fact or fiction, page-5

IS THIS PART OF THE ONGOING BUSINESS CONNECTION WITH RADICAL SOFTNET I keep asking myself on a daily basis.

“Currently India enjoys one of the world’s lowest tariff structures for mobile phone
ownership and it is experiencing extremely rapid take up rates for new handsets – up
to five million handsets per month are being sold. In conjunction with this, mobile
applications such as music are driving growth rates in value added services to
around the 20% mark annually. With the launch of 3G services later this year, we are
excited about our prospects with OUR NEW JOINT VENTURE PARTNERS,(emphasis mine)” he said.

Radical SoftNet is part of the Telemart Communications group of companies which is
the exclusive distributor of Samsung handsets throughout India. It operates a
network of 26 office and logistics distribution centres throughout the country
servicing over 40,000 retail channel partners. It is chaired by Mr Ashoek Gupta, the
national president of the Indian Cellular Association. Radical SoftNet provides
mobile content and business services WITH ITS OWN TIER 1 DATA CENTRE and 24 HOUR CALL CENTRE.(emphasis mine)

India today has more than 217 million mobile subscribers, including both GSM and
CDMA, as at 31 October 2007 according to the telecommunications regulator Telecom
Regulatory Authority of India. Handset shipments are experiencing year-on-year
growth at rates of 32.4% and shipments for 2007 were expected to reach 80 million.
(IDC India Quarterly Mobile Handsets Tracker Q1 2007)