Red Herring Magazine announced today that NetAlter Software Ltd has been officially selected as a winner of the prestigious Red Herring Global 100 2007 awards. The news was announced at a gala dinner during the Red Herring Global 100 event in Seattle, USA, happening from December 3 to 5.

Winners were selected from a pool of more than 1800 applicants across the world. 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 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 integration into their ecosystem.

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

“It is a hallmark event in the history of our company” said Rajesh Rathod, CEO NetAlter Software Ltd. “It will encourage us to drive you further towards achieving our goals of developing a secured and smart alternative to present Web and Internet.”

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.

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NetAlter Software Ltd is a privately held firm based in Mumbai, India. Founded by IT entrepreneurs Yogesh Rathod and Rajesh Rathod, NetAlter Software Limited is the fastest growing R&D hub for cutting edge software solutions for the social segment and has already developed solutions for community and personal networking.

The company aims to consolidate in its presently proven expertise in social networking to develop an alternative internet system that would incorporate some of the latest state-of-the-art computing technology such as Grid Computing, P2P networking, Multi-AI Agents, Artificial Intelligent Search Engine, Service Browser and on demand web services.

NetAlter Registered Office and contact details are as follows:

#3 & 4, Sai Smruti, Behind Deep Mandir Theatre, Mulund (West),

Mumbai – 400080, India.

Phone: (91-022) 2592- 8553

Fax: (91-022) 2591- 0141

Website: www.netalter.com

Email: info@netalter.com