Zanett, Inc. Retains Porter, LeVay & Rose, Inc. as Investor Relations Counsel

Business Wire, Sept 25, 2007

NEW YORK -- Zanett, Inc. (NasdaqCM:ZANE), a leading information technology (IT) consulting firm serving Fortune 500 corporations, mid-market companies, and highly classified government agencies involved in Homeland Defense and Homeland Security, announced today that it has retained Porter, LeVay & Rose as its investor relations and financial communications agency.

Porter, LeVay & Rose is a full-service investor relations firm based in New York City with 35 years' experience representing a variety of public and private companies and financial institutions in the US and abroad as well as substantial experience in the computer and IT field.

Claudio Guazzoni, CEO of Zanett, said, "We are pleased that Porter, LeVay & Rose will be representing Zanett to the investment community, our shareholders and the financial media. Their 35 years of investor relations experience and a specialist's knowledge of the markets attracted us to them, and we plan to tap into the firm's knowledge to help us tell our story, and thereby, achieve our financial goals. Our objectives are to raise our profile on Wall Street through a strategically targeted communications plan, build on that raised profile to begin analyst coverage, and develop a following that will invest in our future, resulting in a higher valuation for Zanett."

Michael Porter, President of Porter, LeVay & Rose, Inc., stated, "Zanett operates in two segments: Commercial Solutions and Government Solutions -- collectively these are referred to as The IT Commonwealth [TM]. The Company's growth strategy is two-fold: organic growth within existing business lines and the acquisition of new operations. Historically, organic growth has accounted for 46% and acquisitive growth for 54% of today's revenues."

He continued, "When it comes to acquisitions, Zanett implements a highly selective search methodology and expansive due diligence on all potential targets. Companies they consider for the IT Commonwealth are profitable with exceptional performance records, outstanding management teams, professional staffs, and superb client relationships. Additionally, they look for companies that strategically align with the Commonwealth's existing solutions sets and practices, to fully capitalize on cross-selling, joint-marketing and resource-sharing."

He concluded, "What sets the Zanett business model apart from others is that we are not interested in 'fixing' or 'changing' the companies they acquire. Acquired companies retain their own unique identity. That means management, culture, employee base and business practices remain largely intact. Since they are already successful before Zanett makes the acquisition, the need to re-engineer the acquisition doesn't exist. Since 2000, they have acquired several outstanding companies and have profitably grown."

About Zanett, Inc.

Zanett is an information technology company that provides customized, mission-critical IT solutions to Fortune 500 corporations, mid-market companies, and classified government agencies involved in Homeland Defense and Homeland Security. The Company operates in two segments: Government Solutions and Commercial Solutions.

The Government Solutions segment specializes in providing advanced software and satellite engineering services with domain area expertise in the realm of classified geospatial data exploitation and representation as well as IT infrastructure related to Homeland Defense and Homeland Security.

The Commercial Solutions segment provides Management Consulting services and delivers custom business solutions that integrate and implement Oracle's full suite of product offerings -- Oracle, JD Edwards, PeopleSoft, Seibel, together with associated Oracle Fusion technologies. A wide range of delivery expertise is provided to clients, including Managed Services, Business Intelligence, Web and Portal Development, and Middleware Technologies.

Zanett also provides full infrastructure and application hosting, utilizing both local resources and international resources, remote and onsite DBA support, all on a 24x7 basis.

Zanett currently employs over 232 people nationwide, is headquartered in New York City, and operates out of 9 offices (Atlanta, Boston, Cincinnati, Detroit, Indianapolis, Jacksonville, New York City, Philippines, and Denver). For more information visit http://www.zanett.com.

Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as "forward-looking statements" within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause Zanett, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Zanett currently is considering, but in reality may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.