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Carbonetworks Awarded "Red Herring 100 North America"

Carbonetworks Awarded "Red Herring 100 North America"

Victoria, BC - Carbonetworks Corporation, today announced that it has been selected as a winner of the Red Herring 100 North America Award. The Red Herring editorial team deploys a detailed process to whittle down a pool of 1,000 eligible, promising companies to the 200 Finalists and in a last round decided for the top 100 winners of this important North American award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration. The Winners, elite executives and venture capital leaders from North America will celebrate the Top 100 Privately Held Companies in San Diego, May 11-14, 2009.

Carbonetworks CEO Michael Meehan said "We're delighted to be included in the Red Herring Top 100, it's an honor that the industry is recognizing Carbonetworks work in helping organizations recognize the effect that carbon management can have on their bottom line."

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 online at www.redherring.com.

About Carbonetworks

Carbonetworks is a software platform that helps organizations of all sizes understand, manage and reduce carbon emissions through a global network of energy and carbon reductions. As carbon specialists, Carbonetworks helps organizations move beyond the carbon footprint to develop a strategy that integrates carbon with organization-wide operations and the broader carbon market. Carbonetworks provides businesses with the cost-effective way to manage carbon through its easy-to-use and customizable software and services management platform that connects clients to the largest network of verified carbon and energy reductions. Carbonetworks currently serves hundreds of subscribers in over 30 countries including some of the largest and most active companies and governments in the world. For more information please visit www.carbonetworks.com.

Carbonetworks Contact:

Helen Allrich, (425) 452-5402, hallrich@webershandwick.com

Conference Contact:

Anam Alpenia at aalpenia@redherring.com, Phone +1 (650) 428-2900

Media Contact:

Xenia von Wedel, Terpin Communications at redherring@terpin.com Phone +1 (415) 595-2030