Vsource(R) and Symphony(TM) House Announce Completion of Investment in Vsource Operating Companies

Vsource(R) and Symphony(TM) House Announce Completion of Investment in Vsource
Operating Companies 


LA JOLLA, Calif., March 1  /PRNewswire-FirstCall/ -- Vsource, Inc. (OTC Bulletin
Board: VSCE), an innovative leader in providing customized global business
process outsourcing (BPO) services to clients worldwide, and Symphony House
Berhad, an IT and corporate services company based in Malaysia, are pleased to
announce that the acquisition of a 36.9% interest in Vsource's operating
subsidiaries in Malaysia, Japan and Taiwan by Symphony House and two other
investors was completed on February 28, 2004.  Completion of the acquisition
took place after the shareholders of Symphony House unanimously voted in favor
of the transaction at an extraordinary general meeting of shareholders held on
February 28, 2004.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030910/VSCELOGO )

Symphony House acquired a 30.34% interest, and the other two investors acquired
a combined 6.58% interest.  Vsource retains a 63.08%interest in the operating
subsidiaries, and has the option to sell up to an additional 2.4% interest to
other investors.

Commenting on the successful completion of the alliance, Phil Kelly, Chairman
and CEO of Vsource, said, "We are delighted to have the resounding endorsement
of the Symphony House shareholders who support the partnership of these two
strong companies.  This is a truly unique opportunity to combine the
complementary strengths of Vsource and Symphony House to deliver superior value
to our customers."

Dato' Mohamed Azman Bin Yahya, Group Chief Executive of Symphony House, said,
"We are confident this alliance will build on the combined assets and resources
of these two companies and continue our momentum in offering our clients
superior service delivery capabilities and exceptional BPO solutions. We believe
the BPO business will grow significantly over the coming years and this alliance
will position the companies at the leading edge as key players in the BPO
business".

This announcement comes on the heels of Vsource's recent certification to the
COPC-2000(R) Standard for its outsourced technical support and customer service,
establishing Vsource as the first company in Malaysia to achieve this
certification.  This achievementunderlines Vsource's commitment to delivering
world-class BPO solutions to its regional and global clients through its
expanding Centers of Excellence.

About Vsource

Vsource, Inc., headquartered in La Jolla, Calif., provides customized business
process outsourcing (BPO) services to clients worldwide.  Under Vsource Client
Outsourcing Solutions (COS), Vsource delivers superior BPO solutions to Fortune
500 and Global 500 organizations.  Vsource COS offerings include: Human Resource
Solutions, Warranty Solutions, Sales Solutions, and Foundation Solutions(TM),
which include Customer Relationship Management (CRM), Financial Services, Travel
and Expense Claims, and Supply Chain Management (SCM).  Under Vsource Human
Capital Management (HCM) Solutions, Vsource delivers Fortune 500 reliability to
small and medium-sized businesses in the U.S.  HCM solutions include: HR
Management, Health & Welfare,

Administrative Services, and Risk Management.  For more information, log on to:
http://www.vsource.com/.

About Symphony

The Symphony Group of companies offers a wide range of IT services, solutions
and managed services to over 2,500 Malaysian and companies in the South East
Asian region.

  The Symphony Group currently comprise of:
  -- Symphony House Berhad as its parent company, which is listed on the
      MESDAQ Market of the Malaysia Securities Exchange in Malaysia;
  IT Division:
  -- Global Innovative Management Partners-ACT Sdn Bhd, Symphony Global
      Technologies Sdn Bhd, Symphony Xen Solutions Sdn Bhd, Symphony Xen
      Solutions (S'pore) Pte. Ltd. which provide complete systems
      integration, business processing outsourcing services and business
      software solutions;
  Corporate Services Division:
  -- Symphony Capital Sdn Bhd,Signet & Co. Sdn Bhd, Signet Share
      Registration Services Sdn Bhd, Malaysian Share Registration Services
      Sdn Bhd, Signet Nominee Services Sdn Bhd, Malaysian Issuing House Sdn
      Bhd and OSK-Signet Trustees Berhad provides a wide spectrum of managed

      services including corporate advisory, company secretarial, accounting

      and financial management, human resource management, share
      registration, share issuance services, nominee and trustee services.

  For more information, visit the Symphony House site:
http://www.symphony.com.my/



Forward Looking Statements: Some of the statements in this release and other
oral and written statements made by us from time to time to the public
constitute forward-looking statements. These forward-looking statements are
based on management's current expectations or beliefs and are subject to a
number of factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. These
forward-looking statements include, without limitation, statements with respect
to anticipated future operating and financial performance, introduction of
services and growth opportunities expected or anticipated to be realized by
management. Vsource disclaims any obligation to update or revise any
forward-looking statements based on the occurrence of future events, the receipt
of new information, or otherwise. Factors that could cause or contribute to such
differences include, but are not limited to reliance on one client and the
expectation that revenues from this client will decline significantly, a
potential requirement to redeem our Series 4-A convertible preferred stock if we
fail to meet certain conditions by March 31, 2006, our limited experience in the
business process outsourcing business, the new and unproven market for business
process outsourcing services in the Asia-Pacific region, long cycles for sales
of our solutions, complexities involved in implementing and integrating our
services, fluctuations in revenues and operating results, economic and
infrastructure disruptions, dependence on a small number of vendors and service
providers, litigation, and competition. Other factors that may affect these
statements are identified in our previous filings with the Securities and
Exchange Commission. Vsource is a registered trademark of Vsource, Inc. Vsource
Foundation Solutions is a trademark of Vsource, Inc. Fortune, Fortune 500 and
Global 500 are registered trademarks of TimeInc. Vsource disclaims any
proprietary interest in the marks and names of others.

   Media Relations Contact:
   Cindy Kim
   Tel: [phone]
   Fax: [phone]
   

http://www.newscom.com/cgi-bin/prnh/20030910/VSCELOGODATASOURCE: Vsource, Inc.



CONTACT:  Cindy Kim of Vsource, Inc., [phone], or fax,

[phone], or  



Web site:  http://www.vsource.com/ 

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