Press Release

San Mateo, CA — June 11, 2010 – Red Herring announced today that it has selected CFN Services as a Finalist for Red Herring’s North America 100 award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region. The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

“This year was especially difficult,” said Alex Vieux, publisher, and CEO of Red Herring. “Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. The finalists selected all show great promise, so now we’re faced with the difficult task of selecting the Top 100 winners for the Red Herring North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”

Finalists for the 2010 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries were considered for the award.

Finalists are invited to present their winning strategies at the Red Herring North America Conference in San Diego June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.