SOURCE: Zattoo

March 26, 2007 09:04 ET

Zattoo Receives the Red Herring 100 Europe 2007 Award

Award Recognizes the 100 "Most Promising" Companies Driving the Future of Technology

CANNES, FRANCE -- (MARKET WIRE) -- March 26, 2007 -- Zattoo today announced that Red Herring has named Zattoo a Finalist of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year.

Zattoo is a disruptive and legal new TV distribution service carrying the world's most popular TV channels right onto users' PCs and laptops via the Internet. It works without hardware and without subscription fee. End users download the application from and watch TV within minutes. The service has been an instant hit with users in Switzerland where Zattoo is rapidly achieving cult status. By July 2007, Zattoo will be serving about 100 channels, with country-specific lineups for UK, France, Spain, Germany, Austria, Switzerland, Denmark, and other countries -- a territory in aggregate as large as the United States.

"We're very pleased that our ability to deliver high-quality video streams, without incurring the cost associated with traditional multicast streaming, is being recognized by the Red Herring editorial staff," said Sugih Jamin, Chairman and co-founder of Zattoo. Zattoo is a concept and company incubated at the University of Michigan, Ann Arbor, where a team led by Professor Sugih Jamin developed the revolutionary streaming technology that serves as the foundation of the free TV service.

Zattoo CEO and co-founder Beat Knecht added, "It is interesting to note that we started Zattoo in the U.S. but deliberately chose Europe as our first market because of its culturally diverse TV landscape and licensing advantages relative to the States. It is fitting that Red Herring recognizes us therefore in Europe. We look forward to announcing similar services throughout North America and Asia."

Red Herring's 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 700 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.

About Zattoo:

Zattoo acquires, transports and presents quick-start, long-play streaming video in one browser for all channels for broadband users anywhere. Zattoo is the only provider of P2P IPTV that provides users with diverse and desired content of the highest possible video quality in one browser, while dramatically reducing cost and increasing reach for broadcasters, and enabling advertisers to leverage the best aspects of both web-based and traditional television advertising methods. Zattoo partners with broadcasters and advertisers to serve consumers with a wide selection of content from various sources in one, easy-to-use web interface. Zattoo is built around a state-of-the-art peer-to-peer streaming platform developed by leading technologists at the University of Michigan, Ann Arbor. Zattoo is based in Ann Arbor, Michigan, USA, and Zurich, Switzerland.

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