Released on: November 1, 2007, 7:32 am

Press Release Author: Sreekar Reddy

Industry: Internet & Online

Press Release Summary: Goldstone Technologies Limited buys majority stake in 4G
Informatics, enters biometrics segment


Press Release Body:
Goldstone Technologies Limited (BSE: 531439; NSE: GOLDTECH), a leading
Hyderabad-based software solutions and IPTV provider, announced today that it was
acquiring a majority 51 per cent stake in 4G Informatics, a privately-held firm in
Hyderabad specializing in the Biometric Identity solutions, for an undisclosed sum.

With this acquisition, Goldstone Technologies will be getting a firm foothold in the
emerging identity solutions market in India.

Goldstone Technologies will be using a combination of cash and stock in Goldstone
Technologies, as per the guidelines of the Securities and Exchange Board of India,
to fund the majority-stake acquisition.

The cash component would be used to pay part of the consideration to the promoters
of 4G Informatics, and to fund the company's expansion. Dr. Sreeni Tripuraneni,
founder and chief executive officer of 4G Informatics, would continue to manage the
company along with its team. Goldstone Technologies will be appointing two directors
to the board of 4G Informatics.

"What attracted us to 4G Informatics was its domain expertise, association with
world leading biometric technology companies and its growing client list in India"
says Travis Caddell, managing director of Goldstone Technologies Limited. "With 4G's
portfolio of solutions for Civil ID, Criminal AFIS, Live Scan and Access Control and
its large and growing relationships with various organizations in India, working to
a Public Private Partnership model, Goldstone Technologies will be broadening its
own portfolio," Mr. Caddell added.

Dr. Sreeni Tripuraneni, founder and CEO of 4G Informatics, said, " As more and more
clients are adding to our portfolio, We were looking for a strategic partner to take
our business to the next level and make our presence strong as a leading identity
solutions provider. The market for identity solutions, including iris recognition
and fingerprint is growing rapidly in the country. We believe Goldstone
Technologies, with its robust management and technology focus, is the best partner
for 4G Informatics."


About Goldstone Technologies:

Goldstone Technologies Limited is part of the diversified Goldstone Group of
Hyderabad. It is public listed company providing IT Enabled Services. With an
established global presence, Goldstone offers Technical Support Outsourcing, Forte
Migration and Professional Consulting Services. ISO 9001:2000 certified since 2000,
Goldstone counts some of the world's premier software giants among its clientele.
In addition to expanding its IPTV business, the Company has recently diversified
into media restoration, colorization and re-colourization. For this, the company has
set up a digital media lab and acquired rights to Indian black and white films and
is in the process of acquiring rights for more old classics.

About 4G Informatics:

Believing in Bringing Tomorrow.Today, 4G leads in development and providing true
identification solutions based on biometric technologies for large scale ID
applications like Immigration and Border Security, e-Passport, National ID, Voter
ID, Beneficiary Identification solutions in Welfare Scheme Distribution, Criminal
AFIS & Live Scan Systems and also Physical, Logical Access Control and Time
Attendance applications. 4G partnered with world leading biometric technology
companies like L1 Identity Solutions/ Iridian Technologies/ Securimetrics Inc and
NEC to use their core technologies and developing solutions that meet the specific
client needs.


Goldstone Technologies, 4G Informatics, IPTV, Biometric, Travis Caddell, Sreeni
Tripuraneni


For more information, please visit www.4gid.com



Web Site: http://www.4gid.com

Contact Details: T Sreekar Reddy
Ogilvy PR Worldwide
+ 91 9866110032