UBICS Inc: Key Developments

UBICS, Inc. Announces Sale Of Aircraft
August 2, 2007
UBICS, Inc. announced that it has sold its Boeing 727 Aircraft to United Breweries Holdings, Ltd. for a purchase price of $4 million.
UBICS, Inc. Announces Appointment Of President
July 24, 2007
UBICS, Inc. announced that it has appointed Mr. Sunil Patil as President of the Company, to lead the global operations of UBICS. Mr. Patil was earlier heading the Solutions Division as President -- Global Solutions.
UBICS, Inc. Wins Application Outsourcing Contract
March 30, 2007
UBICS, Inc. announced that it has entered into agreement with MediSend International, a global supplier of humanitarian medical aid, supplies, equipment and educational services, to provide outsourced applications development services. The outsourcing agreement is designed to allow MediSend International to focus on developing IT services that deliver international aid and educational services at lower costs and in a fraction of the time by leveraging UBICS skilled and experienced project managers and application developers. Under the agreement, UBICS will provide application development, quality and assurance and other components of the MediSend International product suite life cycle.
UBICS, Inc. Files to Deregister Its Common Stock with the Securities and Exchange Commission
April 10, 2003
UBICS, Inc. announced that it has filed a Form 15 with the Securities and Exchange Commission to terminate registration of its common stock under the Securities Exchange Act of 1934, as amended. The deregistration is expected to become effective within 90 days of filing.
UBICS, Inc. to be Delisted from Nasdaq SmallCap Market; Company's Shares of Common Stock to be Listed on the Over The Counter Bulletin Board
April 1, 2003
UBICS, Inc. announced the receipt of a letter from the Nasdaq Listing Qualifications Panel that, based on the Company's failure to comply with the minimum bid price requirement for continued listing on the Nasdaq SmallCap Market, as specified in Nasdaq Marketplace Rule 4310(c)(4), its shares of common stock will be delisted. The Company's shares of common stock will commence trading on the Over The Counter Bulletin Board.
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