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To: majaman1978 who wrote (3210)	3/30/1998 9:02:00 AM
From: TokyoMex	Read Replies (1) \| Respond to of 34592

SYNT,,, Time for y2k stocks.. (BSNS WIRE) Syntel Signs Three-Year Applications Management Contract Ext Syntel Signs Three-Year Applications Management Contract Extension With American Home Assurance Company, Inc. Business Editors & Computers/Electronics Writers TROY, Mich.--(BUSINESS WIRE)--March 30, 1998--Syntel, Inc. (NASDAQ:SYNT), a leading information technology (IT) services firm, announced today that it has signed a three-year contract extension with American Home Assurance Company, Inc., a member company of American International Group (AIG). AIG is the leading US-based international insurance organization, and among the largest underwriters of commercial and industrial insurance in the US. Under the terms of the contract, Syntel will provide broad applications management services to AIG member companies. Syntel, Inc. is a leading applications management, Year 2000 compliance, and professional IT consulting firm with 11 offices in North America, Europe and Asia, as well as four Global Development Centers in the US and India. Syntel provides technology services to Fortune 500 companies and government organizations in the manufacturing, transportation, retail, financial services, and telecommunications industries. To learn more about Syntel, visit the company's web site at: www.syntelinc.com. Safe Harbor Provision This news release includes forward-looking statements, including with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company's prospectus dated August 12, 1997. Factors that could cause results to differ materially from those set forth above include trends and developments in the information technology industry generally, which is subject to rapid technological change and the Company's concentration of sales in a relatively small number of large customers, as well as intense competition in the information technology industry, which the Company believes will increase. --30--tmf/clv* CONTACT: Syntel, Inc. Jonathan K. James, 248/619-3584 E-mail: jonathan_james@syntelinc.com KEYWORD: MICHIGAN INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS INSURANCE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *