Mochi Media Selected by AlwaysOn as OnHollywood 100 Top Private Company Award Winner

SAN FRANCISCO, CA--(Marketwire - June 2, 2008) - Mochi Media, the world's largest online games network, today announced that it has been chosen by AlwaysOn as one of the OnHollywood 100 Top Private Companies. Mochi Media was handpicked by the AlwaysOn editorial team based on a set of five criteria: innovation, market potential, customer adoption, media buzz and investor value creation. At the event, Mochi Media CEO, Jameson Hsu, will participate in a panel of top gaming executives to discuss new business models and monetization opportunities in games.

Mochi Media along with the rest of the OnHollywood 100 will be honored at the OnHollywood & BRiM event on June 10-11, 2008 at the Sofitel Hotel in West Hollywood, California. The event gathers executives from both the entertainment and the technology industries to identify and debate emerging trends in addition to building relationships and taking advantage of potential new business partnerships.

"This year's OnHollywood 100 represents the brightest of the innovators in the new media space. We are enthusiastic about gathering the leaders in a collaborative environment that fuses these two industries together, culminating in the richest, most progressive conversations on Hollywood's digital movement," said Tony Perkins, founder and CEO of AlwaysOn. The OnHollywood 100 was selected from more than 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts.

In addition to OnHollywood, Mochi Media will also be presenting at several top gaming and tech conferences in the next two months, including the Under The Radar Social Media and Entertainment Conference on June 3, the Social Gaming Summit on June 13, and Casual Connect Seattle on July 23. Under The Radar showcases top early- and growth-stage startup companies, highlighting innovative technology and emerging trends; the Social Gaming Summit focuses on the intersection of gaming, immersive worlds and social networking; and Casual Connect Seattle brings together experts in the casual gaming field to further the casual games industry through networking and learning.

"We are thrilled that AlwaysOn has recognized Mochi Media as an innovative leader in our space," said Mochi Media CEO Jameson Hsu. "Casual games have been growing at an explosive rate, and we are just beginning to scratch the surface of the market opportunity for game developers, advertisers and publishers. We look forward to continuing to grow our set of tools and services for this community."

Mochi Media is a platform for the online gaming community which provides tools for game developers, advertisers and publishers. The company provides game developers with analytics, distribution and monetization tools while supplying advertisers with turnkey opportunities to reach the one in three Internet users who play games online. With over 3,000 games in their catalog, Mochi Media also provides publishers with a huge catalog of high-quality games to engage users on their sites.

A full list of all the OnHollywood 100 companies can be found on the AlwaysOn Web site at: http://onhollywood.goingon.com/

About OnHollywood 2008

June 10-12 @ The Sofitel Hotel, West Hollywood, California

OnHollywood is where cutting-edge technology CEOs from the back streets of Silicon Valley meet the Hollywood digital entertainment and media elite. This two-and-a-half-day executive event features high-level debates on which forces are disrupting user behavior and creating new opportunities, content strategies and monetization schemes in the video, music, gaming, search, and mobile industries. Our editors will also honor the OnHollywood 100 Top Private Companies and feature the Best of Broadband "BOB" Awards. Fifty of the top CEOs from the OnHollywood 100 will pitch their market strategies to a panel of industry experts in our "CEO Showcase."

About Mochi Media

Mochi Media is dedicated to fueling the creativity of the gaming community. The core product, MochiAds, is the largest online games advertising network for developers, advertisers and publishers. The network provides game developers with monetization, distribution and analytics while providing advertisers with turnkey opportunities to reach the one in three Internet users playing games online. The thousands of online games available in the game catalog provide publishers with engaging content to attract, entertain and retain their users. Mochi Media is headquartered in downtown San Francisco and funded by Accel Partners.

About AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, AlwaysOn Hollywood, AlwaysOn Media and GoingGreen) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.

Contact Information: Press Contact: Corey Lewis or Chris Schreiber LaunchSquad (415) 625-8555 mochimedia@launchsquad.com