Accentia Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on October 19, 2007, inter alia, has considered and accorded the following:
1. Discussed the integration modalities with reference to 3 acquisitions so far completed by the Company and further acquisition plans as embarked by the Company in billing and insurance claims areas.
2. Considered applying and seeking the approval of FIPB (Foreign Investment Promotion Board) for the purpose of share-swap for the acquisition targets.
3. The Board has welcomed with the formal induction of Mr. Kabir Kewalramani on to the Board of Directors of the Company.
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