, the owners of LiveJournal globally, said</em><strong> </strong>&#8220;India was our first port of call after we acquired LiveJournal last December. We already have a great reach in many online markets and have a small but loyal following in India. This project sees us, for the first time, actually trying to support the growth of new local communities in India. LiveJournal already has over 16 million accounts today and I am hoping that it won&#8217;t be long before there are many more of these coming from India.&#8221;</p><p>LiveJournal in India currently has 900,000 page impressions a month; 5000 unique monthly users and 13,000 registered accounts, all of which promise to see exponential growth post the roll-out. </p><p>Globally, LiveJournal is a service that offers tools and enablement for sharing of content and building communities around this content.</p><p><em>Benjamin Wegg-Prosser, Director of Corporate Development, SUP, added</em> &#8220;India offers strong opportunities for growth as LiveJournal seeks to expand upon its global reach.&#8221; </p><p>&#8220;LiveJournal is a natural platform for creating and sharing meaningful content around literature, activism, education, news and politics. Quick Tales - Flash Fiction Contest is the natural first step for us to seed many such initiatives and communities in India,&#8221; he concluded. </p><p><strong>The Contest</strong></p><p><strong>Quick Tales</strong> -the LiveJournal Flash-Fiction Contest (for stories up to 500 words long) is open for participation to anyone with a mailing address in India, from 11 August &#8211; 7 September 2008 and is themed around the word &#8220;Journal.&#8221;</p><p>The top 5 winning entries take home cash prizes of Rs. 19999, Rs. 16000 and Rs 12000, Rs. 8000 and Rs. 4000, respectively. Each of the 100 short-listed entries will also be highlighted on the <strong>India Writing Community</strong> (<a href="http://community.livejournal.com/india_writing/" target="_blank">http://community.livejournal.com/india_writing/</a> )on LiveJournal, where the contest is hosted, ensuring global visibility. Short-listed stories may also be featured in a book that LiveJournal plans to publish at a later date.</p><p><strong>Peter Griffin, Co-Founder &amp; Joint-Editor, Caferati</strong> said &#8220;Flash Fiction, also called micro-fiction, short-shorts, and many other names, demands that the writer tell a story with all the classical elements - a beginning, middle and end, a conflict and resolution, a credible protagonist - but within a very limited number of words, which may mean that these elements are implied rather than made explicit. It is an ancient form, but has grown hugely in popularity in these attention-deficit times, with the growth of the Internet. If standard short fiction is like a one-day international, think of the Quick Tales Contest as the 20&#8211;Twenty of contemporary story-telling!&#8221;</p><p>The contest, timed to be part of India&#8217;s Independence Day celebrations, will take India across continents with the LiveJournal Home Page marking events in India, cross-promotion across LiveJournal and outreach through Caferati&#8217;s communities and social media. </p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About LiveJournal Inc.</strong></p><p>LiveJournal is one of the world&#39;s most respected community publishing platforms. Since its launch in the United States in 1999, LiveJournal has become the online home to a wide array of creative individuals looking to share common interests, meet new friends and express themselves. LiveJournal encourages community and personal expression by offering users both a user-friendly interface and the ability to deeply customize their journal. The site allows users to set up their own virtual diary and communicate with their friends by posting and receiving comments on each other&#39;s entries. In many countries the site&#39;s most popular functionality is the community aspect which allows users to engage each other on issues of common interest.</p><p>LiveJournal has registered more than 16 million accounts since its founding, and currently has a worldwide monthly audience of 20 million of whom 5.7 million are Russian based (Omniture, TNS Gallup). LiveJournal Inc. is headquartered in San Francisco, CA. For more information, please visit http://www.livejournalinc.com</p><p><strong>About SUP</strong></p><p>SUP is an international online media company with established partnerships with businesses across the globe. SUP was founded in the summer of 2006 by an international management team with Russian seed capital. SUP set itself the goal of building a portfolio of high-traffic-generating projects based in Moscow from which to expand worldwide. SUP has offices in Moscow and San Francisco. SUP&#39;s five key businesses are:</p><p>SUP Media</p><ul><li>Championat.ru, the most popular online-only sports news site in Russia; </li><li>Gazeta.ru, a Russian online newspaper covering politics and business. Gazeta.ru was acquired by SUP in June 2008 from Kommersant Publishing House;</li><li>LiveJournal.com, the most popular blogging platform and social network in Russia, and one of the most respected community publishing platforms worldwide. It was originally run under license in Russia before it was acquired outright in December 2007. LiveJournal has over 16 million accounts worldwide and continues to add more than 200,000 every month;</li></ul><p>SUP Advertising</p><ul><li>+SOL, a media sales house which acts as SUP&#8217;s internal commercial department and sells online advertising for a number of high profile Russian and international Web sites (Yahoo!, Last.fm, BBC, and The Times among others). +SOL&#39;s partners include Mindshare Interaction, Zenith Optimedia and Optimum Media OMD; </li><li>Victory S.A., a full-service online advertising agency which devises and delivers online marketing campaigns for leading Russian and international brands.</li></ul>For Corporate information and Contest details:  Mr. Rajesh Lalwani, Scenario Consulting 098106 40163.<br />Editorial queries: Mr. Sreekar Reddy / Vishal, brand-comm 98661 10032 / 98855 85802]]></description>
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			<title>TimesJobs.com acquires Cyber Media Careers Limited&#039;s Database</title>
			<link>http://www.indiaprwire.com/pressrelease/internet/2008080711843.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/internet/2008080711843.htm#comments</comments>
			<pubDate>Thu, 07 Aug 2008 12:59:07 +0600</pubDate>
			<dc:creator>Times Business Solutions</dc:creator>
			<category>Internet Technology</category>
			<guid>http://www.indiaprwire.com/pressrelease/internet/2008080711843.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[/India PRwire/ -  <p>TimesJobs.com is India&#8217;s fastest growing and most innovative online recruitment portal, born with a mission to reach out to all Indians in the country and abroad is in the best position to provide the highly-skilled IT &amp; technology candidates of Cyber Media Careers Limited with the best career opportunities available today.</p>    <p>Speaking of this acquisition, <strong>Mr. R. Sundar, CEO, Times Business Solutions Limited</strong> said, &#8220;<em>This deal signifies emergence of a very strong relationship between two highly reputed and leading media houses. The complete integration of Cyber Media Careers Limited&#8217;s resume database of over 4.5 Lakh (450,000+) candidates with TimesJobs.com, shall provide these highly specialised &amp; technologically skilled candidates with better career opportunities from more than 25,000 of TimesJobs.com clients, that include blue-chip companies from India and abroad.&#8221;</em></p>    <p>In 2004, the Cyber Media created a joint venture with Dice Inc., to launch www.CyberMediaDice.com. Recently, Cyber Media Careers Limited decided to vacate the online recruitment space completely, and transferred its entire resume database to one of India&#8217;s Leading Recruitment portal &#8211; www.TimesJobs.com, owned by Times Business Solutions Ltd.</p>    <p><strong>Pradeep Gupta, Chairman, Cyber Media Group, added</strong>, <em>&#8220;Basically, Cyber Media Careers Limited was a joint venture between Cyber Media and Dice.com, a US based jobs portal. A few months ago, Dice.com decided to exit India, so we bought the stake owned by it. But now we have decided to exit from the online jobs market as it has never been our core business, however, we decided to keep serving our registered users, so we have shifted our database to TimesJobs.com.&#8221;</em></p>    <p>TimesJobs.com, a leading portal in India and the Gulf, has been at the forefront of providing cutting edge features and functionalities to recruiters and jobseekers, with innovations, such as the World&#8217;s first voice resume service, Fine tune search facilities, TimesJobs Mobile, XpressHire and the New Empower Solutions.</p>    <p>TimesJobs.com&#8217;s focus to ensure candidate skills are showcased and matched suitably with the HR requirements of employers from diverse industries, in a timesaving and cost-efficient manner is core to its growth to leadership. TimesJobs.com&#8217;s concentrated approach has made it the cynosure of recruiters and aspirants alike.</p>    <p>The technologists&#8217; profiles from Cyber Media Careers Limited that have been integrated with TimesJobs.com, range across highly seasoned CXOs to mid-level IT professionals and B.Techs with over 5 years of work experience. </p>    <p>These candidates can now conduct all their activities from updating their profiles to applying to over Two Hundred Thousand better paying jobs on the www.TimesJobs.com website, with their new username and password, which is being sent to them via email.</p>  <p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About TimesJobs.com:</strong></p>    <p>TimesJobs.com is one of India&#8217;s leading recruitment portals, with a database of over 8.5 million candidates. In addition, over two hundred thousand better paying jobs available from over 25,000 recruiters, including blue-chip companies from India and abroad, ensures that a search always yields results. </p>      <p><strong><em>Some of the outstanding features of the site include &#8211; </em></strong></p>    <p>*<strong>Drop Down menus</strong> on mouse over, from the Top Bar for Searching Jobs, My TimesJobs.com, Job Fairs &amp; Career Services, reducing the number of clicks job-seekers has to make to take them to their destination</p>    <p>*<strong>Click to Log In - </strong>on the top right corner of the screen, causes a login box to appear on the screen removing the need to open a new page for it.</p>    <p>*<strong>Visibility</strong> of the <strong>most used features</strong> of a jobsite &#8211; the search and register functions on the home page, have been given high prominence.</p>    <p>*<strong>Browse Jobs </strong>&#8211; hidden just below the Search &amp; Register function is a whole range of options, waiting to be discovered - ranging across the most popular industries, to browsing by function, level and location, all accessible by expanding the banner with the &#8220;+&#8221; sign.</p>    <p>*<strong>The Fine Tune Search</strong> feature allows a jobseeker to fine-tune their search across a host of options, from the left hand column, which clearly defines all the sub categories, one after another, empowering job-seekers to filter and fine tune their search. The options for fine tuning job searches range across Specialisation, Work experience, Industry, Date of posting and even Salary &amp; Part time jobs. The beauty of this feature is that the options are clearly described with the number of vacancies mentioned in brackets alongside the results.</p>    <p>*<strong>TimesJobs.com Voice Resumes</strong> - TimesJobs.com also has the world&#8217;s first voice resume service to its credit. The service is exclusively targeted at the Business Process Outsourcing Industry in its first phase. Available as a seamless service on www.TimesJobs.com, potential, and existing BPO employees can now &#8220;speak and record&#8221; their resumes, including answering a few typical questions and read a randomly system-chosen paragraph as part of their online resume. The entire technology of this voice suite exclusively resides on www.TimesJobs.com portal.</p>    <p><strong>*Sector specific Resumes -</strong> In order for the candidate to be a contender for positions across industries of various companies, the portal has a unique functionality that is imperative in today&#8217;s multi-tasking environment- it allows a job seeker to post multiple resumes. Candidates also have the advantage of submitting three separate and industry-specific resumes. </p>    <p>*<strong>Value Added Services</strong> - Resumes are the critical factors that ensure candidates get interview calls. &#8216;Magic Resume&#8217; was launched to provide candidates with resumes that most competently reflect their qualifications and experience, drawing upon the proficiency of qualified HR experts for this process. As an extension of its core philosophy of connecting aspirants to the job opportunity, TimesJobs.com commenced the <u>&#8216;Resume Zapper&#8217;</u> service, which gives the candidate&#8217;s resume direct access to over 1200 of the best placement consultants in India and abroad. </p>    <p>*<strong>TimesJobs Mobile -</strong> In order to offer candidates another effective contact point, TimesJobs.com, launched &#8220;TimesJobs Mobile&#8221; a mobile interface that allows the candidate to search, view, and apply for jobs simply by SMSing &#8220;Jobs&#8221; to 58888.</p>    <p>*<strong>XpressHire -</strong> In the pursuit to provide the best and the most efficient recruitment solutions to its clients, timesjobs.com launched xpresshire. A service that enables recruiters to send SMS to targeted or even multiple candidates at a single click and receive their responses and applications. Recruiters Can SMS &amp; Receive Applications from Job-Seekers Through timesjobs.Com.</p>]]></description>
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			<title>Encora Group joins Indecomm Corporation to create the next leader in Consulting, Technology and Outsourcing Services</title>
			<link>http://www.indiaprwire.com/pressrelease/internet/2008062110475.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/internet/2008062110475.htm#comments</comments>
			<pubDate>Tue, 29 Jul 2008 15:47:06 +0600</pubDate>
			<dc:creator>Brainvisa (An Indecomm Global Services Company)</dc:creator>
			<category>Internet Technology</category>
			<guid>http://www.indiaprwire.com/pressrelease/internet/2008062110475.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Encora is an emerging global leader in Collaborative Product Development (CPD) services. Encora&#8217;s CPD platform provides life-cycle product development and technology services to global software product companies with innovative execution and operating models that it&#8217;s clients can leverage. The Encora transaction extends Indecomm&#8217;s portfolio of Consulting and Outsourcing Services across multiple industry domains to Technology Services and will propel the combined organization to leadership in high-end Technology and Outsourcing services.</p><p>Indecomm together with Encora will clock an annual run rate of <strong>$100m revenue, and employ over 5,000 resources, including 1,000 IT and product engineers</strong>, across the United States, Europe, APAC and India. The Encora transaction further bolsters <strong>Indecomm&#8217;s aggressive organic growth of 100% over each of the previous three years</strong>. Together with Encora&#8217;s presence in India, Singapore, Malaysia, Australia and the United States, Indecomm&#8217;s delivery operations covers key markets in APAC, Europe, the United States and India, <strong>services 20+ Fortune 500 Clients</strong> and has quietly garnered the recognition and respect of its customers, industry analysts and competitors as a prolific and quality provider of Consulting, Technology and Outsourcing Services.</p><p>The Indecomm-Encora combination is a compelling proposition to each other&#8217;s customers. Besides Encora&#8217;s superior execution methodologies and technology capabilities in product engineering and enterprise software services, Encora&#8217;s customers will now have access to the full range of Outsourcing Services that Indecomm provides to several of the world&#8217;s leading companies. In an even manner, Encora&#8217;s acclaimed Collaborative and Distributed Product Development expertise offer Indecomm&#8217;s customers the potential to power their business with applications beyond traditional Outsourcing Services. </p><p>&#8220;The addition of Encora will advance Indecomm&#8217;s vision of seamless IT and Outsourcing services,&#8221; said <strong>Naresh Ponnapa, President and CEO of Indecomm Corporation</strong> and added &#8220;Encora&#8217;s solutions, talent and customers complement Indecomm&#8217;s business and extend our ability to deliver compelling products and services to our enterprise customers. Encora&#8217;s software and product development services combined with our legendary expertise in Consulting and Outsourcing Services will deliver our customers a rich user experience, low cost of ownership, industry-leading transaction services and enterprise-class software and Technology Services.&#8221;</p><p>&#8220;This is an exciting milestone for our company, and we look forward to scaling our growth as part of Indecomm,&#8221; said <strong>Venu Raghavan, CEO of Encora Group, BVI</strong> and this year&#8217;s winner of the <em>Ernst &amp; Young&#8217;s Entrepreneur of the Year&#174; 2008 in the Emerging category in Orange County/Desert Cities</em>. &#8220;Indecomm&#8217;s global reach, scale, widely recognized brand and worldwide customer relationships make it the ideal partner for Encora. Our combined teams will create exciting growth opportunities for Encora, our customers and our employees. We look forward to working with the Indecomm family to ensure a rapid and seamless transition.&#8221; </p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About Indecomm Corporation</strong></p><p>Indecomm Corporation is a leading Consulting, Technology and Outsourcing Services company with four principal divisions: Mortgage Services; Banking Services; Learning Services; and Technology Services. Indecomm&#8217;s seamless onshore-offshore technology-enabled operations are the central point of its global delivery model, offering clients both scale and cost advantages. Expertise in imaging and workflow technologies and extensive knowledge of processes and domains has enabled Indecomm to produce significant, measurable business gains for its clients. It has been featured in Red Herring&#39;s list of the top 200 private companies in the world; ranked among the top five emerging services companies by The Indus Entrepreneurs; featured in Fortune Magazine&#8217;s 2007 &#8220;The Global Outsourcing 100&#8221;; listed among the top 100 Global IT and BPO service providers by Global Services and neoIT; and has been recognized for management excellence and its outstanding contribution to industrial development in India. Indecomm is funded by leading global venture capital funds including Sequoia Capital, Tiger Global Management Private Equity and the International Finance Corporation. The company is headquartered in Bangalore, India with delivery centers and offices in New York, Iselin, NJ, Minneapolis, MN, Louisville, KY, McLean, VA, Denver, CO, Los Angeles, CA in the United States, and Bangalore, Gurgaon, Mysore, Pune, Salem and Tumkur in India. The Indecomm group companies include IGS Imaging Services, Brainvisa Technologies, Centillion Solutions and Services, U.S. Recordings, and Mortgage Dynamics, Inc. For more information, visit www.indecommglobal.com.</p><p><strong>About Encora Group, BVI</strong></p><p>Encora, the emerging leader in Collaborative Product Development, offers a portfolio of software product life cycle solutions to SME Software product companies. Encora provides end-to-end services to global software product companies which includes product management, product engineering and professional services, onsite, nearshore and also through offshore delivery supplemented by on-site execution. The company is headquartered in Scottsdale, Arizona with offices in Pittsburgh, Santa Clara, Boston in the United States, Singapore, Malaysia, Thailand and Australia in the APAC region and Bangalore and Gurgaon in India. For more information, visit www.encorainc.com. </p>]]></description>
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			<title>GJR Group expands to Indonesia</title>
			<link>http://www.indiaprwire.com/pressrelease/mining-metals/2008072111307.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/mining-metals/2008072111307.htm#comments</comments>
			<pubDate>Tue, 22 Jul 2008 14:40:37 +0600</pubDate>
			<dc:creator>concept</dc:creator>
			<category>Mining/Metals</category>
			<guid>http://www.indiaprwire.com/pressrelease/mining-metals/2008072111307.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - In an unprecedented move, the GJR Group&#8211; India&#8217;s leading mining and steel conglomerate- has partnered with PT Earthstone Resources to develop and explore mining projects in Indonesia. The GJR Group today announced that it has plans to acquire 50 percent economic interest in the Project Tenement located near the village of Nalo Baru, Sumatra .With a total mining area of 438 Hectares, the mine has estimated reserves of 100 million metric tons of high grade 64+ Fe iron ore. As part of the agreement, GJR Group will invest about $USD 30 million in mine development. </p><p>In July 2008 John T Boyd Company (USA) initiated JORC valuation for the Nalo Baru Iron Ore Tenement, Mining Plan and Reserve Estimation Study of the area is expected to be completed by September, 2008. The estimated sale value is 10 Billion USD. The production work will commence on October, 2008 with initial production target of 3 million tons per annum.</p><p>&#8220;<em>This joint venture provides good synergies for both groups to tie-up for development of the mine. Two SPVs shall be floated to structure the transaction. The first SPV shall carry out mine development and the second SPV would carry out marketing activity of the iron ore produced. GJR Group will deploy its experience and technology to exploit and develop the iron ore mine for captive use as well as selling of iron ore in the international market</em><em>.&#8221;</em><strong><em> </em></strong><strong>said Mr. G. Janardhan Reddy, CMD of GJR Group of Companies</strong></p><p><em>&#8220;</em><em>We are extremely happy to partner with the GJR Group. Earthstone&#8217;s extensive network in the Indonesian and international mining industry will assist in strengthening GJR Group&#8217;s regional and international presence.&#8221;</em><strong> said Mr.Mahran Nasution, MD of PT Earthstone Resources.</strong></p><p><em>&#8220;As a very natural next step in GJR Group&#8217;s development, it&#8217;s quite obvious that we do need international expansion. This greatly helps to restructure our domestic business and fulfill requirements of our steel plant in construction. We have strong confidence that collaboration with Earthstone may bring a great value to our strategic efforts worldwide.&#8221; <strong>Added Mr. G. Janardhan Reddy</strong></em></p><p>The Project Tenement boasts of unparallel geographical and infrastructural advantages. The nearby town Muara Bungo is a major mining hub, and has the state-of-the-art transportation eco-system. The excellent road infrastructure to all three ports is an added advantage. Teluk Bayur is the largest and the nearest port to the project which is located at the distance of 380 Km, the alternate ports are Bengkulu Port which is 300 Km and Jambi River Port (290 Km). </p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong><u>About the GJR Group</u></strong><strong> :</strong></p><p>The GJR Group&#8211; Obulapuram Mining Company and Bramhani Industries Limited &#8211; are involved in businesses which span the entire value chain from iron ore mining to the manufacturing of steel. GJR holds 100% stake in the Obulapuram Mining Company (OMC) &#8211; one of the largest private sector mining companies based in Andhra Pradesh, India. The company holds a 134 hectares mineable area and operates a highly efficient, fully mechanized, open cast mine operation.</p><p>The GJR Group also owns Bramhani Industries Ltd. (BIL), a company that is in the process of setting up a 10 MTPA integrated steel plant. The plant is being built in Jammalamadugu in the Kadapa district of Andhra Pradesh. Civil work for the first phase of 2.5 MTPA has already been commenced. The complete 10 MTPA ramp up in installed capacity is expected to be accomplished in 5 to 6 years.</p><p><strong><u>About PT Earthstone Resources </u></strong></p><p>PT Earthstone Resources focuses on identification, evaluation, acquisition, exploration and development of precious and base mineral properties in Asia, Africa and other certain countries of the world. The company asserts opportunity oriented strategy and now is evaluating a range of projects in Energy, Airports, Ports, Roads, Rail Networks and other allied Infrastructure Businesses. Initially PT Earthstone Resources is focused on Indonesia, where it enjoys extensive local networking capabilities and operational experience in national environment. Since its inception, operating in Indonesia, the company congregated a portfolio of attractive tenements of iron, manganese and lead ore, coal &#8211; all in different stages of development.</p>]]></description>
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			<title>GREYCELLS to acquire 26% stake in Access Atlantech</title>
			<link>http://www.indiaprwire.com/pressrelease/entertainment/2008071811267.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/entertainment/2008071811267.htm#comments</comments>
			<pubDate>Fri, 18 Jul 2008 15:50:59 +0600</pubDate>
			<dc:creator>Concept PR</dc:creator>
			<category>Entertainment</category>
			<guid>http://www.indiaprwire.com/pressrelease/entertainment/2008071811267.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Greycells, that operates EMDI vocational institutes in India and middle-east announced its acquisition of 26% stake in another Media and Entertainment vocational education company: AAT.</p><p>According to FICCI Pwc 2007, Indian Media and Entertainment industry is growing at a CAGR of 24% and will be Rs. 51900 cr by 2010. Currently 4 of the top 10 career aspirants choose Media and Entertainment. Also the gross enrolment in higher studies is expected to double to 12% in a decade from the present 7 %.This presents a great opportunity to vocational education specialists like Greycells and AAT. </p><p>Both the institutes, at present, have combined student strength of 1800. They have aggressive plans to increase to 10,000 levels in next couple of years.</p><p>Access Atlantech Edutainment (I) Ltd, headquartered at Chennai runs high end technology based courses in Media and Entertainment domain. It has partnered with world leaders as SAE, Digidesign, Qantm and other world leaders offering education in Sound Engineering, Games and Games design, Digital Filmaking and media management programs. The courses are affiliated to the Dibrugarh University, Assam. AAT has multiple campuses across the country and offers diploma and degree programs</p><p><strong><em>Speaking on the sign up, Mr Deepak Choudhary, Managing Director Greycells said, Its a great synergy in terms of business and technology leveraging. We will look at complementing each other&#8217;s strength to maximise locations of presence and verticals in education to reach out to the student community and provide world class education</em></strong><strong>.</strong></p><p><strong><em>Rathish Babu, CEO, AAT remarked, this is a terrific combination of bringing in a technology leader as AAT with Greycells, which excels in management domain of the Entertainment industry. We shall seek to build on strengths and the management expertise we have to build a value based organisation that will come to dominate the media education industry.</em></strong></p><p>The organisations will look at international presence as in locations, collaboration with leading universities and resource/research opportunities globally. This shall mean a multifaceted and multi cultural education imparting entities with focus on world class education and standards.</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About Greycells Entertainment Ltd.</strong></p><p>Greycells Entertainment, since February 2004, has been building a track record to establish itself in the media and entertainment space. Based out of Mumbai, the company has been marshalling its talent pool and resources to contribute relevant, top-of-the-line work in the field of education, both in India and abroad.</p><p>Headquartered at Mumbai, Greycells runs the EMDI brand of media education in India and the middle-east across multiple campuses with a focus on Event Management, Radio education, PR, Advertising and other media based management programs.</p><p><strong>About Access Atlantech Edutainment (I) Ltd.</strong></p><p>Since inception in 2000 in Chennai, AAT has gradually enhanced its presence in the major metros within a span of 5 years. Today it has campuses in Chennai, Mumbai, Delhi, Bangalore, Dibrugarh and student information centers at Kochi, Trivandrum and Coimbatore. AAT has roped in global players like SAE, TCMS and Digidesign in its pursuit of offering international media education in India. </p><p>Access Atlantech brought SAE - the world&#8217;s largest media education college into India in 2000. Together they offer internationally recognized courses in Audio Engineering, Animation, Games Designing and Digital Film-Making.</p>]]></description>
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			<title>Parsvnath Nanocity - 11,000 acre - India&#039;s Silicon Valley - Knowledge City</title>
			<link>http://www.indiaprwire.com/pressrelease/real-estate/2008071611197.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/real-estate/2008071611197.htm#comments</comments>
			<pubDate>Wed, 16 Jul 2008 19:13:18 +0600</pubDate>
			<dc:creator>adfactorspr</dc:creator>
			<category>Real Estate</category>
			<guid>http://www.indiaprwire.com/pressrelease/real-estate/2008071611197.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Parsvnath Developers Limited (PDL), India&#8217;s leading company in real estate and infrastructure space has announced an association with Mr. Sabeer Bhatia and HSIIDC jointly promoted Nano City Haryana Limited to develop a knowledge city spread over an area of 11,000 acres in Panchkula near Chandigarh. The city named as <strong>&#8220;Parsvnath Nano city&#8221;</strong> is envisaged to sustain modern lifestyle and will have world-class infrastructure. </p><p>It is a public-private partnership project, in which Haryana Government through HSIIDC will have 10% equity stake, Parsvnath Developers Limited will have 38% equity stake and the remaining 52% will be with Sabeer Bhatia promoted group. </p><p>Parsvnath Developers Limited will be making an investment of Rs 400 crore (US$ 100 million) as equity and debt in the project, which is valued at Rs 50,000 crore (US$ 12 billion). </p><p>The project is modeled on Silicon Valley and will come up in two phases. In the first phase, the company will develop about 5,000 acres whereas the remaining 6,000 acres will be developed in the second phase. The entire knowledge city will be completed in ten years.</p><p>The project, which is fully approved by Haryana Government, is in Panchkula near Chandigarh, and just over 200 kms north of Delhi. Two seasonal rivers form the eastern and western borders of the city, and two streams trickle within its boundaries. It is well connected by National highway- 73 (NH-73) and State highway-1 (SW-1).</p><p>Commenting on the association, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited, said, &#8220;Parsvnath is keen on innovation. It is therefore natural that Parsvnath Developers joined hands with the State Government and Sabeer Bhatia on this mega-nano city project, a future Silicon Valley of India &#8211; knowledge city. It has always been our endeavor to provide world-class infrastructure and lifestyle to our customers. Nano City will be an outcome of such an effort. We believe that Nanocity will lead the Economy of the nation on a path of innovation. With large investments happening in Nano city, it will create massive employment opportunities for all categories of people of the region. I am proud to associate with Mr. Sabeer Bhatia and I am confident that our strengths coupled with the vision of Nano City will create a landmark in Indian infrastructure space&#8221;.</p><p>&#8220;Adding buildings, housing complexes, shopping malls and integrated townships etc. in the existing cities and towns of India is not a solution for development of Indian cities today, India requires well planned cities. Over the years, Parsvnath has realized that the solution of providing quality life to modern population lies in developing planned cities instead of patchwork, which is being done today. In order to reinforce our vision of &#8220;Creating a New India&#8221; and touching new frontiers of development, we are developing Parsvnath Nano city. PDL strives to make a significant difference to Indian lifestyle through its world-class developments. Our presence here is aligned towards making a significant difference to the real estate sector through the development of best in its class structures of such quality, size, scale and magnitude. This prestigious project will not only validate the investment and business environment of the region, but also firmly establish the region as an international investment destination&#8221;, Mr. Jain added. </p><p>As a future strategy, company will be forming specific area based SPVs to develop specific areas like bio-technology parks, hospitals, universities, schools etc for the knowledge city and is confident of attracting good investments across the globe.</p><p>Commenting on his association with Parsvnath Developers, Mr. Sabeer Bhatia, said, &#8220;We are very excited. This is an ambitious project. India lacks large, planned commercial &amp; residential districts with modern concepts and quality facilities. We will make Nano City a world-class destination. I am proud to be associated with Parsvnath Developers, who have strengths in providing great quality in record time. I am sure that joining Parsvnath&#8217;s capabilities in project execution and our vision will create a benchmark in India&#8217;s infrastructure story&#8221;.</p><p>&#8220;Growth in and around Chandigarh has been tremendous in the past decade. We are very enthusiastic about this opportunity and look forward to working with PDL and HSIIDC to create an outstanding city to live, work, shop and play in. We have three major goals for the Nano City: To re-create the Silicon Valley, create state-of-the-art infrastructure, and do all this in a fashion that is self-sustainable and consumes the least amount of natural resources&#8221;, added Mr. Bhatia.</p><p>v <strong>Parsvnath picks-up 38% equity stake in Nano City Haryana InfrastrucureLimited - one of the biggest infrastructure projects in modern India</strong></p><p>v Parsvnath Developers to invest Rs 400 crore (US$ 100 million) as equity &amp; debt for the project valued at Rs 50,000 crore (US$ 12 billion) - to be completed in 10 years; In the first phase, the company will develop 5000 acres</p><p>v Public Private Partnership between a progressive State Government &#8211; Haryana Government, a world renowned entrepreneur &#8211; Sabeer Bhatia &#8211; co-founder Hotmail and a leading real estate developer &#8211; Parsvnath Developers Limited</p><p>v The Knowledge City concept is increasingly capturing the imagination of Global economies, with several upcoming centres already planned across the globe</p><p>v The master plan for the knowledge city project has been developed by BgAP - Berkelay Group for Architecture &amp; Planning.</p><p>v Parsvnath Nano City - One of India&#8217;s first and holistic planned city developments focused on building and providing world-class facilitates wherein individuals will primarily be involved in the creation of Intellectual Capital - An ecosystem for innovation leading to economy, ecology and social cohesion.</p><p><strong><u>About Nano City:-</u></strong></p><p>Parsvnath nano city is being developed with a vision to develop a sustainable city with world class infrastructure, and to create an ecosystem for innovation, leading to economy, ecology and social cohesion. As a value proposition, the knowledge city will have synergy of the finest educational and research institutions; entrepreneurial support; high-quality work standards and business logistics; and the finest living standards. The city will aim to provide the best possible living conditions in India. </p><p>The master plan for the knowledge city project has been developed by BgAP - Berkelay Group for Architecture &amp; Planning.</p><p>The project will have universities, R&amp;D centers, Bio-technology centers, research related institutions, educational institutions, Hospitals, medical research centers, an 18 hole championship golf course, nature trails, forests, parks, sports centers, holistic living practices to mention a few. The entire project will be split into four districts: IT district, university district, airport district and biotech district. </p><p>The project is expected to attract world-class companies involved in the creation of Intellectual Property. It is viewed as a future hub for the companies operating in areas such as Software Development, Nano Sciences, Next generation Drug Discovery, Bio-Technology, Energy Research and Semiconductor Research.</p><p>The knowledge city is designed as a haven for green living. The project plan is an important step toward developing alternative energy technology. </p><p>More details about Nano City is also available on http:// <a href="http://www.nanocity.in/" target="_blank">www.nanocity.in</a></p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong><u>About Parsvnath Developers Limited:-</u></strong></p><p>Parsvnath Developers is noted for its rapid pan India spread. It is the fastest growing real estate group in India. Parsvnath Developers is amongst the largest listed real estate companies in India. As of today, company is developing 114 mega projects spanning 211.32 million square feet in 49 cities and 17 states. For the year ended March 31, 2008, Parsvnath Developers Ltd. recorded consolidated revenues of Rs 1837.12 crore and net profit of Rs 424.39 crore.</p><p>Parsvnath Developers is also developing India&#8217;s first integrated luxury fully built up township project Pride Asia and a film city in Chandigarh has developed other signature projects which includes, La Tropicana &#8211; Delhi&#8217;s first residential resort, Parsvnath Exotica at Gurgaon and Ghaziabad and many more projects across India. Recently, Parsvnath has also announced acquisition of land at Connaught Place for developing luxury mall and state of the art office space. With quality construction and timely delivery as its hallmark and building infrastructure projects as its specialization, Parsvnath Developers Ltd. is developing numerous projects i.e. residential, commercial, Metro Malls, hotel, condominium, specialty building, road, infrastructure, 17 SEZs etc. </p><p>Parsvnath Developers Ltd. has also forayed into hospitality segment and has set in motion with plan to construct 100 hotels including 5, 4, 3 star categories and serviced apartments across the country for which the group has announced tie ups with ITC, Fortune Park Hotels Ltd. and Royal Orchid Hotels Ltd. </p><p>For more details please visit <a href="http://www.parsvnath.com/" target="_blank">www.parsvnath.com</a></p>]]></description>
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			<title>Genesys partners with Consilium Software to deliver contact center and enterprise solutions in India and Southeast Asia</title>
			<link>http://www.indiaprwire.com/pressrelease/computer-software/2008071511141.htm</link>
			<comments>http://www.indiaprwire.com/pressrelease/computer-software/2008071511141.htm#comments</comments>
			<pubDate>Tue, 15 Jul 2008 15:21:58 +0600</pubDate>
			<dc:creator>Concept PR</dc:creator>
			<category>Computer Software</category>
			<guid>http://www.indiaprwire.com/pressrelease/computer-software/2008071511141.htm</guid>
			<source url='http://www.indiaprwire.com/syndication/rss/'>India Press Release</source>
			<description><![CDATA[<p>/India PRwire/ - Genesys Telecommunications Laboratories, Inc., an Alcatel-Lucent company (Euronext Paris and NYSE: ALU), and Consilium today announced the signing of a partner agreement to deliver contact center and enterprise solutions in India and Southeast Asia. Consilium Software, which specializes in Unified Communications software and solutions for enterprises and contact centers, will resell the entire suite of Genesys solutions and provide implementation support to joint customers. </p><p>Through this alliance, Genesys and Consilium will focus on several key initiatives, including increasing sales coverage for Genesys solutions in the region, providing leading-edge services to the regional joint customers, and developing best practices that enable superior customer service, improved communication and the flow of business processes across the enterprise.</p><p>&#8220;The Consilium team is known for its experience and track record in delivering customer interaction solutions and we are pleased to be working with them,&#8221; said Michael McBrien, senior vice president, APAC and Japan, Genesys. &#8220;This strategic alliance expands both companies&#8217; ability to reach more customers in the Asia-Pacific region, while delivering unique solutions that optimize customer service and improve business efficiency within enterprises.&#8221;</p><p>&#8220;Genesys is a leading provider of contact center applications and we are excited to be representing them in the significant markets of India and South East Asia,&#8221; said Pramod Ratwani, Founder and CEO of Consilium Software stated. &#8220;Genesys&#8217; contact center software and its GETS offering for enterprise collaboration are powerful solutions uniquely positioned to enhance heterogeneous environments, delivering unified customer service for enterprises.&#8221;</p><p><em>Source: <a href="http://www.indiaprwire.com/" title="Press Release distribution via India PRwire" target="_blank">Press release distribution via India PRwire</a></em></p><p><strong>About Consilium Software</strong></p><p>Consilium Software develops Unified Communications (UC) software and solutions for enterprises and contact centers. Consilium helps customers create business efficiency by complementing industry-leading products with innovative software and unmatched services expertise. Consilium enterprise collaboration and convergence solutions improve communications between information workers within the enterprise and for customer interaction. Consilium&#8217;s approach is to use its strong technical and services expertise, market knowledge and broad portfolio of UC solutions from global technology leaders to provide business solutions that effectively leverage existing investments, allowing organizations to benefit from the improvements and at the same time maximize return on investments.</p><p>Enabling Unified Success&#8482; today, Consilium Software has a mission to become a worldwide Unified Communications software company providing the most complete suite of service offerings. Headquartered in Singapore, in the heart of the Asia Pacific region, Consilium has additional headquarters and a significant presence in India. More information is available at <a href="http://www.consiliuminc.com/" title="http://www.consiliuminc.com/" target="_blank">http://www.consiliuminc.com</a></p><p><strong>About Genesys Telecommunications Laboratories, Inc.</strong></p><p>Genesys, an Alcatel-Lucent company, is the only company that focuses 100% on software to manage customer interactions over the phone, web and in e-mail. The Genesys software suite dynamically connects customers with the right resources &#8211; self-service or assisted-service &#8211; to fulfill customer requests, optimize customer care goals and efficiently use resources. Genesys software d