The US-Based Technology Infrastructure Consortium is Formed to Address ICT Infrastructure Projects in Middle East, North Africa, East Europe and Eurasia

Washington, DC ¡V November 26, 2007 ¡V The InnoVest Group a Virginia based technology and infrastructure development and consulting company has announced development of a technology infrastructure consortium comprised of software, hardware, outsourcing and systems integration companies from US, Canada, UK, China and India. These companies are the amongst the technology companies with the following capabilities:

„X Systems Integration
„X Business Process Outsourcing
„X Custom Application Development
„X Enterprise Application Services
„X Enterprise Transformation Services
„X ICT Infrastructure Implementation & Management
„X E-Government
„X Health IT
„X Business Intelligence & Data Warehousing
„X Enterprise Storage Solutions
„X Consulting & Enterprise Solutions
„X ERP
„X Oracle
„X PeopleSoft
„X SAP
„X Integrated Engineering Solutions
„X Hi-Tech Solutions
„X Product Lifecycle Management
„X Geographical Information Systems
„X Quality Assurance / Quality Control (QA/QC)
„X Supply Chain Management
„X Engineering and R&D Services

„X The technology infrastructure consortium is active in the following industry sectors:

„X Aerospace
„X Automotive
„X Financial Services
„X Government
„X Healthcare
„X Media & Entertainment
„X Pharmaceutical
„X Public Sector
„X Retail & Consumer
„X Telecommunications
„X Transportation

The consortium is headquartered in New York with office in Jebel Ali Technology Park located in Dubai, UAE. Other branch offices are planned for Cairo - Egypt, Almaty ¡V Kazakhstan and London ¡V England.

InnoVest has signed three (3) Memorandum of Understanding and partnership agreements to jointly pursue and implement ICT infrastructure projects for the public and private sectors in Morocco, Egypt, Saudi Arabia, Libya, Oman, Yemen, Kuwait, UAE, Hungary, and Eurasia.

The economic development of the respective countries is advising the consortium project development efforts.

The companies expect potential market opportunities worth more than US$3.7 Billion in the near term.

For more information, please contact David Dastvar, managing partner, InnoVest Group at 1+703-250-0399, hd@theinnovestgroup.cpm, www.theinnovestgroup.com.

InnoVest is a Management Consulting and Business Development firm. We have Information and Communications Technology (ICT) expertise, Business Development capability and access to IT markets and business opportunities. We provide:

„X Management Consulting
„X International Business Development
„X Technology Joint Venture
„X E-government
„X Capacity Building
„X Infrastructure Analysis and Development
„X Project Feasibility Study
„X Incubator Development, Management and Co-Investment
„X Entrepreneur Center Development
„X TechnoParks Assessment & Co-investment