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HOV Services
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« Mar 14
Chairman's Speech (HOV Services) Year : Mar '15
Dear Shareholder,
 
 We have come a long way since our beginnings in 1989 with your support.
 We made strides in both of our investee companies after laying
 foundation for several years:
 
 * This past year, SourceHOV Holdings Inc., a company in which our
 wholly owned subsidiary in the United States, HOVS LLC holds
 investment, completed merger with BancTec Group LLC. The combined
 company is approaching  billion in revenues and is a one of the
 global leaders in financial transaction solutions and services,
 healthcare services and administration of claims. SourceHOV with direct
 sales and operations in 14 countries, provides solutions and services
 to over 3,000 customers in 55 countries.  The company with over 15,000
 dedicated employees is strategically positioned to leverage its global
 presence, multi industry solutions and services to grow in Americas,
 Europe, Asia, Pacific and Middle East and North Africa.
 
 * Our company, HOV Environment Solutions Private Limited, has been
 involved in building artificial reefs to reduce erosion of beaches
 where many communities across the world live and earn their livelihood
 from the oceans. Our company, in India has successfully completed
 building of breakwater in Cochin, Kerala and are building a
 multipurpose reef at Mirya beach, Ratnagiri, Maharashtra. The company
 specializes in using highly evolved 3D mathematical models to map the
 floor of oceans near communities living on the beaches and use
 underwater structures to shape the ocean floor with geotextile fabrics,
 sand and tubes. Such artificial reefs not only help reverse the
 devastating erosion effect having on the lives of people in these
 communities, they also enable marine life to blossom and speed up
 eventual transition of artificial reefs to natural reefs.
 
 My message will not be complete without recognizing our employees,
 their hard work and share their excitement and commitment to shape the
 future of our Company for our combined benefit.
 
 On behalf of Company''s Board of Directors, I would like to acknowledge
 and thank each and every one of our HOVS family member for their
 dedication to work, relentless efforts and support.
 
 Our sincerest thanks to each and every Shareholder for your continued
 support to management to accomplish new milestones and enhancing
 shareholders value.
 
 We look forward for the continued support of our shareholders''.
 
 Sunil Rajadhyaksha
 Chairman & Executive Director
 
 
Source : Dion Global Solutions Limited
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