GVFilms has enter into a MOU with 1-Net Singapore, a leading information communications solutions provider and a wholly owned subsidiary of Media Corp Technologies based at Singapore, for serving broadband content aggregated by them. According to the terms of the Contract 1-Net will provide its services as a partner or service provider to the GVFL Portal. 1-Net will provide streaming servers and host the data of the GVFL portals to reach its audience around the world. 1-Net is in the process of announcing its partnership with Microsoft as their ongoing relationship to support the needs of the digital streaming platform.

GVFL will have developed the fully functionally streaming web site for Indian Movies on Demand through their portal www.telugupictures.com (which is GVFL's tech partner Drushya's site) and www.gvtamilfilms.com GVFL will steam the files securely on payment to end-user on a per view license.

The project is expected to start by January 2006 and will have to state of the art technological infrastructure for software services and recreational facilities for employees.

Looking to the above developments the company expects robust growth during the next quarter and ensuing financial years due to our effective focus on offering a broad array of services to our clients around the world. In view of this arrangement the company hopes to register a healthy turnover of Rs.150 cores and profit of Rs.60 cores over a period of next three years from this web-casting division.