Pennywise Solutions wins Dun & Bradstreet –Fullerton India SME Awards 2008 Mumbai, October 1, 2008: Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insight, in association with Fullerton India today announced the ‘Dun & Bradstreet –Fullerton India SME Awards 2008’ to recognize the contribution of the SMEs to the Indian economy. Pennywise Solutions was honored with the Dun &Bradstreet –Fullerton India SME Awards 2008 in the IT-ITES sector. Speaking at the awards ceremony, Mr. Anand Morzaria, CEO of Pennywise Solutions said, “We are most excited to receive this award. It signifies the importance of the SME sector and their contribution to India’s economic growth. Having won the award in the IT-ITES sector, it truly means a lot to our company as the competition was stiff and the challenge was from hundreds of other IT-ITES companies in India. We wish to thank D&B and Fullerton for recognizing the contribution of SMEs and for having identified Pennywise Solutions as the rightful winner of the award. This award is a true reflection of the world class team at PennyWise Solutions.” "Speaking at the awards, Dr. Manoj Vaish, President & CEO – India , Dun & Bradstreet said, “D&B recognises that small and medium enterprises play a pivotal role in the economic development of the country. The awards and publication were conceptualized keeping in mind the growing contribution of SMEs to the Indian economy. Our study revealed that for the sample considered, net sales for medium-sized companies grew by as much as 37% year-on-year in FY07, as compared to a 32% growth for small sized companies. However, in terms of net profit, small-sized firms turned out to be more resilient with 58% y-o-y growth as compared to 26% growth for medium-sized firms.” “The growing domestic economy and globalization have resulted into ever increasing business opportunities for SMEs, and they are expected to play a much larger role in sustaining India’s growth aspirations. We hope that Dun & Bradstreet – Fullerton India SME Awards 2008 and the accompanying publication will enhance the growth efforts of these companies by aiding them in reaching out to their current and potential customers,” he added. The publication, ‘Emerging SMEs of India 2008’ was released by Mr. Dinesh Rai, IAS, Secretary to the Government of India, Ministry of Micro, Small and Medium Enterprises. ‘Dun & Bradstreet – Fullerton India SME Awards 2008’ The award were conceptualized to recognize emerging SMEs across ten sectors viz., auto components; chemicals and petrochemicals; engineering goods; food and agro products (including horticulture and floriculture); gems and jewellery; IT and ITeS; leather and leather products; pharmaceuticals; plastics (including goods and processing); and textiles. The awards, in conjunction with the publication Emerging SMEs of India 2008, highlight the achievements of leading SMEs in their respective sectors. About Pennywise Solutions Pennywise Solutions (www.pennywisesolutions.com) is an IT Services & and internet marketing company with specialization in the areas of Web Application development and Search Technology implementation. With expertise on Microsoft Development Platforms, Java Development, Open Source LAMP Development, Search technology development, Search engine Optimization(SEO), Search engine Marketing(SEM), Online Reputation Management(ORM) & Social Media Optimization, Pennywise Solutions is India’s leading 360 degree Digital Marketing Technology Consultancy and Solutions Provider. About Dun & Bradstreet (D&B): Dun & Bradstreet ( NYSE:DNB), the world’s leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 165 years. D&B’s global commercial database contains more than 135 million business records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network – an unrivaled alliance of D&B and leading business information providers around the world – customers gain access to the world’s largest and highest quality global commercial business information database. Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects and increase revenue from new and existing customers; D&B Export Marketing Solutions to gain significant insight into overseas markets and increase sales; D&B Financial Education Solutions to facilitate professional growth and excellence among their executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented analyses of strategic economic and business developments, thereby aiding informed decision making. For details please contact: Info@pennywisesolutions.com | 
