The most promising Private Technology Ventures Celebrated at Event in Hong Kong, China.

San Francisco, CA 29 August 2007 – Red Herring Magazine announced today that INFOVALLEY Group of Companies has been officially selected as a winner of the prestigious Red Herring 100 Asia 2007 awards. The news was announced at a gala dinner during the Red Herring 100 Asia event in Hong Kong, China, from August 29^th to 31^st.

Winners were selected from a pool of more than 500 applicants based in 16 countries/regions including China, India, Japan Singapore, Korea, Australia and Vietnam. The Red Herring editorial team carefully selected the winning companies based on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy and integration into their ecosystem. The 100 winners are based in 16 countries/regions including China, India, Japan, Singapore, Korea, Australia and Vietnam.

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Red Herring is a global media company uniting the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major event for technology leaders around the globe. Red Herring provides and insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.