Sql Star International acquires consulting business of SolutionNet Group

MUMBAI: Sql Star International Ltd has informed BSE that the Company has through
its subsidiaries acquired the consulting business of US-based SolutionNet Group.

SolutionNet Group is a well-established 10-year old US-based consulting and
product group with an annual turnover of approximately 5 million dollar in
consulting. It has on site consulting businesses spread over US, Australia and
Singapore. As per the acquisition deal, the company's wholly owned US subsidiary
SQL Star International Inc will be taking over the consulting business of
SolutionNet, US, whereas the Singapore business will be taken over by the
Company's wholly-owned Singapore subsidiary International SQL Star Pte. Ltd. The
Australian business of SolutionNet group will become the Australian subsidiary
of the Company.

Raj Ganti will head all the Global businesses, as the Chief Executive
Officer. The Indian business will continue to be spearheaded by Narendra Shukla.

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