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RED HERRING REVEALS COMPANIES SELECTED FOR THE RED HERRING NORTH AMERICA 100 2008

Apr.21.2008

San Francisco, CA, April 17, 2008- Red Herring today announced that MOLI is a finalist for the Red Herring 100 Award, a selection of the 100 most innovative private technology companies based in North America. In addition, MOLI's founder, Dr. Christos M. Cotsakos, will be speaking on a roundtable at the award event entitled "Web 3.0: Trolling for Profits".

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout the North American region and identified the top 200 out of more than 800 closely evaluated companies that are leading the next wave of innovation.  

"We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring." It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."

The 100 winning companies will be announced at the Red Herring North America event in San Jose, California, on May 12-14 at the Fairmont.

Dr. Cotsakos will participate on a CEO panel "Web 3.0: Trolling for Profits" on Wednesday, May 14 from 11:30 a.m. - 12:15 p.m.  The panel will discuss workable and profitable business models, what's working/what's not, and the consumer influence.

About MOLI

MOLI (MOLI.com) is a next generation social media/social commerce site where members can create and manage multiple profiles in one account.  This enables users to separate their social, business and family relationships and keep control over their privacy. MOLI is an ideal platform for collaboration among enterprising individuals above the age of 18 and a destination site for small businesses to establish an online presence where they can showcase and sell their products and services. To inspire, inform and entertain its members, MOLI also publishes its own professionally created high-definition videos and articles in a variety of lifestyle channels. MOLI launched in the U.S. in January 2008 and is currently in public beta test in the U.K. and Ireland. MOLI, headquartered in West Palm Beach, Fla., is a wholly-owned subsidiary of Mainstream Holdings, Inc. a diversified Internet technology and digital media company focusing on four industry segments: e-commerce, behavioral marketing, high-definition video production, and software and infrastructure development.  www.moli.com or www.moli.com/mainstream.
 
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.

CONTACT:
Karen Lippe
561-459-1784, klippe@moli.com
or
Anam Alpenia
Red Herring, Inc.
650-428-2900, aalpenia@redherring.com