Press Release

Red Herring Releases List of Finalists for the "Red Herring 100 Global" Awards 2007

Released on Nov. 13, 2007

The Most Promising Private Technology Ventures in the World to be Celebrated at Event in Seattle, Washington.

Event brought together the best privately held companies in the world.

San Francisco, CA, November 13, 2007 -Red Herring Magazine announced today that Saora Inc. has been short listed for the Red Herring 100 Global 2007 Awards.

Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1800 eligible promising companies to the 200 finalists of this first-time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration. The names of the 200 companies short-listed as finalists for the "Red Herring 100 Global 2007" can be found online at http://www.herringevents.com/global07/index.html.

"The 200 finalists we selected from around the world are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies with smart and innovative platforms that attest to the importance of technology in today’s global economy.

Saora Inc. has made the final group because of its outstanding achievements, and Red Herring Magazine is honored to announce it as one of the most promising technology firms in the world.

"Its been a year full of excitement for us. Being declared winner at Red Herring 100 Asia earlier this year and now we been selected as Red Herring 100 Global Finalist. We look forward to being at Red Herring 100 Global 2007 celebrations." said Prem Anand, Co-Founder & President, Engineering of Saora Inc.

The finalists companies will be celebrated at the Red Herring Global event in Seattle, WA, on December 3-5. The 100 winners will be announced at the Award Ceremony on December 4.

Red Herring Global is an exclusive event honoring cutting-edge private technology companies from across the world. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features keynote discussions, roundtable panels and networking events designed for participants to make connections and learn what it takes to achieve the best worldwide in business and technology.

Distinguished speakers at Red Herring Global include Bruce Jaffe, Corporate VP at Microsoft; Promod Haque at Norwest Venture Partners; David Chao, Cofounder and General Partner, DCM; among others.

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’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.