Indiagames among finalists for the "Red Herring 100 Global" Awards 2007

Mumbai, November 15, 2007– Red Herring Magazine announced today that Indiagames Ltd., India’s benchmark mobile&online games company 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.”

Indiagames have 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.

Elated on being a finalist for“Red Herring 100 Global 2007”, a jubilant Vishal Gondal– CEO, Indiagames Ltd., said,“Being part of this elite list is an honour and we are extremely delighted to be among the best start-ups in the world. The stringent selection process and standards followed by Red Herring makes this a very prestigious award. The recognition is a reflection of quality, innovation and creativity exhibited by our teams. This heralds a new era for Indiagames and paves the way to be one of the leading gaming companies worldwide. We are confident that we will be part of the final 100.”

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. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features keynote discussions, roundtable panels and networking events designed for participants to make connections and learn what it takes to achieve the best worldwide in business and technology.

Distinguished speakers at Red Herring Global include Bruce Jaffe, Corporate VP at Microsoft; Promod Haque at Norwest Venture Partners; David Chao, Cofounder and General Partner, DCM; among others.

Register for Red Herring Global at http://www.herringevents.com/global07/index.html.

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 www.redherring.com.

# # #

ABOUT INDIAGAMES

Indiagames Ltd is India's benchmark mobile and online games company and a leading global mobile game publisher. The Company is engaged in publishing and developing games across various platforms including Online and Mobile. Indiagames’ products are developed and published across all major technology platforms and are distributed through partnerships with mobile operators in over 75 countries.

In India, the Company also distributes games via its consumer focused website and operates a broadband Games on Demand (GoD) service located at http://www.indiagames.com. Indiagames has over 300 employees and offices in Mumbai, London, Los Angeles&Beijing. Internationally the company publishes mobile titles via its IG FUN brand. Key investors include UTV Leading Media Power house, Adobe Inc., and Cisco Systems Inc.

Indiagames, IG FUN and Beat This are trademarks of Indiagames Ltd.

Contact at Indiagames

Suhail Baghdadi

Phone: +91 98671 93667,

e-mail: suhail@indiagames.com

Contact at Red Herring

Jordy Brazier

Senior Manager, Red Herring Global

Tel: +1 650 585 3524

Email: jbrazier@redherring.com

Media Contact Information and Accreditation:

Xenia Von Wedel

Terpin Communication Inc. for Red Herring

Tel: + 1 310 821 6100

Email: xenia@terpin.com


Games PressGames Press is the leading online resource for games journalists. Used daily by magazines, newspapers, TV, radio, online media and retailers worldwide, it offers a vast, constantly updated archive of press releases and assets, and is the simplest and most cost-effective way for PR professionals to reach the widest possible audience. Registration for the site and the Games Press email digest is available, to the trade only, at www.gamespress.com.