Released on = June 5, 2007, 4:30 am

Press Release Author = Polymerupdate

Industry = Energy

Press Release Summary = Polymerupdate office relocates to the centre of Mumbai\'s
business district.
Relocation seen by management as a forward-looking step in preparation for
the next stage of development

Press Release Body = It was in November 1999 that Polymerupdate first established an
office in Mumbai, the business capital of India. Following rapid expansion
polymerupdate quickly moved from a small office in Southern Mumbai to a larger
office located in central Mumbai. In May 2002, the office once again shifted, this
time to suburban Mumbai with a view to help trigger profits and cut high rent costs.
At the time, the polymerupdate team had vowed that they would return to the central
hub of the business district, not as tenants but as owners . On April 6 of this
year the dream was fulfilled as the polymerupdate team moved to it\'s own office
located at the very same premise it opted out off a few years earlier.

Recruiting personnel and increasing staffing levels have become a critical
management issue for further expanding the scale of operations and enhancing client
satisfaction at polymerupdate.com. With an eye on reaching it\'s goal of scaling new
peaks to become the number one preferred destination worldwide for quality
petrochemical news feeds and real time price alerts the polymerupdate office is
located at 344, A - Z Industrial Estate, G. K. Marg, Near Peninsula Park, Lower
Parel, Mumbai - 400013, Maharashtra, INDIA.

Unlike the previous premises the floor plan has been designed based on the concept
\"Creative/Commitment/Comfort.\" The polymeupdate office occupies the third floor of
the building and houses the head office of the group with a reception area, the
CEO\'s cabin, senior management work areas, editorial, accounts and technology
related work stations as well as a focus group interview room. A recreation zone and
a fully equipped pantry have also been provided for the benefit of the employees.


Gala opening ceremony on April 6
On April 6 we held a ceremony to celebrate the opening of the new office, Inviting
polymerupdate CEO & Founder Sajjid Mitha and his wife Laveena Mitha to begin the
festivities with a ribbon-cutting ceremony at 2:30 p.m. In an address to the staff,
Mr. Mitha delivered a message encouraging everyone to \"begin playing a keener role
in driving polymerupdate towad a new pinnacle of global success.\" Mr. Mitha said, \"
as the technological innovations are helping shrink the world, India is today
being looked at in a new light. With an impressive GDP growth of nearly 10%, India
can no more be ignored. We are fortunate to be here at this exciting time. With the
world becoming flatter the future of polymerupdate is in your hands. Our company is
headed for great times with a strong future. Even in our journey toward excellence
we must not just be global in our outlook but must strive toward internal
excellence, shifting operational priorities to keep ahead of the times. \"

He said, \" I would like you to achieve maximization of customer value through every
business process we have put in place. We must offer our client more than what he
expects from us and that to this service must be given at a very low cost. We must
innovate rapidly and leverage from an already envied position of being a global
leader in providing plastics intelligence at an affordable price. With improved
technology, a strong resource pool of a well respected and well known team the
future of the company looks very bright and the new and fully equipped office
provides an ideal vehicle to help us scale new peaks.\" Mr. Mitha said \" our company
must remain most cost effective and use the whole world as a network of rich
resources. Operations must be based on real time information with a constant focus
on global progress.\"

Commenting on the new office he said, \" this is a home away from your home because
you spend more time of your waking hours in the office than at your home\". In the
afternoon we held an open house to familiarize staff with the new premises,
providing a tour of the office and the opportunity to chat with the CEO.

The 8th year promises to be decisive
2007 will be the Eighth year for Polymerupdate\'s operations. To date we have over
15,000 registrations and thousands of subscriptions from all over the world, and
accumulated considerable knowledge and experience. Our clients include most of the
regions leading resin producers, processors, traders, consultant firms, investment
bankers, credit rating agencies, as well as renowned international information
services, news and media companies. Taking advantage of the immediacy offered by
this system, we seek to collect information on consumers and contribute to
decision-making in clients\'. Polymerupdate through it\'s news and price alerts aims
to help companies worldwide increase their revenues and their profits by providing
them with quality, valuable and business critical information. Polymerupdate\'s
future plans are magnanimous and confidentiality of their plans is a key to their
success.

Web Site = http://www.polymerupdate.com

Contact Details = polymerupdate.com
344, A - Z Industrial Estate,
G. K. Marg, Near Peninsula Park,
Lower Parel, Mumbai - 400013
Maharashtra, INDIA
Tel: (91-22) 30408821 - 25
Fax: (91-22) 30408826
e-mail: info@polymerupdate.com