Red Herring Reveals Winners of the Red Herring 100 Spring 2007: Selects Web 2.0 Company EchoSign

SAN FRANCISCO, CA -- (MARKET WIRE) -- May 2, 2007 -- Red Herring today announced that EchoSign (www.echosign.com), the leading web-based contract e-signature service, is a recipient of Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," says Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it's exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

"We are thrilled to be recognized by Red Herring for our innovative web 2.0 e-signature service," said Jason Lemkin, co-founder and CEO of EchoSign. "EchoSign offers the fastest way to get sales contracts signed, tracked, and filed. Our 50,000 strong user-base has seen their contract signature processes reduced from weeks down to under 42 minutes.

"EchoSign's inclusion on this list of top 100 private companies in North America validates our position in the marketplace as one the leaders in next-generation sales tools."

Red Herring's annual lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Red Herring's editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

To honor the CEOs of Red Herring 100 Spring companies, Red Herring has invited each one to present his or her company at its Red Herring Spring 2007 event, May 1-3, at the Hyatt Regency in Monterey. As the venue for the unveiling of the Top 100 private companies in North America, Red Herring Spring draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 10th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.

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.

About EchoSign

EchoSign is Web 2.0 Signatures. With nothing to download, learn or install, there is simply no faster way to get your contracts signed, tracked and filed. EchoSign has won numerous Office 2.0 awards including Best of Show at Office 2.0 Conference; Judge's Choice from IBD Network/Under the Radar; and Best Start-Up Honors from Sun Microsystems' Start-up Camp. Already, thousands of businesses are using the EchoSign service, including leaders such as BT, Brooks-Eckerd, Cisco Systems, Network General, AtRoad and the University of California. For more information and access to web service, visit www.echosign.com.

Contact Information: For more media information, contact: For EchoSign: Lisa Hendrickson 516-767-8390 Email Contact For RedHerring: Ollie Binkhorst Red Herring, Inc. 850-585-3418 Email Contact