Oppstartsfase I ASA: WW ASA – Extraordinary General Meeting 28 May 2010 (minutes corrected)

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT
NOTICE AT THE END OF THE STOCK EXCHANGE RELEASE.

An extraordinary general meeting of Oppstartsfase I ASA (to be renamed Wilh. Wilhelmsen
ASA) (the “Company”) was held on 28 May 2010.

Further to the stock exchange of 28 May 2010 in which the Board of Directors announced
the final terms of the global offering, the Extraordinary General Meeting of WW ASA
passed a resolution to increase the share capital of the company with minimum NOK
36,571,400 and maximum NOK 127,934,000 through the issue of minimum 36,571,400and
maximum 127,934,000 new shares to be issued in the global offering.

The general meeting also resolved to split the company’s shares in the ratio 1:100 to a
nominal value of NOK 1 and to grant an authorisation to the Board of Directors to
increase the share capital of the company.

The (corrected) minutes from the extraordinary general meeting are enclosed hereto.

Important Notice

The contents of this announcement have been prepared by and are the sole responsibility
of the Company. The Joint Global Co-ordinators and Bookrunners and the Joint Lead
Managers and Co-Bookrunners are acting exclusively for the Company and no one else and
will not be responsible to anyone other than the Company for providing the protections
afforded to their respective clients, or for advice in relation to the contemplated
Global Offering, the contents of this announcement or any of the matters referred to
herein.

The Global Offering and the distribution of this announcement and other information in
connection with the Global Offering may be restricted by law in certain jurisdictions.
The Company assumes no responsibility in the event there is a violation by any person of
such restrictions. Persons into whose possession this announcement or such other
information should come are required to inform themselves about and to observe any such
restrictions. This announcement may not be used for, or in connection with, and does not
constitute, any offer of securities for sale in the United States or in any other
jurisdiction. The Global Offering will not be made in any jurisdiction or in any
circumstances in which such offer or solicitation would be unlawful.

This announcement is not for distribution, directly or indirectly in or into any
jurisdiction in which it is unlawful to make any such offer or solicitation to such
person or where prior registration or approval is required for that purpose. No steps
have been taken or will be taken relating to the Global Offering in any jurisdiction
outside of Norway in which such steps would be required. Neither the publication and/or
delivery of this announcement shall under any circumstances imply that there has been no
change in the affairs of the Company or that the information contained herein is correct
as of any date subsequent to the earlier of the date hereof and any earlier specified
date with respect to such information.

Securities may not be offered or sold in the United States absent registration or an
exemption from registration. The Offer Shares offered in the Global Offering have not
been and will not be registered under the United States Securities Act of 1933, as
amended (the “US Securities Act”) or with any securities regulatory authority of any
state or other jurisdiction of the United States, and may not be offered or sold within
the United States, except in transactions exempt from registration under the US
Securities Act, or in any other jurisdiction in which it would not be permissible to
offer or sell such Offer Shares. All offers and sales outside the United States will be
made in reliance on Regulation S under the US Securities Act.

This document does not constitute an offering circular or prospectus in connection with
an offering of securities of the Company. Investors must neither accept any offer for,
nor acquire, any securities to which this document refers, unless they do so on the
basis of the information contained in the prospectus to be published by the Company.
This document does not constitute an offer to sell, or the solicitation of an offer to
buy or subscribe for, any securities and cannot be relied on for any investment contract
or decision.
This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian
Securities Trading Act)

HUG#1420260

EGM Minutes 200510 (Norwegian) http://hugin.info/143231/R/1420260/369882.pdf EGM
Minutes 280510 http://hugin.info/143231/R/1420260/369881.pdf

Constitutional powers should not be exceeded: Manmohan Singh

New Delhi, May 8 (ANI): Prime Minister Dr Manmohan Singh on Saturday said the judiciary, legislature and executive should not exceed their respective powers as enshrined in the Constitution, but work in accord to maximise public good.

“It is assumed that none of the organs of the state, whether it is the judiciary or the executive or the legislature, would exceed its powers as laid down in the Constitution,” said Dr Singh at the national conference on ”Law and Governance” to mark the Golden Jubilee of the Bar Association of India.

“Even though their jurisdiction may be separated and demarcated, it is expected that all institutions would work in harmony and in tandem to maximise the public good,” he added.

Dr Singh reiterated the need for concerted efforts by the government, the judiciary and the Bar Association to help reduce the mounting arrears in courts and growing cost of litigation, as he said the doctrine of ”separation of powers” was acknowledged as one of the basic features of the Constitution.

“It is also commonly agreed that all the three organs of the state, namely the Legislature, the Judiciary and the Executive, are bound by and subject to provisions of the Constitution, which demarcates their respective powers, jurisdictions, responsibilities and relationship with one another,” he said.

The Prime Minister said the lawyers were an integral part of India”s system of administration of justice and they had a role, which was not confined to courts and advising clients.

“The role of lawyers is not confined to courts alone or advising the clients in business deals. It extends to being an integral part of our system of administration of justice – and justice is not just in the legal sense, but justice – social, economic and political – as set out in the preamble of our Constitution,” said Dr Singh.

Praising the efforts of the lawyers for their contribution, whether during Independence struggle, framing of the Constitution or just government, Dr Singh expressed his delight at having some former members of the Bar Association of India in his Cabinet.

“The Bar Association of India too has a larger objective beyond the furtherance of professional interests. It aims at promoting public and national welfare in manifold directions and upholding the Constitution of India and the Rule of Law,” added Dr Singh. (ANI)

Media Advisory: Fraser Institute’s Annual Survey of Mining Companies to be Released Thursday, April 15

VANCOUVER, BRITISH COLUMBIA, Apr 14 (MARKET WIRE) —
The Fraser Institute will release its Survey of Mining Companies
2009/2010 on Thursday, April 15 at 6:30 a.m. (Eastern).

This annual report represents the opinions of 670 mining executives and
managers worldwide on the policy and mineral endowment of 72
jurisdictions on all continents except Antarctica. Companies
participating in the survey reported exploration spending of US$2.9
billion in 2009 and of US$3.6 billion in 2008.

A news release with additional information will be issued via Marketwire
at 6:30 a.m. Eastern on Thursday, April 15.

The full report will also be available as a free PDF download at
www.fraserinstitute.org.

Fred McMahon, coordinator of the survey and the Institute’s
vice-president of international policy research, will be in Toronto and
available for media interviews the day of the release.

Follow the Fraser Institute on Twitter | Become a fan on Facebook

Check out our latest videos on YouTube

The Fraser Institute is an independent research and educational
organization with locations across North America and partnerships in more
than 70 countries. Its mission is to measure, study, and communicate the
impact of competitive markets and government intervention on the welfare
of individuals. To protect the Institute’s independence, it does not
accept grants from governments or contracts for research. Visit
www.fraserinstitute.org.

Contacts:
The Fraser Institute – Media Contact
Fred McMahon
Vice-President of International Policy Research
(416) 363-6575 ext. 226
fred.mcmahon@fraserinstitute.org

The Fraser Institute
Dean Pelkey
Director of Communications
(604) 714-4582
dean.pelkey@fraserinstitute.org
www.fraserinstitute.org

Copyright 2010, Market Wire, All rights reserved.

Media Advisory: Fraser Institute’s Annual Survey of Mining Companies to be Released Thursday, April 15

VANCOUVER, BRITISH COLUMBIA, Apr 14 (MARKET WIRE) —
The Fraser Institute will release its Survey of Mining Companies
2009/2010 on Thursday, April 15 at 6:30 a.m. (Eastern).

This annual report represents the opinions of 670 mining executives and
managers worldwide on the policy and mineral endowment of 72
jurisdictions on all continents except Antarctica. Companies
participating in the survey reported exploration spending of US$2.9
billion in 2009 and of US$3.6 billion in 2008.

A news release with additional information will be issued via Marketwire
at 6:30 a.m. Eastern on Thursday, April 15.

The full report will also be available as a free PDF download at
www.fraserinstitute.org.

Fred McMahon, coordinator of the survey and the Institute’s
vice-president of international policy research, will be in Toronto and
available for media interviews the day of the release.

Follow the Fraser Institute on Twitter | Become a fan on Facebook

Check out our latest videos on YouTube

The Fraser Institute is an independent research and educational
organization with locations across North America and partnerships in more
than 70 countries. Its mission is to measure, study, and communicate the
impact of competitive markets and government intervention on the welfare
of individuals. To protect the Institute’s independence, it does not
accept grants from governments or contracts for research. Visit
www.fraserinstitute.org.

Contacts:
The Fraser Institute – Media Contact
Fred McMahon
Vice-President of International Policy Research
(416) 363-6575 ext. 226
fred.mcmahon@fraserinstitute.org

The Fraser Institute
Dean Pelkey
Director of Communications
(604) 714-4582
dean.pelkey@fraserinstitute.org
www.fraserinstitute.org

Copyright 2010, Market Wire, All rights reserved.

‘Unveil entire health plan’, Gallagher urges Rudd

ACT Health Minister Katy Gallagher says it would be helpful if the Commonwealth unveiled its entire health plan.

The Federal Government has promised to spend $740 million taking over aged care services if the states and territories agree to sign up to its health plan.

The proposal is the latest in a series of announcements in the lead-up to next week’s Council of Australian Governments (COAG) meeting.

Prime Minister Kevin Rudd yesterday announced the plan includes $500 million to cut emergency department waiting times to under four hours.

The Government wants to claw back a third of GST revenue from the states to pay for a 60 per cent funding takeover of public hospitals.

Ms Gallagher says some of the proposals will help the ACT but she has reservations about others.

“What would be useful I think would be to have the whole package pulled together,” she said.

“We’re getting drips of what the Commonwealth’s intending to do day by day so it is a bit hard to put it all together.

“Some of the announcements [Kevin Rudd] has made will I think assist the ACT in meeting our health needs. This emergency department one I’m not so sure.”

Ms Gallagher says she still supports the overall health plan in principle but says it is hard to know whether other jurisdictions will back the idea.

“I think there are jurisdictions which are really very concerned about a number of areas. We have less of those concerns because of our size,” she said.

Pairing Personal Property Tax Appeals With Real Market Data From Business Valuation Firm AccuVal Could Lower Companies’

MEQUON, WI, Apr 05 (MARKET WIRE) —
With property tax compliance season in full force and many spring filing
deadlines looming, many companies are turning their attention to their
taxable assets. Companies and taxing authorities often disagree on the
basis upon which assets are taxed, and in certain economic conditions,
assets may be over-assessed, meaning that the value that is the basis for
the assessment may outdate current market conditions.

Successfully challenging the assessment basis can reduce your current and
future tax liabilities and even recover payments made in past years.
AccuVal, a leading business valuation, advisory and asset management
services company, provides appraisals backed with extensive, real market
transactions to establish the basis for Fair Market Value, a solution not
offered elsewhere in the industry. The firm has amassed the largest
database of personal property transaction information in the world.

When a corporation disagrees with an assessment for property tax
purposes, they generally file an appeal. In order for that appeal to be
effective, the testimony of an expert witness may be required. AccuVal
not only provides appraisals for personal property tax appeal, but also
has tax experts available to provide expert witness testimony and provide
the crucial support details necessary to win dispute cases.

“Our tax experts are experienced in appealing property taxes — from
local jurisdictions all the way to the state Supreme Court level,” said
Andy Gronik, President & CEO of AccuVal. “With our services, you can stop
over-paying taxes on out-of-touch assessments.”

Other related services from AccuVal include fixed asset reconciliation in
which AccuVal updates fixed asset records to save clients from payment of
assessments and insurance on property no longer owned, and the
classification of personal property for tax purposes in which AccuVal can
help maximize the use of accelerated depreciation tables. These
approaches to appealing property tax assessment have saved AccuVal’s
clients millions and have done so more quickly and with fewer legal
disputes than alternative approaches.

For additional information or to request a proposal, call 800-852-9252 or
visit www.accuval.net.
To read more on this subject, visit:

http://www.accuval.net/insights/featuredarticle/detail.php?ID=21

About AccuVal:

AccuVal is a global valuation and consulting firm that helps companies
“up” their success. They provide a broad range of business valuations,
including goodwill impairment, fresh start accounting, purchase price
allocation, stock valuation, and bond valuation, that empower companies
to confidently make strategic business decisions and achieve greater
success.

Contact:
AccuVal
800-852-9252

Copyright 2010, Market Wire, All rights reserved.

Carey collapse hurts home builders, creditors

A building company in Alice Springs that went into liquidation at the start of March has left a dozen homes unfinished and many contractors with outstanding bills.

The liquidator of builder Randal Carey’s company, Carey Builders, says creditors’ claims now exceed half a million dollars.

The liquidator, Alan Scott says the amount the company owes will continue to grow.

“The amount owed at the moment as best we can work out is about $550,000,” Mr Scott said.

“But there are still further creditors coming to light, including a claim from the Tax Office, which we are not quite sure of the quantum of that yet.

“But it will certainly be a reasonably large number, but I would anticipate over $100,000.”

The company’s sole director is Randal Carey’s wife Bronwyn Carey.

Mr Scott said his team was formulating claims against the director, and analysing the company’s transactions to track any transfer of assets.

“Most of the claims we will have will be against the director for breaches of director’s duties in some way,” Mr Scott said.

“That is probably the only result we will end up getting for the creditors.

“Now whether that is going to give a return to the creditors or not I am not really sure at this time.”

Alice Springs resident Rebekah Axe has been left with an unfinished home and no money to pay for its completion.

She wants the Territory Government to introduce an insurance scheme to cover non-completion to protect people building homes.

Territorians need protection just as much as anybody else in Australia.

Real Estate agent Andrew Doyle says the scheme was proposed more than three years ago.

“If the NT government had that insurance in place we would not be having this discussion,” Mr Doyle said.

The Government says it is committed to introducing the scheme but wants to learn from the mistakes of other jurisdictions.

A spokesman said the Government was helping creditors to find alternative contractors to complete their homes.

The Opposition’s Adam Giles said the Labor Government promised home warranty insurance in 2001.

“Contractors are still going without money, employees are suffering in those companies,” Mr Giles said.

“This is just another failure that’s been 10 years in the making and people who are trying to build their pride and joy in a new home are left suffering.”

Who’s playing God?

We’re at the checkout at our local IGA, working fast because the kids have spotted the chocolates placed strategically at kid-friendly height. The woman next in line asks pleasantly, and within ear-shot of one and all, whether their ‘real’ parents are dead. I smile and say politely ‘yes’.

A friend of ours who has also adopted a little girl from Ethiopia said that she was approached by a woman one day at her neighbourhood park. The friendly woman asked why her child called her ‘mum; did she teach her to do that?’

Talk to anyone that’s adopted a child from overseas and you’ll hear similar stories. We’ve possibly all suffered the looks of disgust. We laugh and move on.

The recent spate of media attention focusing on a foreign inter-country adoption program involving Ethiopia children (yes, America is a foreign country) has led to speculation about the Ethiopian-Australian program.

Lost on the media reports is the clear understanding of all people that have adopted from Ethiopia that the Australian program has many requirements that exist because of the unscrupulous workings of the American program. So it is ironic that some elements of the media have drawn parallels between these two disparate contexts. For one, the American system is privatised and involves many non-government organisations; the Australian program is strictly controlled by governments, both state and federal in almost all jurisdictions.

Inter-country adoption is not a perfect process. But how can it be? We are involving bureaucracies with the establishment of families across diverse circumstances. Governments can only cope with generalisations while the circumstances and situations underpinning every single adoption are entirely different.

To give some background to our situation: we adopted our two children in 2004 when Eskindir was two and Eskedar was four years of age; they had been living with their grandmother since their father died in an uprising in about 2002; their mother is believed to have died soon after leaving the children with their grandmother. There is only one other sibling, Meron. She has been living with us in Canberra since mid-June 2009. She is in Australia on a student visa and is 17 years of age. They have been loved from birth and continue to be loved.

The act of adoption itself raises many ethical issues. In a perfect world we would never have had our children. Their biological parents would be alive; their father would not have become involved in an uprising and would not have been killed and their mother would be fit and well and thriving in a disease-free Ethiopia. In a perfect world we believe that children are best raised within their culture of birth. Yet in the case of our children, their sick grandmother and other relatives, felt that they could not care for them. In reality, we think we are better than an orphanage. If you don’t believe us, go and spend a day in one in Addis Ababa.

The other option: fund the children to live with their grandmother in their country of birth so that they gain all the opportunities that they would be offered here. Well this is where we face our demons; we wanted children. Yes, this could be called selfish, we still think of it in that way, but so be it. We are playing God. But all the journalists that jumped quickly on the criticism bandwagon are also playing God.

When they return to their comfy upper-middle class homes think of the children in orphanages in Ethiopia. Yes, there are problems with inter-country adoption, yes we should be striving to make the system as perfect as possible and no child should ever be adopted unless the Hague Convention requirements are clearly followed but don’t throw the baby out with the bathwater.

Let’s not see our government give up because it is all too difficult. We should be looking at our program, not in terms of what is going on in America, but in terms of the way that it is functioning in Australia. We should be seeking to constantly improve the program so that the needs of children are not misrepresented, here or in Ethiopia. Instead of looking down from the dizzy heights of comfort and casting quick judgements, why not try to understand the complexities of inter-country adoption and seek to see that the rights of children are always uppermost in our minds.

Every thoughtful Australian adoptive parent, when going through the process of adoption, is forced to think deeply about the rights associated with raising a child away from the child’s birth country and birth culture. Watching our children now, with more than five years of Australian culture under their belt, we can only see them as our children and the relatives back in Ethiopia, grandparents and cousins, are part of our lives too.

Yet like all parents, we worry; we worry not just about the day-to-day things that are part and parcel of parenting, but we worry about linking across two countries and cultures. We worry about their ‘acceptance’ in Australia. The current media attention has done nothing to ease our minds.

Tim Gavel is ABC Grandstand’s Canberra broadcaster.

Gay marriages begin after Mexico law change

Five same-sex couples were married today in Mexico City after a recent change to the city’s laws.

They are the first to have legally recognised same-sex weddings anywhere in Latin America.

The judge who witnessed four of the five marriages, Hegel Cortes, called it “an historic day”.

But the move has many opponents.

The Mexican law and the resulting marriages have ignited a storm of protest.

The Catholic Church is staunchly opposed. So is the federal government, including president Felipe Calderon.

The attorney general has filed an appeal to stop the marriages, but Mexico’s federal courts rarely interfere in cases involving lower jurisdictions.

Homosexuality remains anathema throughout most of Latin America.

While one gay couple was married in Argentina last year, that marriage was quickly struck down by the courts.

Sydney bus operators told to lift their game

An Auditor-General’s report has called on Sydney bus operators to lift their game, saying the public deserves a better service for their money.

The Auditor-General Peter Achterstraat says that while some advances have been made since 2004, major performance issues remain with metropolitan services.

Mr Achterstraat has found that 1 in 4 passengers are left standing at bus stops at least once a week and 1 in 3 want to catch a bus at times when services have stopped operating.

He found the problem lies with wide variations in service levels, with privately operated buses less frequent and less accessible than public services.

The Auditor-General says with bus contracts worth $5.6 billion over seven years, the public is entitled to value for money.

He has recommended the state government tie bus contracts to cost and performance benchmarking and monitor how companies respond.

Mr Achterstraat says bus companies who under perform should be penalised.

“There’s the scope for penalties in other jurisdictions up to two per cent, I think,” he said.

“A great city deserves a great bus system and that’s why it’s so important that when the contracts are being renegotiated next year the Government ensures that the best possible service is provided at the cost outlaid.”

Accused Killer Uses U.S. Census as Defense in Court

ATLANTA โ€” A Georgia man accused of killing two people is trying to get his murder charges dismissed by using the Census defense.

Floyd Wayne Williams Jr. is saying the charges should be dropped โ€” or at least his trial should be delayed โ€” until the 2010 Census is done. He says that way a jury that accurately reflects the county’s current racial makeup can be chosen.

Williams, who is black, is to be tried in Clayton County, which has seen a surge in African-American residents since the 2000 Census.

Attorneys for Williams made their argument to the Georgia Supreme Court on Monday.

Jury pools in Clayton County, like many other jurisdictions, are drawn from voter registration lists, driver’s license data and utility records. The list is then balanced by gender and race using the Census.

C B Bhave elected chairman of IOSCO

C B Bhave, chairman, Securities and Exchange Board of India (SEBI) has been elected chairman of the Asia- Pacific Regional Committee of the International Organization of Securities Commissions (IOSCO) at the 34th Annual Conference of IOSCO being held at Tel Aviv, Israel.

IOSCO is recognized as the international standard setter for securities markets.

The members of the Asia-Pacific Regional Committee are Australia, Bangladesh, Brunei, People`s Republic of China, Hong Kong, India, Indonesia, Japan, Korea, Kyrgyz Republic, Malaysia, Mongolia, New Zealand, Pakistan, Papua New Guinea, Philippines, Singapore, Sri Lanka, Chinese Taipei, Thailand and Vietnam.

The Organization`s wide membership regulates more than 90% of the world`s securities markets and IOSCO is the world`s most important international cooperative forum for securities regulatory agencies. IOSCO members regulate more than one hundred jurisdictions.

Victoria Premier meets Indian envoy, reassures her about Indian students safety

Melbourne, May 29 (ANI): The Premier of the Australian state of Victoria, John Brumby today met with Indian High Commissioner Sujatha Singh and Consul General of India Anita Nayar to discuss the safety and security of the Indian community in Victoria.

In a statement issued after the meeting, Brumby said the discussions had centered on the safety and security of Victoria’s Indian student community and further measures that may be required to ensure their experience of living, studying and working in Victoria was a successful and enjoyable experience.

“It was a pleasure to meet Mrs. Singh and Ms Nayar, and our discussions were very positive and productive,” Brumby said.

“Our discussions were about safety and security within Victoria’s Indian community, including what measures our Government and police have in place to ensure safety and what further measures may be required to make sure that Victoria continues to be the first-choice destination for Indian students.

“It’s important to note that on the whole Victoria is a wonderful place for Indian students and we want every Indian student who comes to Victoria to have that experience.

“The vast majority of Victorians welcome Indian students to our state but, we do recognize that there are some times and places where Indian students are more vulnerable and that’s a concern we’ve been working to resolve.

“We agree that while the overall rate of crime in Victoria is low compared to other jurisdictions, any incidence of crime or violence against a member of Victoria’s Indian community is one too many, completely unacceptable and should not be tolerated.

“We are a community built on the understanding that we may come from different and races, follow many faiths and different cultures – but we are all equal and our community is richer because of our multicultural make-up. Any attack on an individual because of race, culture, gender or appearance is disgraceful and unacceptable.”

Brumby said attacking any individual is abhorrent to the values and principles that made Victoria among the world’s most successful multicultural communities.

“That’s why our Government introduced the Racial and Religious Tolerance Act and that’s why Victoria Police is working hard with our Indian community to tackle incidents of crime and violence,” he said.

“Last year our Government established an Overseas Student Experience Taskforce which examined a range of issues, including safety. The task force released a report in late December that included a number of recommendations that the Government is closely examining.

“But we recognize that there is more that can be done and we will look at whether there needs to be changes to make it easier to access information or legislative changes to ensure penalties are matching the severity of a crime.

“With this in mind we will be announcing new measures in the near future to improve the overseas student experience, particularly with respect to safety.”

In addition, Victoria Police is also working to tackle issues together with the Indian community, he said.

In a separate statement, Australian Deputy Prime Minister and Education Minister Julia Gillard said she was deeply saddened and shocked by the attack on a group of Indian students in Melbourne over the weekend and condemned it unreservedly.

“I would like to extend my sympathies to the victims of this callous attack. I want to reiterate my statement before Parliament on Tuesday that the Australian Government will not tolerate victimisation and violence against international students. Such attacks violate the fundamental Australian values of tolerance and respect for diversity in our society,” she said.

“The Victorian Police are investigating this serious crime. On the information I have, two people have been interviewed and one has been charged with assault-related offences and is currently in custody on remand. I note also that two alleged attackers have been arrested in relation to an incident involving an Indian student on a train in Melbourne on 9 May 2009,” she added.

“I can assure you that the perpetrators of recent attacks in both Sydney and Melbourne will face the full force of the law and I will be working closely with the Victorian and New South Wales State Governments to ensure every effort is made to minimize the possibility of such attacks in the future,” Gillard said.

She said that the Australian Government would be convening a round table to discuss issues affecting international students and student safety soon. (ANI)

Serverside Group granted second patent on core card customization architecture

London, May 21 (ANI/Business Wire India): Global technology provider, Serverside Group, announced that the Indian Patent Office has granted a patent directed to its core card customization architecture, thus establishing an international trend.

Since the Indian filing was part of an international strategy, the grant of the Indian patent, which follows the grant of a European Patent, not only enhances Serverside’s competitive position in India but indicates the likely outcome in other territories yet to come to grant.

As a result, Serverside is continuing to pursue its growing portfolio of international patent rights, with other major global territories soon expected to grant in its favor.

The patent grant was officially published on 26 February 2009 under Indian Patent No. 230390. The application leading to this patent defined the first of three inventions derived from the original world-wide patent family, which itself is one of a number of world-wide patent families applied for in recent years to cover the design, marketing and production of customized financial transaction cards.

Adam Elgar, President, Serverside Group, said: “Being granted the Indian patent is great news for Serverside. Clearly, we’re thrilled to be able to protect our position in India, but more broadly we’re also very encouraged because this gives an indication of the likely decision in other jurisdictions. Due to our level of innovation, we always felt it essential to invest in our IP and the decision of the Indian Patent Office to grant in our favour clearly justifies our strategy. We are now focusing our attention on the remainder of our patent applications and expect other territories to follow suit.” (ANI)