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Outcome of Board Meeting

| Updated on June 12, 2015 Published on June 12, 2015

Gradiente Infotainment Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 12, 2015, has considered and approved the following:

1. Proposal to acquire a 36 year old U.S. Based Full Service Advertising Agency located in Orange County California for US $ 2 Million. The Companys activities include Print, Digital, Web Design, SEO & Social Media. Negotiations are in advance stage.

2. The Company proposes to enter into strategic partnership with Dubai Based Advertising Agency to cater its Clients in Middle East & N.Africa. The Dubai Based Advertising Agency will invest in the company/subsidiary to the tune of AED 1 Million shortly.

3. To raise the funds from the Individuals/Institutions both in India and abroad.

4. For the above stated purposes (1, 2 and 3), the Managing Director of the Company has been authorized to take the necessary steps as may be required including holding EGM/Postal ballot, if required, for obtaining the consent of the shareholders.

Source : BSE - >www.bseindia.com

Published on June 12, 2015
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