“To our valued customers, vendors and friends:

Recently it was reported that Zenith Infotech defaulted in its payment obligations to certain foreign-currency convertible bond holders. Although factually correct, the news coverage did not provide an accurate picture of the company’s business and financial stability.

Let me be clear: Zenith Infotech is financially solvent, strong and stable.  Our customer base for BDRs, MirrorCloud and SmartStyle continues to grow tremendously.

Zenith Infotech provides state-of-the-art business continuity and private cloud services to customers worldwide, and will continue to do so into the future.  Our employees are among the best in the industry, and our technology and innovation is both envied and unmatched.

We are actively discussing our debt obligations with our bond holders.  We are optimistic that the process will result in financial terms that are acceptable to everyone.  Our ongoing operations are not affected by this.

We are committed to continuing to serve your needs.

Kind regards,

Akash Saraf
CEO”