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Edison, N.J., (July 15, 2008) - Intelligroup, Inc. (Pink Sheets: ITIG), a leading information technology and outsourcing services provider principally focused on enterprise resource planning (ERP) and extended ERP solutions, today announced that it will hold a quarterly conference call to discuss its Q2 2008 results on Tuesday, July 29, 2008 at 10:00 a.m. EDT. Intelligroup will release its Q2 Earnings at 7:30 a.m. EDT that morning.

Conference Call Dial-In Number:
Conference Call Dial-In Number: 888-214-7577 or 415-537-1815 (international); please call at least 5 minutes in advance of the start time. A replay of the call will be available by dialing 800-633-8284 or 402-977-9140 (international) pass-code number 21388737, beginning approximately two hours after the event. The telephonic replay will be available for three days.

Live Webcast / Replay URL:
Available via www.intelligroup.com or at www.earnings.com. An archived version of the webcast will be available for 30 days.

Following a three-year period of internal focus during which Intelligroup brought in new management team from companies including SAP, Wipro & Infosys, a new sales team, restructured its business and operational strategy and achieved profitability, the Company is now embarking on a comprehensive investor outreach program to raise its visibility with institutional and retail investors. As part of the new investor relations initiative, the Company has retained New York City based investor relations firm, Jaffoni & Collins, to initiate and direct a comprehensive worldwide financial investor communications program.

Intelligroup's President and Chief Executive Officer, Vikram Gulati, commented: "We are excited that this quarter marks the start of our long-term outreach initiative to raise awareness of our Company and our growth prospects with investors. We have worked very hard the past three years to position Intelligroup as a leader in IT services, focused on the growing ERP segment. We feel the time has come for us to establish a comprehensive approach to communicating and interacting with our shareholders and investment community at large."

Intelligroup's focus is on providing ERP implementation solutions to mid-market ($500M - $5 billion in annual revenues) as well as Fortune 500 companies in the life sciences, consumer products, high tech, discrete/process manufacturing, insurance, and public sector verticals. Intelligroup's solutions are focused on SAP and Oracle implementations, Enterprise Service Oriented Architecture (ESOA) solutions, upgrades, global roll-outs, business intelligence, application and infrastructure outsourcing, E-learning, as well as HP-based testing automation and Microsoft-based collaborative solutions. Intelligroup has more than 2,400 full time employees throughout India, the US, UK, continental Europe & Japan.
 
Overview of Intelligroup’s Recent Performance:
 
2005
2006
2007
 
Q1‘07
Q1‘08
Change
Revenue
$125.3M
$125.3M
$145.1M
 
$32.7M
$38.5M
+17.6%
Gross Profit
$33.0M
$34.2M
$39.7M
 
$6.5M
$11.4M
+76.8%
Operating Income
($6.9M)
($3.3M)
$3.2M
 
$(3.1)M
$1.7M
+$4.8M
Net Income
($6.6M)
($3.7M)
$3.0M
 
$(3.4)M
$1.9M
+$5.3M
Diluted EPS
($0.19)
($0.09)
$0.07
 
$(0.08)
$0.04
+$0.12
Shares Outstanding
35.1M
40.2M
42.1M
 
42.0M
42.5M
+1.2%
               
Shareholders’ Equity
$17.9M
$26.4M
$33.4M
 
$23.3M
$35.1M
+50.6%
 
About Intelligroup, Inc.
Intelligroup is an ERP-focused enterprise applications systems integrator providing consulting, implementation, testing, application management and other IT services for global corporations. The Company possesses deep expertise and proprietary tools in industry-specific enterprise solutions and has been recognized by clients, partners including SAP and Oracle and IT industry analysts for consistently exceeding expectations. Intelligroup won the 2007 global annual Pinnacle Award from SAP, was the finalist in Oracle 2007 Titan Awards, and was recognized by NASSCOM as a Top 100 Innovator in 2007. Intelligroup's global service delivery model combines onsite teams and offshore development capabilities to deliver solutions that accelerate results, reduce costs and generate meaningful ROI for clients. Intelligroup clients include AIG, Eastman Chemical, Hershey, Hitachi, Magellan, Reckitt Benckiser, Royal Greenland, SAP and Varian Medical. For more information please visit www.intelligroup.com.

About Jaffoni & Collins
Jaffoni & Collins is a full-service Investor Relations agency exclusively focused on creating and executing investor communication programs for its clients. Since 1994, Jaffoni & Collins has been helping its clients generate tangible returns from their interactions with the investment community while navigating increasingly complex communications and disclosure requirements. The firm's company-specific programs and proven IR strategies have helped its clients build more productive investment community relationships, drive substantial valuation increases and raise well in excess of $1billion in equity capital. For more information please visit www.jcir.com.

Safe Harbor for Forwarding-looking Statements:
Certain statements contained herein, including statements regarding the development of services and markets and future demand for services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, continued uncertainty of the IT market and revenues derived from application management business, uncertainty in revenues for traditional professional services offerings, loss of one or more significant customers, reliance on large projects, concentration of revenue, unanticipated costs associated with continued litigation, ability to attract and retain professional staff, dependence on key personnel, ability to manage growth effectively, risks associated with strategic partnerships, various project-associated risks, including termination with short notice, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations and other risk factors detailed under the caption "Risk Factors" in Intelligroup's annual report on Form 10-K for the period ended December 31, 2007. Intelligroup disclaims any intention or obligation to update forward-looking statements as a result of developments occurring after the date of this press release.

Intelligroup, the Intelligroup logo and 'Creating the Intelligent Enterprise', are trade-marks of the Company. 4Sight, 4Sight Plus, PowerUp Services, HotPac Analyzer and Uptimizer are service marks of Intelligroup.

All other trademarks and company names mentioned are the property of their respective owners

For more information, please contact:

Investor Contacts
Laurel Tasso
Intelligroup, Inc.
(732) 362-2380
laurel.tasso@intelligroup.com

Norberto Aja, David Collins
Jaffoni & Collins Incorporated
212-835-8500
Itig@jcir.com
 
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