VALLETTA, Malta, April 15 /PRNewswire/ --

- Award Recognizes the 100 "Most Promising" Companies Driving the
Future of Technology

Red Herring today announced that Mobiletech AS is a recipient of the Red
Herring 100 Europe, an award given to the top 100 private technology
companies based in the EMEA (Europe, Middle East and Africa) region each
year.

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"This year's impressive list of winners demonstrates Europe's emergence
as a major player in the global technology sector," said Red Herring
Editor-in-Chief, Joel Dreyfuss. "The exceptional accomplishments of European
technology companies and entrepreneurs are a testament to the rapid
advancements being made in building the European innovation ecosystem."

Red Herring's 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.

Red Herring's editorial staff rigorously evaluated several 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.

"Winning this prestigious award just two weeks after being named the most
innovative player in the Nordic digital content arena by winning Telenor's
Digital Winners Award 2008, is great acknowledgement of our work. It inspires
us to continue our efforts to move boundaries by making useful tools for our
customers and user friendly solutions to let consumers enjoy rich and
rewarding mobile services," says Espen Askvik, CEO of Mobiletech.

To honor the CEOs of Red Herring top 100 Europe companies, Red Herring
has invited each CEO to present his or her company at its Red Herring Europe
2008 event. Scheduled for April 14-16, at the Westin Dragonara Resort, this
intimate, three-day event is themed "Ahead of the Curve" and will explore how
European firms are leading the charge in many technology sectors, gaining the
competitive advantage, and driving entrepreneurial success in ways that
create business opportunities for challengers and incumbents alike.

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 http://www.redherring.com.

About Mobiletech

Mobiletech (http://www.mobiletech.no) is an independent Norwegian
software company that delivers a complete range of products and services to
enable rich and engaging communication through mobile devices. Mobiletech was
founded in 2005 and is the power behind advanced mobile services for major
media companies, operators and other corporations in Scandinavia. Mobiletech
has a dedicated team of passionate professionals with skills in new media,
web publishing, mobile content, telecoms, banking and mobile technology.
Mobiletech has offices in Norway (Oslo, Bergen and Trondheim), Sweden
(Stockholm) and USA (Washington DC)

For more information, please contact: Espen Askvik, CEO Mobiletech
Phone: +47-994-664-94