The Most Promising Private Technology Ventures in the World to be Celebrated at Event in Seattle, Washington

SAN FRANCISCO, Calif., Nov. 20 /Xinhua-PRNewswire/ -- Red Herring Magazine announced today that NetAlter Software Ltd has been short listed for the Red Herring 100 Global 2007 Awards.

Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1800 eligible promising companies to the 200 finalists of this first-time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration.

The names of the 200 companies short-listed as finalists for the "Red Herring 100 Global 2007" can be found online at http://www.herringevents.com/global07/index.html .

"The 200 finalists we selected from around the world are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies with smart and innovative platforms that attest to the importance of technology in today's global economy.''

NetAlter Software Ltd has made the final group because of its outstanding achievements, and Red Herring Magazine is honored to announce it is one of the most promising technology firms in the world.

''We are delighted for having being declared as the Finalist for the Red Herring Global 100 award and hope to live up to the challenges that lay ahead of us,'' said Rajesh Rathod, CEO, NetAlter Software Ltd.The finalists companies will be celebrated at the Red Herring Global event in Seattle, WA, on December 3-5. The 100 winners will be announced at the Award Ceremony on December 4.

Red Herring Global is an exclusive event honoring cutting-edge private technology companies from across the world.

About NetAlter Software Ltd

NetAlter Software has been a pioneer in developing innovative solutions for social and business networking. It has already developed or is under various stages of prototype development 7 different products and plans to develop a secured P2P Browser which will offer an alternative to present web based applications and solutions. Presently, NetAlter Software Ltd is looking development and financial partners to develop and market the products and services. For more information, visit http://www.netalter.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/ .

For more information, contact: NetAlter Software Ltd: Gurudatt Shenoy VP, PR and Communication Tel: +91-9821-140-603 Email: gurudatt.shenoy@netalter.com

Contact: Gurudatt Shenoy, VP, PR and Communication of NetAlter Software
Ltd., +91-9821-140-603, or gurudatt.shenoy@netalter.com

Web Site: http://www.netalter.com/
http://www.redherring.com/