June, 2010

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Rob Chaplinsky

Managing Director

June 30th, 2010

IMVU Selected as a 2010 Red Herring Top 100 North America Tech Startup

PALO ALTO, CA — June 29, 2010 — IMVU,  an online community where members use 3D avatars to meet new people, chat,  create and play with their friends, today announced that the company has been selected as a 2010 Red Herring 100  North America Tech Startup. Now in its eleventh year, the program honors the leading  private companies from North America for technological innovation in their  respective industries.

“Choosing the companies with the strongest  potential was by no means a small feat,” said Alex Vieux, publisher and CEO of  Red Herring. “After rigorous contemplation and discussion, we narrowed our list  down from hundreds of candidates from across North America to the Top 100  Winners. We believe IMVU embodies the vision, drive and innovation that define  a successful entrepreneurial venture. IMVU should be proud of its  accomplishment, as the competition was very strong.”

Red  Herring’s editorial staff evaluated the companies on both quantitative and qualitative  criteria, such as financial performance, technology innovation, management  quality, strategy, and market penetration. This assessment of potential is  complemented by a review of the track record and standing of startups relative  to their sector peers, allowing Red Herring to see past the “buzz” and make the  list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

“Being named a Red Herring 100 North American award winner is a real  honor for all of us at IMVU,” said Cary Rosenzweig, CEO of IMVU, Inc.  “We’re proud to be recognized alongside a very impressive list of some of  the most successful technology companies in recent history.“

About Red Herring and the Red Herring 100 North America Award

Red Herring is a global media company uniting  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. For more information visit www.redherring.com.

About IMVU, Inc.

IMVU Inc. is an online community where members use 3D avatars to  meet new people, chat, create and play with their friends. IMVU has reached 50  million registered users, 10 million unique visitors per month and a $40+  million annualized revenue run rate. IMVU has the world’s largest virtual goods  catalog of more than 4 million items, almost all of which are created by its  own members. Founded in 2004, IMVU is backed by venture investors Menlo  Ventures, Allegis Capital, Bridgescale Partners and Best Buy Capital and is  located in Palo Alto, CA. IMVU is hiring for many positions, log onto www.imvu.com/jobs for more information.

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Rob Chaplinsky

Managing Director

June 24th, 2010

Dayforce Named a Winner of the 2010 Red Herring 100 North America Award

June 25, 2010 – Dayforce, the workforce management company widely recognized as an innovation and usability leader, announced today it has been selected as a winner of Red Herring’s North America 100 award, a prestigious list honoring the year’s most promising private technology ventures in North America.

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.

“Dayforce and its clients continue to enjoy tremendous success and traction,” said David Ossip, Dayforce’s CEO.  “We are honored to have received this recognition, and look forward to continuing to change the workforce management industry.”

Unique Assessment of Potential

Winners of the 2010 edition of the Red Herring 100 North America award were 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 sent in their submissions to qualify for the award.

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.”

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