TrialPay Named 2008 Red Herring North America 100 Winner

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--TrialPay™, the leader in alternative payment methods, announced today that it has been named a Red Herring 100 Award winner, a selection of the 100 most innovative private technology companies based in North America.

“Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity”

The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout North America and selected TrialPay as one of 100 winners from more than 800 applicants. Nominees were evaluated on quantitative and qualitative criteria including financial performance, technology innovation, quality of management, execution of strategy and integration into their ecosystem.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it’s exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

“We are thrilled to be recognized as a Red Herring 100 winner,” said Alex Rampell, Co-Founder and CEO of TrialPay. “Our more than 7 million registered users are proof that we continue to be the alternative payment platform of choice for premier e-commerce providers and blue-chip advertisers. This honor is indicative of TrialPay’s commitment to excellence and further exemplifies our continued momentum in the alternative payments market. ”

TrialPay was selected as an award winner this week at the Red Herring North America event in San Jose, CA, where the CEOs of the winning companies presented their innovative ideas and technologies to an audience of leading entrepreneurs, financiers and corporate strategists.

The honor from Red Herring is the latest in a string of recent awards for TrialPay. More recently, TrialPay was named a finalist in the ad:tech awards competition and was chosen by AlwaysOn as one of the OnMedia 100 Winners.

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.

About TrialPay

TrialPay unites advertisers, merchants and shoppers to create the first payment platform that benefits all parties. Using TrialPay, merchants turn lost and indecisive shoppers into paying customers by giving away their product for free when a shopper completes an offer from blue-chip advertisers. Advertisers pay a bounty that equals or exceeds the merchant's regular price to create a profitable transaction out of a stalled or abandoned cart. TrialPay ensures that every shopper finds an offer that compels him or her to purchase by pairing premium brands with the added value of a free product. With TrialPay everyone wins: shoppers get a free product, advertisers acquire new customers and merchants earn significant revenue from lost or unlikely customers.

TrialPay works with over 4,000 premium merchants, including industry leaders in software, games, publishing, online services and retail. TrialPay currently has more than 7 million registered users and adds 30,000 new users every day.