Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE OF INTELLIGROUP, INC. DATED MAY 3, 2010 - INTELLIGROUP INC | exhibit99-1.htm |
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SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
|
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event
reported) May 3, 2010
Intelligroup, Inc.
| (Exact Name of Registrant as Specified in Charter) | ||||
| New Jersey | 0-20943 | 11-2880025 | ||
| (State or Other Jurisdiction | (Commission | (IRS Employer | ||
| of Incorporation) | File Number) | Identification No.) |
| 5 Independence Way, Suite 220 | ||
| Princeton, New Jersey | 08540 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
| (646) 810-7400 |
| (Registrant’s telephone number, including area code) |
|
(Former
Name or Former Address, if Changed Since Last
Report)
|
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On May 3, 2010,
Intelligroup, Inc. (“the Company”) issued a press release announcing that the
government of Saudi Arabia had approved the registration of Intelligroup Saudi
Arabia Co. Ltd., a joint venture between the Company and the Al Tamimi Group in
Saudi Arabia. The Company and the Al Tamimi Group are in the process of
finalizing the terms of their joint venture agreement. However, the Company
currently expects that the final joint venture agreement will provide for, among
other things, capital contributions of 250,000 Saudi riyals (approximately
$66,600 US dollars) from each party for a fifty-fifty ownership split, the right
on behalf of the Company to appoint the Chief Executive Officer or Managing
Director of the joint venture and profit distribution in proportion to the
equity ownership interest. The joint venture will serve as a platform for the
Company to market and sell its enterprise resource planning (ERP) centric
services, including implementation projects, upgrades of existing ERP
applications, process integration, application and infrastructure outsourcing
services and business process outsourcing services to customers in Saudi
Arabia.
This Current Report
on Form 8-K, including Exhibit 99.1, contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements typically are identified by use
of terms such as “may,” “will,” “should,” “plan,” “expect,” “anticipate,”
“estimate” and similar words, although some forward-looking statements are
expressed differently. Forward-looking statements represent the Company’s
management’s judgment regarding future events. Although the Company believes
that the expectations reflected in such forward-looking statements are
reasonable, the Company can give no assurance that such expectations will prove
to be correct. All statements other than statements of historical fact included
in this Current Report on Form 8-K are forward-looking statements. The Company
cannot guarantee the accuracy of the forward-looking statements, and you should
be aware that the Company’s actual results could differ materially from those
contained in the forward-looking statements due to a number of factors,
including the statements under “Risk Factors” contained in the Company’s reports
filed with the Securities and Exchange Commission.
Item 9.01. Financial Statements and
Exhibits.
(d)
Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release of Intelligroup, Inc. dated May 3, 2010 |
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SIGNATURES
Pursuant to the
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
| INTELLIGROUP, INC. | |
| By: | /s/ Alok Bajpai |
| Name: | Alok Bajpai |
| Title: | Treasurer and CFO |
Date: May 3,
2010
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