With reference to the earlier announcement dated September 06, 2010 regarding MOU with Al Suwaidi Group, Prism Informatics Ltd has now informed BSE that: " Prism Informatics Ltd. and Al Suwaidi Holding Company Ltd has entered in Memorandum of Understanding (MOU) dated September 05, 2010 for purchase of 51% stake in Information Management Technologies Ltd. (IMT), IT business of Al Suwaidi Holding Company Ltd. based in Saudi Arabia."