[ April 24, 2002. COLOMBO, SRI LANKA ]

E-Nowave signs agreement with Board of Investment of Sri Lanka

E-nowave signed an agreement with the Board of Investment of Sri Lanka to develop off-shore software in Colombo, Sri Lanka.

" The agreement signed with the BOI provides us with an opportunity to invest on people and infrastructure in Sri Lanka. This will allow us to develop our technology centre and continue to attract the best talent in the market place. The agreement also provides e-nowave to obtain concessions offered by the government of Sri Lanka" said Mr. Navin Bharwani, CEO of e-nowave.

" Sri Lanka is the obvious choice of software development for us. The great team we have there and the availability of great talent, infrastructure and open economy ensure it as our best choice for future growth in the company" further added Navin Bharwani.