NetAlter Software Ltd receives "Red Herring 100 Asia" Award for 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 NetAlter Software Ltd 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 Asiaevent 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.

"After a rigorous evaluation process, we’re very happy with winners we selected,” said Joel Dreyfuss, Editor-in-Chief of Red Herring. “There was a large pool to choose from and we’re impressed by the caliber an innovative talent bursting from Asia’s business and technology sector.”

“It is a remarkable achievement for the NetAlter Team” said Rajesh Rathod, CEO - NetAlter Software Ltd. “The award is also significant, as it recognizes the strength of our innovation and technology.”

"This year we not only attended the Award Ceremony in Hong Kong; but also sponsored the event. The NetAlter stall at the Technology exhibition center attracted many visitors and generated curiosity and inquiries on this innovative system." - Yogesh Rathod, Chairman, NetAlter Software Ltd.

"It was a very exciting event for me as I got to expose our technology to lot many people this time and also present our case for an alternative to present web on Red Herring TV." - Gurudatt Shenoy, VP PR and Communications.

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

Contact at NetAlter Software Ltd:
Gurudatt Shenoy
VP, PR and Communication
+91 9821140603 / +91 22 25915994
Gurudatt.shenoy@netalter.com
www.netalter.com

Contact at Red Herring:
Maggie Xiao
Director, Red Herring APAC
650.585.3419
mxiao@redherring.com

Media Contact Information and Accreditation:
Jenny Chong
Terpin Communication Inc. for Red Herring
Tel: + 1 310 821 6100 Ext. 103
jenny@terpin.com