ooVoo Selected As Winner Of  Red Herring 100 North America

Award Recognizes the 100 “Most Promising” Companies Driving the Future of Technology

San Francisco, CA, May 21, 2008 – Red Herring has announced that ooVoo is a recipient of the Red Herring 100 North America, an award given to the top 100 private technology companies based in the region.

"The large number of entries in this year's competition demonstrates that the economic slowdown has not affected technology innovation," said Joel Dreyfuss, editor-in-chief of Red Herring. "The companies on this year's list are proof that creative ideas continue to find the funding that turns them into promising businesses."

Red Herring’s annual lists of top private companies are an important part of the company’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

“We’re honored to have won the Red Herring 100 award and see it as further recognition that ooVoo is an innovative leader in the field of online face to face communication,” said Philippe Schwartz, CEO of ooVoo. “As we approach the first anniversary of ooVoo’s launch, we are delighted that Red Herring’s editors chose ooVoo as one of the promising startups that will lead the next wave of disruption and innovation. We look forward to continuing to offer a service that improves how people communicate with their friends, family and co-workers online.”

Red Herring’s editorial staff rigorously evaluated more than 800 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.

To honor the CEOs of Red Herring 100 North America companies, Red Herring invited each one to present his or her company at its Red Herring North America 2008 event, May 12-14, at the San Jose Fairmont. As the venue for the unveiling of the Top 100 private companies in North America, this event draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 11th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.

About Red Herring

Red Herring is a global media company which unites 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 newsletters, 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. More information about Red Herring is available on the Internet at www.redherring.com.

About ooVoo
ooVoo provides a high-quality video communication service that delivers a more meaningful way for people to talk face-to-face over the Internet. ooVoo’s award-winning technology enables up to six people to have a video conversation -- as if they are in the same room together -- whether they are across the street or across the globe from each other. ooVoo’s superior quality video and audio is available to anyone with a computer (PC or Mac), broadband connection and a web camera, for real-time video calls with up to six friends, relatives and colleagues simultaneously. ooVoo’s high quality video chat service includes video conversation recording, telephony, video messaging, instant message chat and file sharing amongst other capabilities. ooVoo is privately held and headquartered in New York, NY. You can learn more and download free ooVoo software at www.ooVoo.com.


Media Contacts:

Lisa Abourezk

Pamela Johnston

Email: lisa.abourezk@ooVoo.com

Email: Pamela@pjinc.net

Direct phone line: 646-300-8743

Direct phone line: 212-629-8445

ooVoo ID: oovoolisa

ooVoo ID: Pamela Johnston