HYDERABAD, India, September 7 /PRNewswire/ --

Today, Red Herring Magazine announced that Gameshastra, India's largest
Game Services provider, has won the prestigious Red Herring 100 Asia 2007
awards.

(LOGO: Send2Press.com/mediaboom/07-0202-Gameshast_72dpi.jpg)

The Red Herring 100 Asia 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 results were revealed at a gala
dinner during the Red Herring 100 Asia event in Hong Kong on August 29-31.

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

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 their integration into their ecosystem. The 100 winners are
based in 16 countries/regions including China, India, Japan, Singapore,
Korea, Australia, and Vietnam.

"To be recognized with this award is an honor for a young company like
ours," Prakash Ahuja, CEO of Gameshastra, said upon accepting the award.

Ahuja added, "Gameshastra's focus in the coming years will be to build on
this accomplishment and consistently provide our customers a superior
technology environment while maintaining our position as the most preferred
game services provider for game publishers worldwide."

As part of Red Herring's tradition of honoring innovation and
entrepreneurship in the business of technology, Red Herring will provide
Gameshastra with a premier global launch and media opportunity at the Red
Herring 100 Asia event in Hong Kong, August 29-31. The exclusive event honors
100 cutting-edge private technology companies from across the Asia-Pacific
region.

During the two days, private startup companies are provided a platform to
expand their business worldwide. More than 300 attendees, including the most
reputable venture capitalists, entrepreneurs, business financiers, and
corporate strategists will attend the Gala. There, they will convene to
network, discuss trends, explore partnership and investment opportunities,
and interact with 20 world-class media outlets such as Forbes, Dow Jones,
Bloomberg, and BusinessWeek.

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 of Microsoft
Venture and many others.

About Gameshastra

Gameshastra has been involved in the full suite of outsourcing services
for the gaming industry. The company has worked in the fields of game
development, creation of game art, quality assurance, testing, and related
services for over two years, working with major publishers and independent
studios globally. The company has opened a state-of-the-art Game Services
center in Hyderabad to extend services for all the gaming platforms --
Consoles, Handheld, and Online including the Wii, Xbox 360, PS3, PS2, PSP PC,
Mac, Web, and Nintendo DS. For more information visit
http://www.gameshastra.com

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
http://www.redherring.com.

All trademarks acknowledged.

This release was issued on behalf of the above organization by
Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com

Web site: http://www.redherring.com
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