Award Recognizes 100 “Most Promising” Companies Driving the Future of Technology

Chitika Inc. (www.chitika.com), a leading advertising network specializing in the new web, today announced that it is a finalist for the Red Herring North America 100 Award, a selection of the 100 most innovative private technology companies based in North America.

“Chitika is honored to be selected as a finalist for the Red Herring North America Awards for our innovative and entrepreneurial achievements,” said Venkat Kolluri, CEO, Chitika. “We are dedicated to delivering innovative technology for online branding and advertising, such as our new Viral Branding Unit, and this recognition is further proof that we are striking a chord with brands and publishers in the new web.”

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are leading the next wave of innovation.

“We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together,” said Joel Dreyfuss, editor-in-chief of Red Herring.” It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists.”

Chitika’s unique conversational brand marketing platform provides companies and their media planners with a distinctive opportunity to engage consumers in relevant conversations about their brands and on-line publishers the opportunity to monetize the traffic to their sites.

About Chitika

Chitika (www.chitika.com) is a full-service on-line advertising network specializing in the new web. For advertisers and media buyers, Chitika is a proven channel for targeting on-line consumers and qualified buyers, and engaging them in relevant, brand-specific or product-specific conversations. For all publishers, Chitika is an easy-to-use platform for earning daily ad revenue. Founded in 2003, Chitika now serves more than two billion ads per month across a network of over 17,000 blogs and websites.

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 www.redherring.com.

Contacts

Greenough Communications For Chitika
Scott Bauman, 617-275-6518
sbauman {at} greenoughcom(.)com
or
Red Herring, Inc
Anam Alpenia, 650-428-2900
aalpenia {at} redherring(.)com