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Rediff.com India Limited (Ticker: REDF, Market: NASDAQ-SCM)
Press Release - Feb 27, 2009
Rediff.com announces maps functionality for LocalAds in 64 Indian cities
Supports location based services
MUMBAI, India - February 27, 2009: Rediff.com India Limited (NASDAQ: REDF), India's leading online portal, today announced the addition of maps feature to LocalAds, a service for small and local advertisers.
Advertisers can use the visually intuitive maps to pinpoint their exact location within a locality. This enables users to effortlessly locate advertisers. The maps feature, in beta, is accessible from the web and currently covers 64 cities and towns in India. The feature is powered by Rediff's own maps service. The Rediff Local ads service is available at http://localads.rediff.com
Safe Harbor
Except for historical information and discussions contained herein, statements included in this release may constitute “forward-looking statements.” These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to the slowdown in the economies worldwide and in the sectors in which our clients are based, the slowdown in the Internet and IT sectors world-wide, competition, success of our past and future acquisitions, attracting, recruiting and retaining highly skilled employees, technology, legal and regulatory policies, managing risks associated with customer products, the wide spread acceptance of the Internet as well as other risks detailed in the reports filed by Rediff.com India Limited with the U.S. Securities and Exchange Commission. Rediff.com India Limited and its subsidiaries may, from time to time, make additional written and oral forward looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. Rediff.com India Limited does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
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