Webgyor - MyIris Launch 'Declare

Indian public companies can now, for the first time, distribute their news release in virtually real-time directly to the 1,00,000 institutional investors, analysts and financial advisors through the newly launched Declare service from Webgyor and MyIris. Webgyor - Indias leading Online Wire Agency and a Media Information Management Service provider and MyIris a leading personal and corporate financial services portal will launch Declare.

For Immediate Release
18th April 2002

Webgyor - MyIris launch DECLARE
Indias first click and mortar Investor and Media relations service

Indian public companies can now, for the first time, distribute their news release in virtually real-time directly to the 1,00,000 institutional investors, analysts and financial advisors through the newly launched Declare service from Webgyor and MyIris. Webgyor - Indias leading Online Wire Agency and a Media Information Management Service provider and MyIris a leading personal and corporate financial services portal will launch Declare.

Declare is Indias first SPECIALISED INVESTOR & MEDIA RELATIONS SERVICE. While Webgyor will bring in a 3500 strong media community from over 450 publications, MyIris will offer its vibrant platform of over 1,00,000 investors, financial advisors and analysts. The new Investor Relations Service promises to usher in a new era in the financial information services industry. Declare will give the clients unparallel access and provide information to enable timely and sensible investment decisions by their investors.

According to Kenny Ramanand, CEO, Webgyor, Investors today demand greater transparency and lower latency with regards to financial results. As the Indian markets continue to attract foreign investment, Indian public companies will have increasing need for fast, cost-effective dissemination of their market-critical news to the group of investment professionals. Indian companies can now submit price sensitive news releases to the market quickly, effortlessly and in a secure manner using our highly-customized and tested web-based press release and information dissemination system."

Pawan Bhandari, Regional Head IRIS, explaining the synergistic offering said, MyIris has been providing the latest corporate information consistently since it was launched in January 2000. Working with Webgyor on "Declare" is our latest initiative towards further augmenting this service. The newly formed association will offer an unparalleled suite of services to the investor and media communities. With access to more than 1,00,000 professional investors, Over 450 media publications and the large financial & business community, which access the partner sites, Declare will be the industries leading declaration network. Webgyor - Iris along with its partner sites gives you unparalleled reach into the desktops of investors across the country."

The Declare services range from Financial Results Distribution to the Media to Real time Cross media Hosting of Press Releases to Declaration to investors through Email Feeds to online corporate information banks to Strategic Pre Release Advisory functions to Analysts Meets to breakfast meetings to media events to creative services to Webcasting and conference calls

The media and investor communities are the most powerful influencers on the financial markets. We believe that a direct and interactive channel between the companies and these communities is a significant step towards building a long term relationship." Added Mr. Ramanand

About MyIris:

MyIris is the country's leading personal finance website. It is the most comprehensive source of investment & other personal financial information with a strong emphasis on capital markets. Positioned as a neutral platform, it is the natural destination for individuals who seek information from multiple points of view.

MyIris is a preferred platform for buyers, intermediaries and providers of financial products to interact and transact.

MyIris.com is a product of Investment Research & Information Services limited (IRIS Ltd)

About Webgyor:

Webgyor is Indias is a primary source of immediate information for journalists, investors and the general public through its unique distribution services and online and broadcast production capabilities. Its dedicated newswire, Internet, satellite and fax network is capable of pinpoint or mass distribution to satisfy the growing global demand for breaking news, photos, audio and video directly from companys listed on the Bombay Stock exchange. Companies are already using Webgyor Media Information Management Services (MIMS) to distribute releases to Media across India.

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For Further Information Contact:

Anand Menon                  
Webgyor
9844255070                   
anand@webgyor.com               
                     
Pawan Bhandari / Arun Anant   
IRIS Ltd Mumbai
91-22-4984334