Sify Touches Rs 1 Crore --Rs 10 Million-- in Online Contributions for the Red Cross & Prime Minister's Relief Fund.
CHENNAI, India -- Donors Can Log on to www.sify.com or www.samachar.com and Contribute Online
Sify Limited (Nasdaq:SIFY), India's premier Internet, network and eCommerce services company, announced today that it has touched Rs 1 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>.
Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million in online contributions from all over the world so far. The contributions received by the portals are processed over a Citibank online payment gateway specially created to support the Tsunami disaster fund raising efforts in India.
The company's popular consumer portal www.sify.com, and the hugely popular news portal www.samachar.com favored by the overseas Indian community, established the online payment gateway in a partnership initiative with Citibank mid last week for contributions towards the relief work by the Indian arm Indian Arm is a steep-sided glacial fjord adjacent to the city of Vancouver in southwestern British Columbia. Formed during the last Ice Age, it extends due north from Burrard Inlet, between the communities of Belcarra (to the east) and the District of North Vancouver (to the of the Red Cross. Contributions have poured in since then from overseas Indians and others to the tune of about Rs 1 crore of rupees over the last seven days.
This is the first time that an online portal has been able to raise such a significant amount, and is indicative of the concern and generosity of Sify users worldwide. Those interested in contributing to this fund raising drive need only log onto www.sify.com, and make their contribution using all Visa/MasterCard/Diner's cards, domestic or international. Internet users can contribute to the Prime Minister's Relief Fund by logging onto http://pmindia.nic.in/relief.htm.
Mr. R. Ramaraj, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Managing Director, Sify Limited said: "We are deeply saddened by the devastation caused by the Asian tsunamis on December 26, 2004. Sify and its people are committed to helping our fellow countrymen and neighbors in their efforts to communicate with loved ones loved ones npl → seres mpl queridos
loved ones npl → proches mpl et amis chers
loved ones love npl , while assisting by contributing time, materials and money towards relief & rehabilitation in the affected communities. Sify hopes to make a real difference by using the Internet as an effective medium to cope with disasters as we have done in the past."
Sify has also established Internet centers in Tsunmai disaster zones at Cuddalore and Kanyakumari to enable easy communications from the affected areas. These centers provide free Internet access See how to access the Internet. facilities to the public, Non Governmental Organizations, officials and everyone who wish to use the Internet to communicate to their loved ones.
Other initiatives by the company include voluntary contributions by employees over the intranet, contribution of clothes, rice, pulses, soaps and detergents, and employees volunteering for relief work in the affected areas.
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 (communications, networking) Internet backbone - High-speed networks that carry Internet traffic.
These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. infrastructure. This Internet backbone reaches 72 cities in India This is a list of cities in India - * indicates capital cities of states of India. A
recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria.
cattle herds which have achieved a low level of reactors to, e.g. ISO (1) See ISO speed.
(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000.
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 20-F for the year ended March 31, 2004 and Form 6-K for the quarter ended September 30, 2004, which have 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.