Kaashyap Technologies - Outcome Of Board Meeting

Kaashyap Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on May 09, 2007, has considered and decided on the proposal of entering an agreement with M/s. Logistic Solutions Inc., USA to open a branch office at New Jersey, USA to do business in IT Outsourcing and Consultancy etc.The Company will open its branch in USA to be known LSIKTL (combined name of Logistic Solutions Inc., Kaashyap Technologies Ltd) Logistics Solutions Inc. USA (LSIU) will assign its contracts to LSIKTL.Logistic Solutions, Inc. (LSI) is a consulting firm specializing in staff supplementation, off-site and off-site project work within the telecommunications, finance, pharmaceutical, wireless, healthcare and educational markets. Founded in 1990, LSI claims to be a premier provider of outsourcing services, offering a single solution for clients that need to create high-value and large-scale content. LSI offers a range of strategic consulting services to address clients management needs from strategic assessment and solutions design to implementation services. As the financial year 2006-07 of LSIU has seen a turnover of more than US $ 12 Million, the future for this joint venture is prospective.