Released on = July 19, 2007, 12:15 am

Press Release Author = Media

Industry = Software

Press Release Summary = Grey Matter India Technologies, a reputed IT outsourcing
provider based in Mumbai, officially announced the opening of a fully equipped,
hi-tech IT development office in Pune as part of its business expansion drive.
Spread over an expansive 3000 sq. ft. area, the office is designed to comfortably
accommodate up to 70 employees.

Press Release Body = GMI On A Business Expansion Drive: Unveils Hi-Tech IT
Development Center In Pune

Grey Matter India Technologies, a reputed IT outsourcing provider based in Mumbai,
officially announced the opening of a fully equipped, hi-tech IT development office
in Pune as part of its business expansion drive. Spread over an expansive 3000 sq.
ft. area, the office is designed to comfortably accommodate up to 70 employees.

According the board of directors, launching a base of operations in Pune is just one
part of GMI's massive expansion drive. 'As a consistently profitable venture firmly
settled in the IT industry, we believe the time is perfect for aggressive business
expansion. Naturally, establishing a definitive presence in the IT hub of Pune was
the first step. The fact that GMI experienced 150% increase in revenues in 2006-07
was also an impetus.' says Chintan Shah, Grey Matter India.

With plans for a US office in the pipeline, GMI has been actively building resources
to support their growing client base. Having built strong credentials as a
dependable IT outsourcing provider, GMI is all set to emphasize its presence in
India and abroad.

'With several large-scale projects lined up for 2007-08, GMI is focused on
outperforming last year's record. The new office will house our increasing workforce
and provide clients with our trademark quality outsourcing services. Now that we are
backed by three cutting-edge development centers, GMI foresees a steady vertical
growth, with 2009 bringing in more than 10 million dollars in revenues.' Chintan
added.

About GMI:

GMI is a reputed IT solutions provider leading the 'off-shoring' revolution with its
cutting-edge services that provide support and impetus to Fortune 500 clientele
worldwide. In the IT services arena since 2001, GMI has development experience in
all spheres of IT outsourcing, ranging from application development and technology
consulting to the construction of popular community networking portals across the
web as well as the wireless. Displaying high proficiency in 'Web 2.0' development,
GMI focuses on serving rising industry domains like entertainment networking and
wireless computing. In addition to developing extensive social networking portals
for healthcare solutions, real estate trading, intelligence gathering businesses,
urban and ethnic groups, GMI has experience in deploying numerous online advertising
networks and PPC management systems as well. GMI's social networking portfolio
includes highlights like the development of popular youth community portals with
incorporated flash tools and an advanced financial community portal for viewing
dynamic real-time statistics online.

Active in wireless computing since its inception, GMI is responsible for
implementing several wireless location-based advertising networks, streaming
multimedia content distribution networks as well as SMS & MMS based community
portals. GMI has to its credit a unique Mobile Portal Enabler tool, built with
Content Creation & Distribution Capabilities for advertising and entertainment
networking purposes.

For business enquiries, please email at contact@greymatterindia.com or visit
www.greymatterindia.com for more details.

Web Site = http://

Contact Details = Grey Matter India Technologies Pvt Ltd.

1st Floor, Sai Darshan Towers, Plot #31,Opp. Suvidhya School, Gorai -1 , Borivili -
West, Mumbai - 400 091, India
Phone: +91-22-28685626
Fax: +91-22-28685660