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Press Release
Parasmoney Investment Management Services Receives Intel Capital Investment

BANGALORE, India -- Dec 12, 2000 -- Parasmoney Investment Management Services Pvt Ltd, a personal financial consultancy, today announced that it has received investment from Intel Capital. The funds will be used to construct an online component to Parasmoney�s existing bricks-and-mortar consultancy business, bringing the Internet�s convenience and breadth of financial information to retail investors in India.

"Intel Capital�s investment in Parasmoney will help allow us to provide our customers with a comprehensive Internet service they can use to manage their finances online wherever or whenever is convenient to them," said Gurinder Singh, Chief Executive Officer, Parasmoney Investment Management Services Pvt Ltd.

"Consulting companies, such as Parasmoney, can help find new uses for the Internet and help grow the Internet economy," said Avtar Saini, Director, South Asia, Intel Asia Pacific. "Allowing individuals to manage their finances online - from investments to taxes - demonstrates the Internet�s potential to bring convenience, control, speed and cost-savings to every aspect of daily life."

About Parasmoney
Parasmoney is a one-stop shop for personal financial services founded in 1999 by a team of chartered accountants led by Gurinder Singh, a senior finance professional with 13 years� experience in corporate finance. The company offers unbiased financial advice online and offline. For more information about Parasmoney�s financial consultation services, visit its World Wide Web site at

About Intel Capital
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy, including Internet infrastructure, content and services in support of Intel's strategic interests. In Europe Intel Capital invests through Intel Atlantic Inc., a subsidiary of Intel Corporation.

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