Xinhua PR Newswire Designated as the Strategic Partner of Upcoming Red Herring Asia 2006

Xinhua PR Newswire Designated as the Strategic Partner of Upcoming Red Herring Asia 2006

June 20, 2006

    BEIJING, June 20 /Xinhua-PRNewswire/ -- Red Herring,
Inc., US-based media company whose mission is to cover
innovation, technology, financing and entrepreneurial
activity, has announced today that Xinhua PR Newswire
("XPRN") will be the strategic partner of its
upcoming Red Herring Asia 2006, scheduled for August 28-30
in Hong Kong. XPRN is a marketing alliance created by
Xinhua Finance and PR Newswire, to assist Asian
organizations and companies - public and private - in
delivering their news to decision makers, individual and
institutional investors, journalists and the general public
worldwide.

    Red Herring, in cooperation with XPRN, will present
awards to the 100 most promising Asian technology ventures
at this year's event. Themed "Meet Asia's
Innovators," Red Herring Asia 2006 will give industry
observers a critical look at the private companies, which
are driving change in the field of technology.  It will
bring together over 300 senior-level entrepreneurs,
corporate strategists, and venture financiers from the
technology industry in Asia. 

    In determining the Asia 100 winners, Red Herring's
editorial staff rigorously evaluates hundreds of private
companies through a careful analysis of financial data and
subjective criteria, including quality of management,
execution of strategy, and dedication to research and
development.  All 100 Asia winners will be profiled in a
special issue of Red Herring magazine, to be published on
August 21, 2006, with the awards announcement to be
distributed over the XPRN wire.   

    "Red Herring has long served as the mouthpiece in
the West for innovation in business, technology and where
the two realms converge," said John Williams, Managing
Director of XPRN. "We are delighted that they have
chosen XPRN as the most suitable partner with which to
advance their mission of fostering ingenuity in Asia."


    "XPRN's vast, yet targeted distribution channels
ensure the broadest possible exposure to this key event in
China. With many of the companies we recognize likely to
receive strong interest from investors and the media, XPRN
seemed like the most logical partner in helping us convey
their unique stories to the world," said Ellen Gao,
Chief Representative of Red Herring Asia.

    Bolstered by the extensive distribution network of its
affiliate PR Newswire, which includes over 2600 media
points and 6000 journalists in China, XPRN has delivered
the corporate announcements of leading public and private
companies worldwide since 2002. At the forefront of the
technology industry, XPRN disseminates the press releases
of nearly all of the Chinese companies listed on NASDAQ.  

    Red Herring 100 lists are an important part of the
company's tradition of identifying new and innovative
technology companies and entrepreneurs in America, Europe,
and Asia. Many of the ventures selected among the Red
Herring 100 go public, benefiting from the visibility
granted and accelerated growth made possible by this
prestigious award.  Companies like Google, eBay and Skype
were spotted in their early days by Red Herring editors as
those that would change the way we live and work.   

    About Red Herring, Inc.

    Red Herring Inc., founded in 1993, is a media company
whose mission is to cover innovation, technology, financing
and entrepreneurial activity. The journalists, research
specialists and newsletter editors investigate on a global
basis and report how the world of innovation and
entrepreneurship are transforming business and how the
business of technology is transforming the world. Red
Herring, Inc. is headquartered in Belmont, California.

    About Xinhua PR Newswire 

    Xinhua PR Newswire assists Asia organizations and
companies - public and private - in delivering their news
to decision makers, individual and institutional investors,
journalists and the general public worldwide, with
monitoring and measurement services. Xinhua PR newswire is
a venture created by Xinhua Financial Network and US-based
PR Newswire. PR Newswire has 50 years of experience in
distributing corporate information to media around the
world.

    For more information, please contact:

     Amber Li
     Red Herring/Asia
     Tel:   [phone] x805
     Email: [e-mail]

     Xinhua PR Newswire Customer Service
     Tel:   [phone]
     Email: [e-mail]
  
SOURCE  Red Herring, Inc. and Xinhua PR Newswire