Announced Name Change for Indian Operations

Pune, India, 10 July 2007

e-Zest Solutions an outsourced product development and enterprise custom software development company has announced its name change for Indian operations from 'e-Zest Solutions Pvt. Ltd.' to 'e-Zest Solutions Ltd.'

e-Zest Solutions have received fresh certificate of incorporation consequent upon change of name on conversion to public limited company, i.e. e-Zest Solutions Limited from Indian registrar of companies.

e-Zest was founded in 1998 by three of its directors who had strong belief in technology as leveraging tool for the businesses worldwide and philosophy of creation of wealth for distribution. Growing organically since its inception e-Zest has now become niche OPD and ECSD player with prime focus on manufacturing, healthcare, finance and CRM/BI IT solutions

Quality services and transparency in business operations are always a priority for e-Zest. e-Zest leadership team’s intention to go for limited status is to broaden its corporate legal status and bring in stringent corporate governance thus to bring in transparency in its operations and future public participation in wealth creation as well. A company with public limited status and so stringent audits is a preferred choice for e-Zest prospect for software outsourcing considering risk mitigation factors. Public limited status will also help e-Zest to rope in public and institutional investments for future expansion needs.