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: 858.456.4871 Fax: 858.456.4878 http://www.newscom.com/cgi-bin/prnh/20030910/VSCELOGODATASOURCE: Vsource, Inc. CONTACT: Cindy Kim of Vsource, Inc., +1-858-456-4871, or fax, +1-858-456-4878, or Web site: http://www.vsource.com/

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