OOOUT Portal AG Won Best IT Enterprise in Shanghai

PRESS RELEASE

FOR IMMEDIATE RELEASE

OOOUT Portal AG Won Best IT Enterprise in Shanghai

Shanghai, China January 16, 2009 – OOOUT.com Portal AG won the best IT entrepreneurial enterprises award at “Best IT Venture Enterprise of 2008” event held at December 18, 2009 in Shanghai China.

“Best IT Venture Enterprise of 2008” is the most important and elite award for the information technology entrepreneurial enterprises in Shanghai. The judges include Information Technology Professionals in Shanghai and Shanghai Association of Science and Technology. The once a year ceremony was held at Science and Technology Innovation Center, which is a subsidiary of Beijing Science and Technology Center.

Mr. Liu Jian, Deputy Secretary of the Municipal Technology Corporations Council, the main organizer, stated “Youth entrepreneurship and information technology is the most important growth direction for China; this event highlights the hard work our entrepreneurial enterprises have accomplished in the past year. This year we evaluated 68 IT enterprises, and select OOOUT.com as the Best Venture Enterprise of 2008. ”

The award was presented by Mr. Ma Chunlei, Shanghai Municipal Party Committee Secretary accompanied by the Shanghai City Science and Technology Commission, the Urban Information Committee, the Huangpu District government and the Hong Kong Federation of Students.

Louis Lu, President of OOOUT stated “We are proud to be participating in the Science and Technology Cup of Shanghai 2008 and so excited and honored to win the best IT prize out of 68 IT enterprises. This award signals that our last five years hard work has paid off with our efforts recognized by the IT industry in Shanghai. ”

Several national and local newspapers were at the event covering the awards ceremony such as Youth Times and IT World. The newspaper and magazine journalists also comprised of the voting committee for the “Science and Technology Shanghai Cup” 2008 Outstanding IT venture enterprises in Shanghai poll.

ABOUT OOOUT Portal AG (OOOUT) http://www.ooout.net OOOUT’s mission includes, A. To be the largest College Student Social Network B. As a primary tool for graduating students to look for jobs. C. Through our printed media distributed directly through dorms, to be the most effective media outlet for any company to cultivate brands and develop markets in all campuses. D. To be the largest E-Commerce site for Chinese College students purchases of Electronic products by offering the most competitive prices.

Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, variations in cash flow, reliance on collaborative partners, variations in service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed.