Cybermate Infotek - Outcome of Board Meeting

Cybermate Infotek Ltd has informed that the Board of Directors of the Company at its meeting held on December 24, 2007, inter alia, has approved the following:

1. Approval of the collaboration partner agreement for Networking, Radio Frequency Identification Device (RFID), Enterprise Application Integration (EAI), and Storage Area Implementation through Gemini Communications Ltd, Chennai. The board noted reports that Gemini Communication is in the process of executing a contract of a value of Rs 100 mn for BSNL for installation & commissioning of CDMA Cell site towers across 11 states in India. In view of the potential of business, the board expressed that the strategic alliance would strengthen and enhance the mutual business prospects of both the Companies.

2. Implementation Partnership for ERP Globally through M/s. Gradient Technologies Ltd, Hyderabad. The board noted that M/s. Gradient Technologies Ltd is a channel partner of SAP. The Company estimates revenue of about USD 1.0 million from the alliance.

3. Software Development, Implementation and Maintenance Support in India and Middle East through Tali Infotech, Saudi Arabia.

4. The Board has approved taking up Bulk Mail services to Mobile Companies in Middle East regions through a technical support from an Australian Service Provider.