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Fast-Track to Modernization for System i/iSeries Applications through System i Modernization solution developed by UST and Relativity Technologies.

California, Oct 3, 2006 - UST Resources Inc. (USTRI), a leading provider of IT Services & Business Process Outsourcing solutions to Fortune 500 clients, and Relativity Technologies, Inc., the leading provider of Enterprise Application Modernization solutions, today announced the release of the jointly developed System i Modernization solution.

The System i platform, formerly known as AS/400 and iSeries, is recognized for its stability and power. Yet as applications built on the platform age, they tend to become more complex and less adaptable to emerging business needs. UST's proven methodologies and expertise combined with Relativity Technologies' automated understanding and modernization of RPG and System i Cobol applications addresses these challenges -- increasing the efficiency and flexibility of clients' System i-based applications.

NASSCOM interviews Dan 
The acquisition of QA Labs by UST has made waves in the software services space. NASSCOM recently profiled Dan Gupta, Chairman and CEO of UST. 
 
Dan joined UST in 2002, following over 40 years with IBM where his executive experiences include responsibilities for operations, offshore software development, new Business Development and Marketing. He has over 30 years of experiences in the IT industry, having held executive positions in the U.S., Japan, Hong Kong, Singapore, and India. Dan's tremendous experience and keen focus on values and culture in the company are one of the key drivers in UST's growth. Click here for more details.

UST acquires QA Labs, a leading IT Services provider based in Canada 
Expands Solutions Expertise & Global Footprint  
 
Aliso Viejo, California, July 11, 2006 - UST Resources Inc (USTRI), a leading provider of IT Services & Business Process Outsourcing Solutions to Fortune 500 clients, today announced its acquisition of QA Labs Inc (QAL), the largest independent software testing and quality assurance provider in Canada. Terms of the deal were not disclosed.

Founded in 1999, and based out of Vancouver, Canada - QA Labs has built up an enviable reputation of serving marquee clients in Telecom & Wireless, Life Sciences & Healthcare, Insurance & Financial Services, Media & Games and Packaged Software. The firm designed its services to assist clients to build its own testing infrastructure, create test strategies, design test cases, custom test automation and development, and test execution. In May 2006, QA Labs was recognized among the Global Outsourcing 100 by the International Association of Outsourcing Professionals.

QA Labs will expand UST's "World Class" Quality Assurance and Test services to Fortune 500 clients. Through this acquisition, UST also expands it global footprint and ability to offer its comprehensive range of IT services through an Integrated Global Delivery Model which includes Onsite, Onshore, Nearshore & Offshore locations to its marquee clients. UST's Global Development Centers include (but not restricted to) multiple cities in US, Canada, India & Malaysia.

"The acquisition of QA Labs is a direct response to our clients who seek dedicated Quality Assurance and Test Services as provided by an industry leader" says Dan Gupta, Chairman and CEO of UST. "Furthermore, this addition provides US Technology with the nucleus upon which to enhance our portfolio of core competencies in the rapidly growing Quality and Test field as we expand our North American footprint."

"The acquisition of QA Labs is a part of our strategy to meet the increasingly specialized needs of our global client base through acquisition and robust organic growth," says Sajan Pillai, President and Chief Operating Officer of UST. "This acquisition demonstrates our commitment to product quality and rapid and strategic growth, as we provide a stimulating and challenging environment for our talented team of IT professionals from both QA Labs and UST".

"QA Labs is delighted to join the UST team" says Wolfgang Strigel, Founder and President of QA Labs. "The obvious synergies between our firms are compelling, and the clear winners in this agreement are our collective clients and dedicated employees."

For more information on QA Labs, kindly visit www.qalabs.com

UST launches 'Green Day!' a unique initiative to commemorate World Environment Day.  
 
Trivandrum, India, June 5, 2006 - In a first of its kind initiative, UST, has embarked on an ambitious eco-initiative called 'Green Day!'. On June 5th 2006, UST joined with the Forest Department of the Kerala Government to plant 2006 saplings in the state. Arun Narayanan, Head, Global Delivery presented the Corporate Letter of Support to the Additional Principal Chief Conservator of Forests. The letter was handed over in the presence of the Minister for Forest, Mr. Binoy Viswam during a ceremony to mark World Environment Day at the Forest Department Office, Vazhuthacad, Trivandrum.  
 
 
UST signs land lease agreement for 36 acres in Technopark Campus Phase II.  
 
Trivandrum, India, February 25, 2006 - UST today announced that it has expanded its presence in Kerala, with the Government of Kerala allotting 36 acres of land to the company in Technopark Campus Phase II, Thiruvananthapuram.

The agreement was signed in the presence of Honorable Chief Minister of Kerala, Oommen Chandy, P.H Kurian, IT Secretary, Government of Kerala, V J Jayakumar Chief Executive Officer (in-charge), Technopark and Murali Gopalan (Head - Europe Operations), UST International. Sajan Pillai President and Chief Operating Officer, and G.S. Krishnamoorthy (Head - India Operations) represented UST.

UST centers across India successfully completes BS 7799 audits.  
 
Our development centers at Trivandrum and Chennai have been certified under the BS7799 Part 2:2002 standard.The effective date of certification is 28, September 2005 and is valid for 3 years.

BS 7799 is a standard, setting out the requirements for an Information Security Management System. It helps identify, manage and minimize the range of threats to which information is regularly subjected.  
 
 
US Software Pvt Ltd changes name to UST International Pvt Ltd.  
 
Name change establishes global brand for growing Software Services Company.

Trivandrum, India, May 04, 2005 - US Software Pvt Ltd, the largest software services company based in Kerala, announced that it is changing its name to UST International Pvt Ltd.

The name change reflects UST's unified vision as a cohesive organization with expanding global reach, said Sajan Pillai, Chief Operating Officer of UST Resources LLC.

"Unifying our companies under the UST brand provides us with a common platform from which to continue our expansion in the United States, India, Malaysia and other parts of the world," Pillai said. "It also establishes the company as a vendor of services & solutions in both IT and business process outsourcing rather than just software services." US Software is a subsidiary of California-based US Technology Resources LLC, which was recently assessed globally by KPMG at CMMi Level 5 and PCMM Level 5. It is a leader in providing very high quality software engineering services to Fortune 500 clients around the world.

Over the past five years, UST has grown into the largest software services company in Kerala based on sales turnover metrics and staff size. It also has opened development centers in Chennai and Malaysia. 

UST's Chennai center inauguration by Kiran Karnik, President, NASSCOM.  
 
Chennai, India, May 02, 2005 - UST, a California - based information technology and BPO services provider, today inaugurated its second India development center. Mr. Kiran Karnik, President, NASSCOMM opened the facilities at RR Towers III, TVK industrial Estate, Chennai,

The new, state-of-the-art facility, which is spread across more than 20,000 square feet and will serve as the company's delivery hub for BPO, ERP and managed IT services operations. The company expects to employ more than 250 associates at this facility by year end, a company spokesperson said.

"This center is in perfect alignment with the company's aggressive growth plans for this year" said Mr. G.S. Krishnamoorthy, Head - India Operations.

This expansion into the new Chennai center has been necessitated by UST's high rate of growth in recent years, said Sajan Pillai, the company's Chief Operating Officer. Pillai noted that UST recently opened a new development center in Malaysia and also said that the company may be opening additional centers in India in the coming months.

UST now has maximum number of associates in their flagship development center in Technopark Trivandrum. Rated by industry experts as one of the fastest growing CMMI and PCMM companies globally, UST uses a "hybrid" global sourcing that combines "Big Five" consulting experience with delivery model of high value from offshore development.

UST has significant multi-year maintenance contracts with key Fortune 500 companies and recently announced a $27-million (US) contract with one of the largest retail grocery chains in North America.  
 
 
UST inaugurates new facility.  
 
Trivandrum, India, April 20, 2005 - US Software Pvt Ltd, a subsidiary of UST, California, the leading software services company based in Technopark, Trivandrum, inaugurated their new state of art facility on the east side of the ground floor of the Bhavani Building, Technopark , Trivandrum . This new facility can accommodate more than 250 engineers. This is one more step closer to their goal of "10,000 employees within the next few years" materializing into reality.

Recently UST opened its development centers in Chennai and Malaysia.

US Software, assessed for its global operations by KPMG at CMMi level5 and PCMM level5, is a leader in providing very high quality software engineering services to fortune 500 Clients around the world.

US Software has become the largest software company (Sales turnover and number of people ) in Kerala in a short span of 5 years.

UST opens Malaysian Office.  
 
Trivandrum, India, March 17, 2005 - UST Resources LLC, a leading global IT software services company with its head office in California, USA announced the opening of its subsidiary, UST Resources (M) SDN. BHD in Kuala Lumpur, Malaysia. UST, a leading provider of IT services to Fortune 500 companies, is the parent company of US Software Pvt Ltd, based in Technopark, Trivandrum .

The Malaysian subsidiary of UST will focus on providing IT related services to its clients in the South East Asia Region and will bring its world wide expertise to the region.

UST, assessed by KPMG at CMMi Level 5 and PCMM Level 5 for its global operations, is a leader in providing very high quality software engineering services to leading Fortune 500 clients.

Its subsidiary US Software Pvt Ltd has become the largest software company in Kerala in a very short period of time.  
 
 
UST certified as PCMM Level 5.  
 
Trivandrum, India, October 05, 2004 - The People Capability Maturity Model is a framework that helps organizations successfully address their critical people issues. P-CMM describes the practices that constitute each of its maturity levels and information on how to apply it in guiding organizational improvements. The People CMM helps organizations characterize the maturity of their workforce practices, establish a program of continuous workforce development, set priorities for improvement actions, integrate workforce development with process improvement, and establish a culture of excellence.

At UST, PCMM initiative was focused on developing competency, motivating and managing performance, building work culture and shaping workforce with People Engineering Process Group (PEPG) in the lead. UST was appraised PCMM Level 5 in Oct 2004.  

 
UST acquires eBuilt to expand growing IT Business offerings.  
 
Aliso Viejo, California, February 3, 2004 - UST Resources LLC, a leading provider of information technology services to Fortune 500 companies, today announced the acquisition of eBuilt Inc., a Southern California company which designs and builds enterprise applications for entertainment, media, financial services and other industries. Terms of the deal were not disclosed.

Founded in 1999 and located in Costa Mesa, Calif., eBuilt provides custom development and integration services for Fortune 500 clients, building reliable, robust, and scalable mission-critical business applications.

eBuilt boasts an impressive client list and is considered one of Southern California's leading information technology companies. Earlier this year, it was recognized as a Rising Star by Deloitte & Touche in its annual Technology Fast 50 program for Orange County.

"eBuilt has core strengths in software and system architecture, which made it an excellent match with UST's growing business offerings," said Dan Gupta, Chairman and Chief Executive Officer of UST. "UST's hybrid model utilizes high-end, US-based architects, project managers and business analysts. The acquisition of eBuilt provides UST with additional bandwidth to expand our client base as well as increase business with existing clients."

"We have seen explosive growth of our business and greater acceptance of our unique hybrid global sourcing and delivery model in the marketplace," Gupta added. "The acquisition of eBuilt will further help us expand our service offerings and leverage eBuilt's deep architectural and business analysis skills for our existing and new clients."

"eBuilt and all of its employees are very excited to be joining a dynamic and client-centric company like UST," said Mike Dewey, Chief Executive Officer of eBuilt. "We look forward to leveraging UST's broad range of services to enhance the offerings to our existing clients, and to use our experience to achieve accelerated growth for UST's clients."