Compact Disc India Ltd The compnay has informed that Celluloid Dreams Pvt Ltd., has outsourced a major animation pre-production development work from RedOctane Inc., San Jose, USA for a full length English feature film "Life After Death". The assignment includes preparation of the script, character design, storyboard development and layout development. Mr. Singeetham Srinivas Rao, a renowned director who has to his credit more than 65 films, including Pushpak, Appu Raja, Mumbai Express, Mayuri etc. and 3D animation films, Son of Alladin and Little Jhon has been appointed as Indian Director. Eminent writer Mr. Kamlesh Pandey has been engaged as Story, Screenplay and Dialogue Writer for the film. Mr. Kamlesh Pandey has earlier written number of block buster films such as Tezaab, Saudagar, Dil, Beta, Chaalbaz, Ran De Basanti etc. With access to very good talent coupled with operational efficiencies and significant cost savings, the business of outsourcing animation projects for various development stages will increase in India in coming years. Celluloid Dreams Pvt Ltd has recently completed India's first full length feature film, Friends Foreover in which a 3D animated character, Zampamo has played a very significant role along with the live character. Ashmit Patel, Hrishitaa Bhatt, Sweta Konnur, Zarina Wahab, Tinnu Anand etc. are the lead stars of this films. The promo of this film was recently screened at FICCI Frames 2006 held at Mumbai. Celluloid Dreams Pvt Ltd is an associate Company of the Company.

Compact Disk India Ltd. The company has announced that the Company is setting-up a State-of-the-Art Multimedia Knowledge Park in Northern region, which would be the first of its kind in India. The cost of the Multimedia Knowledge Park would be US$ 110 million. The total area of the plot proposed to be developed is 10 acres i.e 40,000 sq. mtrs. in an area considered to be suitable for IT industries. It is proposed to have four identical multi-storied Business Towers each having 200,000 sq.ft. of covered area. The Park Complex will include construction of a futuristic convention cum exhibition centre complete with all modern facilities. The Park with a capital outlay of Rs 5000 million will provide employment to 15,000 persons directly besides many more indirectly. For this purpose, the Company has held discussions with a number of Investors and international organizations who are willing to invest in Multimedia Knowledge Park to be located in Northern India, whereby they can cater to the needs all over the world as well as other neighboring states. The Company has also discussed feasibility of various locations with a well-known international marketing consultant, who would be able to sell / lease such space. It has also been decided to locate the Company's own state-of-the-art facility for the development and creation of 2D / 3D Animation, Multimedia & special Effects contents for films, television serials, corporate presentations, gaming, mobiles, etc. in this knowledge park. The Company's studio will feature latest animation production equipments such as Workstations from renowned manufacturers like SGI, Compaq etc and Software from leaders in solution providers like Alias / Wavefront, Discreet logic, Autodesk, Cambridge Animation, Avid, Kodak and several other proprietary software systems. It will offer facilities for designing, color modeling, key background, key layouts, cleanup, in-betweens, compositing, editing, digital ink and paint, 3D modeling, simulation, creation, character animation, etc. This Multimedia Knowledge Park would be made available to organizations globally for the establishment of thrust sector Industries especially in the field of Information Technology (Software & Hardware), Data Processing, Multimedia Production, Digital Entertainments, Electronics, Telecommunications, Computer Robotics and allied business. The built-up-areas would be marketed globally and sold / leased to various organizations. Once the project is complete, built-up-areas would be handed over to the various buyers. The Company will arrange to maintain and manage the facilities, when completed, the Park would have facilities with the state-of-the-art technologies. The Company will endeavor to ensure that MNC's and other end users occupying the premises feel comfortable while operating out of the Park. It is also proposed to provide for state-of-the-art high-end Multimedia Institute which will be Authorised Education Centre for leading animation software's and multimedia development giants like Alias / Wavefront, Autodesk Inc Studio Max, etc. The Institute will offer a wide variety of certified educational courses catering to the need of both new entrant and working professional who are keen to develop specific skills for career advancement besides acting as the finishing school for those passing out from other institutions covering low end courses.

Compact Disc India Ltd has announced that the Company will co-produce 90 minutes, 3D Animation, family-oriented feature film, GoaaaaaL with Motion Pixel Corporation (MPC) a leading Los Angles based Hollywood production Company. Unlike many studios, which gamble on creating their own characters, GoaaaaaL is using real life sports heroes and celebrities and simply creating the cartoon version of them. This means characters that millions love and will come to watch whether its under dog sports teams winning the World Cup. The animated sector has seen massive hits such as Shrek, Finding Nemo Monsters, Toy Story etc. to name a few. None of them focus on SOCCER / FOOTBALL, which is the most watched and most popular sport in the world, leading to huge worldwide revenue potential based on the wide range of multi-cultural interests, audience acceptance and appeal to its both kids and adults. The film is also expected to achieve huge revenues to do solid numbers in the merchandising of dolls, soccor balls, t-shirts and kids energy drinks etc. connected to its release. GoaaaaaL will feature Academy Award winning actor Ben Kingsley as the lead voice over artist. Other top international artists such as Catherine Zeta Jones, Michael Douglas, Marisa Tomel, Christina Aquilera, Josh Duhamel, Samuel L Jackson are also likely to lend their voices for the film. Besides these artists, GoaaaaaL has signed all-time Mega-Star Of football-Ronaldo. The Company will do the complete animation production and post production work related to the film in their studio at Chennai in India. GoaaaaaL written by M. Guerrier with an estimated budget of US$20.15 million, is slated to be released during the first half of 2009.

Compact Disk India Ltd. The company has announced that the Company has floated spv Laser Infomedia Ltd, 100% owned subsidiary of the Company to implement Multimedia Knowledge Park at Dehradun for which 12 acres land has been allotted by the Uttranchal Government. The proposed Knowledge Park will consists of ready to move built-up spaces, shopping plaza, apartment suites, residential apartments, multi level parking besides a state-of-the-art animation studio and an international repute educational institute. The Knowledge Park with a total covered area of 8,45,000 sq. ft will be completed in 24 months time. The construction work at the site will commence in January, 2006. Jurong Consultants (India) Pvt Ltd, a member of JTC Corporation, Singapore has been appointed as Project Managers for this Multimedia Knowledge Park with over 30 years of experience, Jurong has successfully completed hundreds of projects in more than 100 cities of 27 different countries worldwide including raw prestigious projects in India such as Mumbai integrated SEZ, Mahindra Industrial Park, Chennai, IT Corridor, Bangalore, I-Labs, Hyderabad, International Tech Park, Bangalore, Pharma City, Visakhapatnam, K Raneja I.T. Park, Pune etc. Jurong jointly with the Company has already given presentation of the project to the Uttaranchal Government on November 30, 2005 at Dehradun. The Company has already received five proposals from various potential Investors for this project.

Compact Disk India Ltd. The company has informed that the company has formed an independent film production division called Celluloid Dreams. All movies produced under Celluloid Dreams will be based on unusual and human-interest subject.Company is also currently developing a 270 minutes, 6 episodes television series titled Life After Death, based on a man`s journey into a world after death.Company has floated a wholly owned subsidiary viz Laser Infomedia Ltd (LIL), to become its media marketing and distribution arm. LIL will exploit all cross-promotional opportunities in in-film brand placements, merchandising and licensing. Depending on the films theme and target market, the Company will endeavor to arrange third party promotions. LIL will provide an entire gamut of services such as marketing strategies, in film placements, visual merchandising, tie-ins, creative campaign, ground promotions, contests etc. LIL is also setting-up a film distribution network across India and will market and distribute Indian and foreign films in the Indian territories.