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| CEO Message |
Dear Shareholders
 I write to you at what can easily be the most churning period for your company. Your company has shown unparalleled resilience during its entire existence, but last year was special yet fruitful, and the top line showed a three fold increase and the net profit much higher. This vindicated company’s decision to move into IT sector as well as its perseverance to steer itself into the niche VAS related IT technology. From hereon I want to keep consolidating on the early gains and take a leap into VAS biz itself. The advent of 3G will give us yet another fillip, since technology is our exclusive terra-firma and more of it means less of competition. Therefore, what confronts is renewed optimism and immense potential.
Over the last 2 years things have drastically improved on all fronts. This is not so much due to any overwhelming improvement in sentiment rather than the result of the evolving strategies by your company that took seed when the going was tough.
On the other hand there have been some disturbing developments. As you may have observed, a few disgruntled investors are continuously striving to damage the reputation of the company, continuously hoping to arm twist the company into committing undue favors. However company has shown great resolve and courage and are able to counter this pressure. I am confident that you will continue to support me in my confrontation with such elements, in the same manner as you have during the last EGM by giving an unanimous vote to the proposed resolutions.
And, I also want to bring to your kind attention, that your company has impressed upon Dhanalaxmi Bank, a highly professional bank, so much as to tie up for Cash Credit and Term Load borrowings. This will herald the evolution of the company into financial leveraging albeit conservatively which ultimately will pave way for funding the proposed SEZ project.
The fruits of our endurance are now ripe for harvesting, it is a good time to keep invested and be part of the TeleCanor family.
Ram Praturi
CEO & Managing Director
Date: 14-08-2010
Place: Hyderabad
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