BWI: PlaySpan Selected by AlwaysOn as an OnHollywood 100 Winner

Press release from Business Wire India
Source: PlaySpan India Pvt Ltd
Tuesday, September 21, 2010 11:00 PM IST (05:30 PM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment
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PlaySpan Selected by AlwaysOn as an OnHollywood 100 Winner
Monetization-as-a-ServiceT platform provider recognized for creating technology innovations in digital entertainment

Mumbai, Maharashtra, India, Tuesday, September 21, 2010 -- (Business Wire India) -- PlaySpanT, the global leader in monetization solutions for digital goods, social networks, online games and videos, today announced that it has been chosen by AlwaysOn as one of the OnHollywood 100 winners. This year marks the third consecutive year that the company has been chosen by Always On as a top 100 private company.

Inclusion in the OnHollywood 100 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing and entrenched Hollywood entertainment. PlaySpan was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

"The entire entertainment world is dependent on the Internet, social networking, and the burgeoning use of the iPhone and Google's Android smartphone platforms to market, distribute, and share entertainment," says Tony Perkins, founder and editor of AlwaysOn. "When you review the OnHollywood 100 class of 2010 and see companies like PlaySpan, you will see that we have come a long way since early music sites like Napster and Kazaa began disrupting the entertainment world."

The OnHollywood 100 winners were selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists, and entertainment industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list.

PlaySpan and the OnHollywood 100 companies will be honored at AlwaysOn's fifth annual OnHollywood on September 27th, 2010, at the Entertainment Technology Center @ USC in Los Angeles, CA. This two-and-a-half-day executive gathering that highlights the significant trends affecting digital entertainment. Disruptive technology is forcing big changes in Hollywood: new contracts, new genres, new stars. As the behemoth industry steps into the digital era, entertainment execs will be paying even closer attention to the global Silicon Valley-especially the startups that are writing the rules and creating the tools for the digital entertainment age.

PlaySpan and its executives have received numerous accolades and awards in 2010 including Ernst & Young's Entrepreneur of the Year Award, and Inc. Magazine's Top 5000 Private Companies list. Last month, PlaySpan secured an $18 million dollar series C round of funding led by Vodafone Ventures and Softbank Bodhi Fund.

A full list of all the AlwaysOn OnHollywood 100 winners can be found on the AlwaysOn website at:
http://www.aonetwork.com/AOStory/Announcing-2010-OnHollywood-100

"We are proud once again to have been chosen by AlwaysOn among the thousands of strong candidates under consideration," said PlaySpan Founder & CEO, Karl Mehta. "Over the last three years PlaySpan has firmly distinguished itself as a global industry leader, with award-winning products and services, and a top notch team of monetization professionals that position PlaySpan well for future growth and continued success."

About PlaySpan, Inc.

PlaySpanT is the global leader in monetization solutions for more than 1,000 online games, social networks, and online videos. PlaySpan's patent-pending Monetization-as-a-ServiceT platform enables publishers and developers to generate new revenue streams and grow ARPU.

PlaySpan's Monetization-as-a-ServiceT with its global payments product, UltimatePayT delivers over 85 global payment methods in 180 countries including credit cards, PayPal, mobile payments, and PlaySpan's ULTIMATE GAME CARD®, the #1 selling multi-game pre-paid card, available in over 50,000 retail locations across North America and a growing list of countries worldwide.

PlaySpan is headquartered in Silicon Valley with offices in Ohio, Virginia, and Mumbai. Investors include Easton Capital, Menlo Ventures, Vodafone Ventures, Softbank Bodhi Fund, STIC and Novel TMT Ventures. The company has won over 12 awards in the past 3 years, was honored by Inc Magazine as one of the fastest growing company in its Inc 5000 list for 2010.

For more information about PlaySpan, visit: http://corp.playspan.com

About AlwaysOn

AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.



CONTACT DETAILS
Vinayak Rao, PlaySpan India Pvt Ltd, +91 9820045958, vinayak.rao@playspan.com

KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA

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