BWI: Rediff.com Announces Results of Extra-ordinary General Meeting

Press release from Business Wire India
Source: Rediff.com India Ltd
Friday, November 26, 2010 04:22 PM IST (10:52 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Media & entertainment, Stock exchanges; Technology
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Rediff.com Announces Results of Extra-ordinary General Meeting


Mumbai, Maharashtra, India, Friday, November 26, 2010 -- (Business Wire India) -- Rediff.com India Limited (NasdaqGM: REDF) today announces the results of its Extra-ordinary General Meeting (EGM) of its shareholders held on November 26, 2010. At the EGM, Rediff's shareholders unanimously approved all 3 resolutions presented for vote, including the resolution relating to the acquisition of Vubites. The acquisition is expected to be completed before December 10, 2010 and once completed will enable the Company to enter the Local TV-Ad market using internet technology.

About Rediff.com

Rediff.com (NASDAQ: REDF) is one of the premier worldwide online providers of news, information, communication, entertainment and shopping services to Indians worldwide. Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New Delhi, India and New York, USA.

Safe Harbor

Except for historical information and discussions contained herein, statements included in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and reflect our current expectations. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to the slowdown in the economies worldwide and in the sectors in which our clients are based, the slowdown in the Internet and IT sectors world-wide, competition, success of our past and future acquisitions, attracting, recruiting and retaining highly skilled employees, technology, acceptance of new products and services, legal and regulatory policies, managing risks associated with customer products, the wide spread acceptance of the Internet as well as other risks detailed in the Form 20-F and other reports filed by Rediff.com India Limited with the U.S. Securities and Exchange Commission. Rediff.com India Limited and its subsidiaries may, from time to time, make additional written and oral forward looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. Rediff.com India Limited does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.



CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs, Rediff.com India Ltd, +91(22) 24449144, investor@rediff.co.in

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, MEDIA, STOCK EXCHANGES, TECHNOLOGY

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