OMNITECH

Omnitech Infosolutions Limited had informed the Exchange that Omnitech InfoSolutions Limited has decided to incorporate a Joint Venture Company in Japan to provide Technology Services like Software Development Services, Consulting Services and Outsourcing Services and the Company will be announcing its decision in the press conference to be held on Monday, September 17, 2007. The Company has now informed the Exchange that Omnitech InfoSolutions Limited (OIL) has entered into a Joint Venture with Sanwell Company Limited (SWL), a body corporate incorporated under the Laws of Japan to form a Comp

Omnitech Infosolutions Limited has informed the Exchange vide its letter dated September 14, 2007 that "Omnitech InfoSolutions Limited has decided to incorporate a Joint Venture Company in Japan to provide Technology Services like Software Development Services, Consulting Services and Outsourcing Services and the Company will be announcing its decision in the press conference to be held on September 17, 2007".

News Verification : The media had reports that Omnitech Infosolutions Limited has bagged a substantial deal in the infrastructure management space. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Omnitech Infosolutions Limited has vide its letter inter-alia stated, "We would like to clarify that the Company has not discussed with any source regarding the possibilities of bagging any such deal and hence we are unabl