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Indo American News • Friday, March 19 , 2010

online edition: www.indoamerican-news.com

Friday, March 19 , 2010

world markets

www.indoamerican-news.com

Business IndoAmerican News

STOCKS • FINANCE • SOUTH ASIAN MARKETS • TECHNOLOGY

Wednesday, March 17, 2010 dow jones

10733.67 • +47.69 • +0.45%

nasdaq

2389.09 • +11.08 • +0.47%

bombay sensex

17490.08 • +106.90 • +0.61%

colombo asi

3768.29 • -17.21 • -0.45%

dhaka GI

5460.75 • +122.61 • +2.29%

Karachi 100

9989.80 • -27.91 • -0.28%

nepal NEPSE

477.62 • -2.87 • -0.60%

Gold $1121.75

Ind. rupee

Silver $17.54

Pak. rupee

per oz.

per oz.

Platinum

$1636.00 per oz.

25

45.37

84.15

69.12

taka

114.11

S.L rupee

Brent $81.08 Spot +1.29% Spot Bid Prices Bloomberg.com

72.60

Nepal rupee

Revolutionizing the Wireless World 15,000 products and project to double their with their new product and the resulting Moftware Tech is the wholesale and disBy Jacob David savings in the process, the word of mouth inventory by 2012. They are planning to tributions division focusing on selling to HOUSTON: Pinakin Dinesh and Pallavi Resellers and Retailers. Their Dinesh are both creative and think on your expand their warehouse to 50,000 sq.ft gets them more business. It is a win-win purchasing power with feet type, true blood entrepreneurs, set to from the current 15,000 sq.ft they have. situation every which way you see it. Fommy has been approached by major brand name take the digital communications supply and Fommy.com has not done major advertismega online and retail stores ing. They have instead been very shrewd in manufacturers has distributions industry by storm. They’ve increased expobeen working hard on establishing Fommy. strategy - focusing more on reaching their like Walmart, Amazon, nentially over the com since 2001 when intense planning customers through social networks - like Best Buy, Tiger Diyears. The manustarted for their storefront web site. The You Tube, Face book, Twitter and Linked rect to increase their own In, among others. They have optimized facturers give web site launched in 2003. Today they see of Fommy the lowest more than 300,000 visitors online every their SEO search ability ratings. “We are share rates possible to help month. It is by sheer planning resellers and stores stay in and strategy that they have come business. this far. Fommy.com is a web Amzer is Fommy’s own brand, site focused on delivering quality their manufacturing division. Like all mobile telecommunication desuccessful businesses do, “diversify”. vices and accessories to the end Pinakin believes strongly in this. While he consumer. There are also re-sellthe cell phone has his hands full with managing Fommy, er opportunities to buy wholesale market earnings. he has launched the Amzer, eco-friendly and sell retail for a profit. Fommy has been universal solar charger that can charge Moftware is the parent comvery selective and cell phones, digital cameras, MP3 players, pany - focused on establishing prudent in forming game consoles, and anything that can be the software to run its four divibusiness partner- charged using an USB plug in device. The sions - Fommy, Moftware Tech, ships with each of Solar Cell device charger is given a strong Amzer and Cosmo Satellite, all these companies product recommendation by Michael Garhaving web sites after its own mainly because field - The High Tech Texan on You Tube. name. Moftware Tech is a single they want to focus The solar cell charging device by Amzer is software patented and intellecon establishing invention patented, sold in seven countries tual proprietary rights are held by direct customer - includes North America, Europe, United Dinesh Pinakin, CEO, who is also r e l a t i o n s h i p s . Kingdom, India and other parts of Asia. an MBA graduate from Leeds, “The service as- Amzer also makes car chargers, attractive UK. He specialized in Software pect is just lost phone skins, audio video cables, product Solutions Applications and Serwhen you allow charger cradles, batteries and other prodvices (SAP), Management InPinakin Dinesh, CEO, and Pallavi Dinesh, COO, Fommy.com, stand in a third party to ucts. formation Systems, with special Cosmo Satellite provides internet and emphasis on Enterprise Resource their warehouse showcasing their AMZER universal solar cell charger, deal with your Planning. An alumnus of ATT, he their latest product that is eco-friendly and helps charge any electronic products, you are satellite television products and services. not able to deliver Pinakin is ready to launch his next branch has gained the experience to run gadget with an USB outlet. the services part e-commerce TV linking it up with the interhis business efficiently. of the purchase to net. This is already becoming the trend of Fommy.com is already the king of all web never satisfied with our current status. We your consumer directly.” Pinakin Dinesh, today. But Pinakin wants to do something are constantly analyzing how we can do sites for the cellphone industry. Now you CEO maintains. better, how we can deliver better customer don’t have to drive around town searchcontinued on page 27 ing for a brick and mortar store for buying solutions. That is our your cell phone or an accessory. They have 2010 goal. Ultimately everything online down to the last detail. what matters is a happy Most new products entering the cell phone consumer. The modern day consumer is very smart. They know the prices of all the gadgets out there. So there is no INDIVIDUAL & point of sellGROUP ing them the TERM & product on a WHOLE LIFE higher price. We save our DENTAL consumDISABILITY ers time and money when LONG TERM CARE they shop market are inspected and reviewed by their with us.” Pallavi Dinesh staff. Their Moftware software enables emphatically points out. them to see the popularity of the products She has majored with a Sam Merchant being purchased by their customers online. Masters in AnthropolAccordingly they either order more of that ogy from Washington Reliance Business Solutions 3300 S.Gessner Rd, Ste 176, Houston, TX-77063 item or discontinue the product or if it is D.C. When the customwww.gorelianceusa.com going out of use. Currently they carry about ers they serve are happy INDO AMERICAN NEWS • FRIDAY, MARCH 19 , 2010 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM


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