Chennai, Tamil Nadu, India
Sify Limited (NASDAQ: SIFY), a leader in Consumer Internet and Enterprise Services in India with global delivery capabilities, announced on September 28, 2007 that, in accordance with Rule 12b-25 of the Securities Exchange Act of 1934, it filed a fifteen day extension notification with the SEC relating to the Company's Annual Report on Form 20-F for the fiscal year ended March 31, 2007.
Sify is requesting the extension solely due to the need for additional time to complete its financial statements and management's discussion and analysis of financial condition and results of operations. Sify expects to file its Annual Report on Form 20-F prior to the expiration of the fifteen day extension.
About Sify
Sify is among the largest Internet, network and e-Commerce services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common Internet backbone infrastructure. This Internet backbone reaches 221 cities and towns in India. A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services, enterprise applications and hosting. A host of blue chip customers use Sify's corporate service offerings. Consumer services include broadband home access, dial up connectivity and the iWay cyber cafe chain across 163 cities and towns. Sify is recognized as an ISO 9001:2000 certified service provider for network operations, data center operations and customer support, and for provisioning of VPNs, Internet bandwidth, VoIP Solutions and integrated security solutions, and BS7799 certified for Internet Data Center operations.
For more information about Sify, visit www.sifycorp.com
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risks Related to Our Business" in the company's report on Form 6-K for the quarter ended December 31, 2006 which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov.
Source: Sify Limited (Business Wire India)