New Delhi, June 8th, 2006: www.sifymall.com, the online store on www.sify.com, the popular consumer portal from Sify Limited (Nasdaq National Markets: SIFY), a leader in Consumer Internet and Enterprise Services in India with global delivery capabilities, announced today its partnership with the Kolkata based Ananda Bazaar Patrika (ABP) Pvt. Ltd. to power its online store-www.thetelegraphstore.com.
Following this tie-up, the first of the ABP Group's shopping portals, The Telegraph Store, went live on June 6, 2006. Besides a wide range of products from electronics to clothes, gifts and books on display, The Telegraph Store will also feature exciting bargain offers on select products under the "Offer of the Day" and "Price Surprise" sections.
Pramath Raj Sinha, CEO, ABP Pvt. Ltd. said, "Our objective is to provide more value to our loyal readers through this store powered by Sify. The Telegraph store will significantly expand its already wide range of product offerings soon to attract new customers to the store in collaboration with Sify. We intend to evolve the store into a world-class eCommerce platform with attractive prices for greater value for money and a wide selection of products, coupled with the sheer convenience of shopping online while at home or office".
Commenting on the tie-up, Mr. Surya Mantha, Sr.Vice-President, Interactive Services, Sify, said, "The relationship with Sify will help Telegraph offer its customers a wider range of products at very attractive prices. In addition, Sify has developed a variety of tools, features and services for The Telegraph Store that will enable the Telegraph consumer to buy on the site quickly, safely and conveniently, so that they will come back to the site again and again. The site is Verisign-secured for maximum security of online transactions. We are excited about this mutually beneficial alliance with the highly respected ABP Group and are confident that this will lead to more such winning relationships in future".
Over a million book titles, as well as Indian and international magazines will be available for subscription and sale on the Store. On placing an order, The Telegraph Store would provide a tracking number to customers, so they may know the status of delivery at anytime.
About Sify
Sify is among the largest Internet, network and e-Commerce services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common Internet backbone infrastructure. This Internet backbone reaches 171 cities and towns in India. A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services and hosting. A host of blue chip customers use Sify's corporate service offerings. Consumer services include broadband home access, dial up connectivity and the iWay cyber café chain across 153 cities and towns. The company's network services, data center operations and customer relationship management are accredited ISO 9001:2000.
For more information about Sify, visit www.sifycorp.com.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risks Related to Our Business" in the company's report on Form 6-K for the quarter ended December 31, 2005 which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov.
