Press Release

Saora Inc. Named as "Red Herring 100 Asia" Award Winner for 2007

Released on Aug. 29, 2007

The 100 Most-Promising Private Technology Ventures Celebrated at Event in Hong Kong, China

San Francisco, CA, August 29, 2007 -Red Herring Magazine announced today that Saora Inc. 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, happening from August 29 to 31.

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 names of the 200 companies short-listed as finalists for the Red Herring 100 Asia 2007 along with the 100 announced winners can be found online at http://www.herringevents.com/asia07/index.html

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.

"We are really excited to be selected as Red Herring 100 Asia Finalist and look forward to being at Red Herring 100 Asia 2007 celebrations." said Prem Anand, Co-Founder & President, Engineering of Saora Inc.

The finalists and winning companies will be celebrated at the Red Herring 100 Asia event in Hong Kong, on August 29-31. Red Herring 100 Asia is an exclusive event honoring 100 cutting-edge private technology companies from across the Asia-Pacific region. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features three days of keynote discussions, roundtable panels and networking events designed for participants to make connections and learn what it takes to achieve the best in business and technology in Asia.

Distinguished speakers on Red Herring 100 Asia include Richard Li, Chairman of PCCW; SeHyun Oh , Chairman of SK Telcom, John Chen, Chairman of Sybase, Victor Koo, CEO of Youku.com (former President of Sohu.com); James Ding, Chairman of AsiaInfo, John Hummelstad, Apac Director of Microsoft Venture and many others. For a full list of Red Herring 100 Asia speakers, visit http://www.herringevents.com/asia07/speakers.html

Register for RH 100 Asia at http://www.herringevents.com/asia07/index.html

About Red Herring

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 events for technology leaders around the globe. Red Herring provides an insider