Verdict InfoTech Pvt. Ltd. announced that effective as of the close of business on 26 September, 2007, it has formally ceased conducting all operations and permanently terminated its business. In connection with the termination of all of its operations, the company has closed all of its offices and has laid-off all remaining employees.

The Chief Executive Officer of Verdict InfoTech said, "We are saddened and disappointed by the sudden discontinuation of Verdict InfoTech business operations. We deeply regret this decision and the impact this will have on our employees and their families, our customers, our vendors and other partners in which we have been operating. We and our employees worked extremely hard to avoid where we are today. Unfortunately, the severe and unprecedented decline in the market, failure of the in-house products combined with our inability to raise capital sufficient enough to effectuate a planned business strategy of making us less dependent on the market for our revenues and cash flows, proved to be business conditions that we could not overcome. Our financial condition is such that our Board of Directors felt we had no choice but to cease operations."

Prior to termination of its business operations, Verdict InfoTech had engaged in extensive discussions with a number of parties in an effort to obtain capital or identify opportunities that would have allowed it to continue operations. However, despite its efforts, Verdict InfoTech could not continue operations.

We have decided on our own, not due to any court order or bankruptcy, to bring Verdict InfoTech to an end and thus we permanently closed down on 26 September, 2007.

Additionally, any updated information concerning this notice, will be posted onto this web-site as such information may become available. We encourage you to visit our website.

For any further clarification or query you can reach us at: info@verdictit.com or hrd@verdictit.com

Sincerely,

Chief Executive Officer