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Edserv Softsystems Ltd.

BSE: 533055 Sector: IT
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Edserv Softsystems Ltd. (EDSERV) - Chairman Speech

Company chairman speech

EDSERV SOFTSYSTEMS LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Dear Shareholder, Warren Buffett once famously said that the investor of today does not profit from the growth of yesterday. Indeed, tome, this is the moment that we must profit from, & build on the wealth of our yesterdays, and share its benefits more equitably with our tomorrows. If imparting education has been the cornerstone of our growth and development in the past, then we must sustain this growth by not allowing it to favor only the fortunate few, but by help introduce a higher dimension of consciousness and knowledge to the awareness of the unfortunate many. Ladies & gentlemen, I'm very happy to present yet another year of stupendous growth. Your company was founded, if you may recall, with a dream that our children, & our children's children will be judged one day by the only metric that it's worth believing in- that of Merit -with a capital M. We vowed that we will fulfill their dreams in help building their lives, their careers and equip them for a fantastic voyage that fathoms the future, fearlessly. EdServ has, since then, grown from strength to strength in helping find a meaningful solution to India's problem of education- or, the lack of it- among the teeming millions of young Indians. Today EdServ is a top draw company globally when it comes to not only offering education, but also career solutions in a most affordable and seamless way. As part of EdServ's mission to provide cradle to career solutions, addressing student needs from pre-school to engineering and beyond, EdServ this year rolled out a number of academic and test prep solutions to support the academic preparatory needs of a student from core examination support including knowledge & skills upgrade, and passing competitive & semester examinations. EdServ's TestPrep solutions announced IITJEE, AIEEE (year long courses], CA-CPT, CA-INTER (IPCC) and FINAL, CAT, Law Entrance & AIPMT, among others., your company's flagship product is accessed online widely across the world. With the latest rating our site within 7,000 top websites across wider markets for services in the web and online. This is a unique feat indeed considering the fact that we don't offer anything FREE and all products offered in our website are chargeable. So, I can proudly stand up and state that our site is truly used by the needy who don't mind paying for the high quality services in education and career solutions. With regard to school support, our Vidhyadhana Division has in its fold over 120 schools providing various services that include online ERP, Hitech Schools, plus investment support for capacity and infrastructure expansion needs. We plan this year a further reach of around 500+ schools under this division. Vidhyadhana Division now encompasses an improved SchoolMATE V3.0 that provides EdClass, EdSchool, EdLabs, EdMedia, EdQuiz, and EdCourse offerings to schools coming under Vidhyadhana Academy. This means, every school becomes instantly empowered with classrooms having multimedia- content broadcast capabilities along with a 2-way question-answer sessions for each class, every hour. Tutors have their own login ID as with the case of students and parents to ultimately bring the communities into the ecosystem for better understanding and steeper learning curve. During this year, we improved our dealer network to over 1,500 right across the country. Now we can say proudly that we are present in almost all the states of India selling our products' usage hours to needy students or career seekers. Further, we have also launched Edlnstitute this year, which is a model training center giving ONLINE LAMPSGLOW access to a student who cannot access internet based systems because he / she simply can't afford it. This truly reflects our commitment to reach the bottom layer of the pyramid, should technology be a barrier for learning. Also, the current year also sawyour company launch a product for the masses to instantly share the information and knowledge on the move and benefit immensely without having to go through cumbersome logins on the web. -the path-breaking product for smartphones can record and transmit pictures, texts, audio messages & video instantly with the help of a website that is owned by every registrant. With just the mobile number and a mobile id as verification, this product seamlessly serves you on the fly, be it catching up with the trends in your local area or browsing through items just launched in the nearby mall or engaging a tutor or a contact person to facilitate a second-hand sale / purchase. EdServ also opened Skill Upgradation Centers (SUC) in Gujarat with a tie-up with its State Government and also trained scores of students and job seekers on skill development in various IT and non-IT vocational domains during the year. This year also saw your company signing up with a number of partners for progress that include Asianet, IL&FS Education, Samsung, Blackberry, Sreeram Coaching Point, Sivmax, HT Campus, & Wings, among others. Life responds to deserve and not to need. It doesn't say, 'If you need, you will reap.' It says, 'If you sow, you will reap.' And today, my friends, you certainly deserve this leap of growth, which was triggered by your act of faith in your company. Having kept the faith that the most exciting breakthroughs of the 21st century will not occur because of mere technology, but because of an expanding concept of what it means to be human, your company has gone ahead and introduced various education and career support services using niche, easy-to-access technologies, which makes learning eminently affordable and more meaningful to every man & woman who cares enough to deserve it. The goals of academic purposes & career plans are now achieved through a first-of-its-kind student-consumer offering on a web super-store framework- and this is not mere super market hype, so to speak. With over 2,00,000 registered users, 5,000 registered tutors, 500 registered clients, 150 registered institutions, has come a long way and is poised to capture global leadership in this segment of market. Last, but not least, EdServ has also signed up with the country's premier mobile service provider TATA Docomo through their distributor, where your company's wide range of educational content on will go to serve its subscribers. Having also inked deals with Blackberry and Samsung, your company's premier content and skill development courses will be used all over the world, thanks to these top brands in mobile space. Great mountaineers do not so much conquer the mountain as they do themselves. The same is true for all of us in our quest to dispel darkness and usher in the light of knowledge among the young men and women of this great country of ours. Let our lampsglow brightly in the year ahead too. With warm greetings for the festival season ahead, to you and your family, S. Giridharan, Chairman & CEO 30.08.2011, Chennai