Sify Touches Rs 1 Crore --Rs 10 Million-- in Online Contributions for the Red Cross & Prime Minister's Relief Fund.
Sify Limited (Nasdaq:SIFY), India's premier Internet, network and eCommerce services company, announced today that it has touched Rs 1 crore 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 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 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, 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 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 infrastructure. This Internet backbone reaches 72 cities 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 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 67 cities. The Company's network services, data center operations customer relationship management and eLearning services are accredited ISO 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.
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|Date:||Jan 5, 2005|
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