India Outsourcing has been established to capitalise on acquisition and
investment opportunities in India's BPO market, which has grown rapidly
with the rise of 'offshoring'. The BPO market includes a wide range of
services including call centres, help desks, back office operations, IT
services and customer service operations. The global BPO market is
forecast to grow to a market size of between $200 billion and $250
billion in 2008 (source: IDC).

India Outsourcing Services plc (AIM: IOS), a company formed to capitalise on
acquisition and investment opportunities in the Indian business process
outsourcing (BPO) market, is pleased to announce its flotation today on the
Alternative Investment Market (AIM) by way of a Placing.


Highlights


The Company's Chief Executive is Amit Pau, who has more than 10 years'
experience as an executive in the global telecoms industry. He was
formerly managing director of Vodafone Multi-Media and a Non-Executive
Director of Vodafone Spain and of Radamec Group plc. The Company's
Board includes Haresh Kanabar, Blue Star Capital's Chief Executive, as
Chairman and Nigel Robertson, Blue Star Capital's Chairman, as
Non-Executive Director.


Blue Star Capital (AIM: BLU), the recently floated investment company,
was instrumental in the formation of India Outsourcing and will hold
56.7 per cent of the shares in the Company following its flotation.


India Outsourcing has been established to capitalise on acquisition and
investment opportunities in India's BPO market, which has grown rapidly
with the rise of 'offshoring'. The BPO market includes a wide range of
services including call centres, help desks, back office operations, IT
services and customer service operations. The global BPO market is
forecast to grow to a market size of between $200 billion and $250
billion in 2008 (source: IDC).


To date, more than 225 Fortune 500 companies use Indian BPO service
providers. The Confederation of British Industry estimates that 29 per
cent of British firms have transferred jobs offshore and predicts that
59 per cent are likely to do so in the next two years. According to
recent studies, the Indian IT Enabled Services BPO industry grew at
about 54 per cent during 2003-2004, recording revenues of US$3.6
billion in that period (source: NASSCOM).


India Outsourcing has raised gross proceeds of 500,000 by way of a
Placing.


The Company has no trading businesses although a number of potential
targets have been identified.


Durlacher is the Company's nominated adviser and broker.


Commenting on the flotation, Haresh Kanabar, India Outsourcing's Chairman, said:
'We have been delighted by the high level of interest in the fundraising for
India Outsourcing, which reinforces our view that investors are seeking exposure
to India's rapidly growing outsourcing market. We look forward to making our
first acquisition in India and to creating value for shareholders.'



PLACING STATISTICS

Number of existing Ordinary Shares prior to the Placing 5,000,000

Placing Price 5p

Number of Placing Shares 10,000,000

Number of Ordinary Shares in issue
following the Placing and Admission 15,000,000

Percentage of enlarged issued share capital subject to the Placing 66.66%

Market capitalisation at the Placing Price 750,000

Gross proceeds of the Placing 500,000

Estimated Net proceeds of the Placing receivable by the Company 395,000

Very Yummy.

What did you buy at doggy

20.25

think i might sell. not sure about long term potential!

nice one

what happened to the header post?

When your happy and you know it clap your hands.


clap clap.

And buy your mates a glass of wine in the tea-rooms!
;>)

IOS will be 1+ next week.

beware of stock ramping by sleazy characters!!!!!!!!!!!

Well exactly! 1 by the end of this week! did i laugh or what!!

we all know the 5 target is well in reach.
:-)

IOS has not been doing well as expected...down to 20p today from 31p last week

Any thoughts on why the slump in price when the potential is huge?

initial rise was due to frenzy, a more stable price will be here until any news. 10p perhaps!

Everyone who is there for a quick profit might be a a bit impatient, however serious investors remember -- Indian outsourcing hasn't said anything yet! not the last one anyway. India is an emerging market like China. Although China is talked about a lot India is not. Remember CAIRN (I wish I was in early)Watch that space!Advice Buy Buy Buy

10p more realistic for IOS for now.

Up 42% today. News imminent? I note that one of the board members is CEO of GFC, in which I hold a few shares