News May 16, 2007
R Systems Announces its Board Meeting to inter alia consider the following
Noida, May 16, 2007: The meeting of the Board of Directors of R
Systems International Limited is scheduled to be held on Wednesday, May 23, 2007 at the
Corporate Office of the Company at C – 40, Sector – 59, Noida to inter alia consider the
following:-
- To consider, discuss and approve the repayment of the outstanding amount of
external commercial borrowings of USD 340,000. The said amount was obtained from our
wholly owned subsidiary company R Systems (Singapore) Pte. Ltd as external commercial
borrowings during July 2003 to October 2003.
- To consider, discuss and approve an investment on the conversion of warrants held
by R Systems International Limited in VantageMed Corporation or surrender of rights
under the said warrants for consideration.
For further information please contact:
Nand Sardana (Tel No. 0120 - 430 3506)