Geodesic Limited : Geodesic extends its financial services in Oman

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Mumbai, June 27, 2011 – Fn.Geodesic, the financial solution arm of Geodesic Ltd. (BSE: 503699, NSE: GEODESIC) that creates financial products and solutions has recently launched its services in the rapidly growing Oman market through its Alliance partner- International Business Promoters LLC.

This partnership will enable International Business Promoters LLC to meet the latent need of local businesses with Geodesic's expertise in financial software solutions and its experience in E-Governance projects. In return, Geodesic will market and promote investment and Wealth Management solutions and other financial services in the Sultanate of Oman and other GCC countries.

Pankaj Kumar, Chairman of Geodesic Ltd, described Geodesic's interest in Oman as "the first step" to "lasting relationships & long-term business in Oman. The economy of Oman has expanded at an accelerating rate over the last decade and this will be the right time for Fn.Geodesic to start operations here. We are confident of being able to provide quality services to our clients in Oman".

'The company is well entrenched to deliver operational excellence, lower operational costs and create new growth potential' says Sanjay Sarkar, Chief Design Officer.

International Business Promoters, LLC (IBP) is also scheduled to launch its unique Investor Education program aimed at increasing the retail investor base in India shortly.

About Fn.Geodesic:

Geodesic's .Fn suite of financial products is designed to provide seamless, smart analytics interfaces between Financial Service providers and their ever-demanding customer base. These intuitive products are designed to encourage transparency and analysis by using advanced statistical engines and captivating user interfaces.

Geodesic's state-of-the-art financial solutions & powerful analytics Frameworks help to create custom bespoke offerings that are both, value-rich and competitive. Our elite clientele comprises major Financial Institutions, Banks, Broking houses, Mutual Funds & Life Insurance Providers.

Fn.Geodesic, the financial solution arm of Geodesic Limited has designed and developed various well known financial portals and applied advanced statistical modeling and data management frameworks to them. It has also developed a state of the art asset management application for investors including advanced portfolio optimization and risk management techniques.

With its extensive experience, Fn.Geodesic has been providing cutting-edge investment and wealth management solutions to a distinguished customer base in India and overseas.

About Geodesic Limited

Geodesic is an innovator in software products focused on information, communication and entertainment for mobile phones and desktop computers. Headquartered in Mumbai, India, Geodesic's Mundu suite of award-winning products includes solutions for instant messaging, voice-over-IP and Internet radio. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. Geodesic has offices in Mumbai and Bangalore in India, USA (Silicon Valley), UK, Mauritius, Hong Kong, UAE, and Uruguay.

Press Relations Contact:

Navita Sharma

Head Corporate Communications

Geodesic Limited

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