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Zanett Signed for Record Contracts in Q2; $20.6 Million Distributed Among 50 Customers

The second quarter has been declared to be a record quarter in respect to the rate at which the contract ended.

(EMAILWIRE.COM, July 07, 2010 ) Cheyenne, WY - The last value at which Zanett Inc (Nasdaq:ZANE) traded is 2.050, up by 0.330 or 19.19%. The stock traded on the volume of 1,338,416 shares. The opening price has been at 2.200. The daily high and low marked at 2.380 and 1.980 respectively. There had been a series of good news to be announce d by Zanett. The second quarter has been declared to be a record quarter in respect to the rate at which the contract ended. The business closed at a point over $20.6 million during the period ranging between April 1, 2010 and June 30, 2010. It has also been announced that over $37.7 million of new business has been signed Year-to-Date. It is been expected that the bulk of revenue will be realized within a span of next 12 months. The average volume has been 248,000 shares. The 52-week high stood at 3,740 and the low over the period of 52-weeks is at 0.210.

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