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ACL Wireless declared winner at Red Herring 100 Asia 2006

ACL Wireless, leading India-based developer and provider of mobile value added services, has been declared a winner at the Red Herring 100 Asia awards 2006. With this ACL joins the most promising technology ventures in Asia that are successfully challenging the industry with their innovative technologies and smart business models.

August 31, 2006, Hong Kong

ACL Wireless, leading India-based developer and provider of mobile value added services, has been declared a winner at the Red Herring 100 Asia awards 2006. With this ACL joins the most promising technology ventures in Asia that are successfully challenging the industry with their innovative technologies and smart business models.

The announcement, made early this week at the Red Herring 100 Asia award ceremony in Hong Kong, has further reinforced ACL s recent recognition as the fastest growing technology company in India.

The Red Herring 100 Asia award, now in its second year and open only to private technology companies headquartered in Asia Pacific, is given to the top 100 Asian tech companies on the basis of technology innovation, management strength, market size, investor record, customer acquisition and financial health. Red Herring s editorial staff rigorously evaluated more than 1,000 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.

"Red Herring s lists of private companies are an important part of the magazine s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google and eBay were spotted in their early days by Red Herring editors as those that would change the way we live and work," said Red Herring editor-in-chief Joel Dreyfuss."

Speaking at the event Mr. Sanjay Goyal, CEO ACL Wireless Limited said, "We're very pleased to be receiving this recognition from Red Herring. In an intensely competitive market place, this award recognizes the ingenuity, spirit and resilience shown by ACL to be amongst the best technology companies in the world."

Elaborating further Mr. Goyal said, "Being able to identify and bet on the next opportunity in the technology space, building unique proprietary products and evolving a new highly scalable business model are the key reasons for ACL s resounding success."

Red Herring 100 Asia covers markets such as Japan, South Korea, China, India, Singapore, and Australia. The award ceremony was held in concurrence with the Red Herring 100 Asia Conference between August 28-30, at the same venue.

About ACL Wireless

ACL Wireless is a leading India-based developer and provider of mobile value added services. Its unique and robust solutions in the field of mobile communities, instant messaging, carrier connectivity & billing, content aggregation and application development, have benefited more than 30 mobile operators in several emerging markets across the globe as well as over 50 tier-one enterprises, media companies and content providers in India.

ACL was recently ranked as India's fastest growing technology company by Deloitte. Founded in 2000, the company employs over 180 people and operates from its head office and R&D center in New Delhi.

For more information please visit www.acl-wireless.com

PR Contact

Soumitra Ranjan

ACL Wireless Limited

Tel: +91.11.2643 8813

Email: soumitra@acl-wireless.com

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