DAVE Networks Selected by AlwaysOn as an OnHollywood 100 Top Private Company Award Winner

LOS ANGELES, CA -- (MARKET WIRE) -- April 19, 2007 -- DAVE Networks, a leading digital media technology platform provider, today announced that it has been chosen by AlwaysOn as one of the OnHollywood 100 Top Private Companies. The OnHollywood 100 is a power list of the top private emerging technology companies in digital entertainment and media. The DAVE Networks 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.

DAVE Networks and the OnHollywood 100 will be honored at the OnHollywood digital entertainment and media event, May 1-3, 2007, at the Roosevelt Hotel in Hollywood, California. OnHollywood delves into the challenges, opportunities and business models of the digital era, and showcases the most innovative private companies that are changing the way entertainment and media is created, distributed, consumed and monetized.

"OnHollywood is an important forum that presents and debates the critical issues surrounding the transformation of the entertainment economy to one based on digital technology," said Tony Perkins, founder and CEO of AlwaysOn. "Digital technology has transformed the way content is created and delivered to consumers everywhere. The OnHollywood Top 100 companies are an elite group of innovators who are using this technology to revolutionize the industry."

The OnHollywood 100 was selected from more than 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts.

DAVE Networks' innovative technology allows for both established and emerging brands to build video social communities around their content, leveraging the current user-generated content phenomena. Using DAVE Networks' extensive API application library of video social community tools, companies can grow a social group base and generate user participation or awareness for any brand or affinity group. This form of viral marketing has truly tapped into the current behavior of consumers and has seen an explosive and very successful outcome thus far.

"As a company working to provide creative and easy solutions for new media clients, we are extremely excited to have been selected as an OnHollywood 100 elite," said DAVE Networks CEO Rex Wong. "We pride ourselves in being on the forefront of digital technology and look forward to providing even more enhancements to social media in the future."

A full list of all the OnHollywood 100 companies can be found on the AlwaysOn Web site at: http://alwayson.goingon.com/permalink/post/8389

About OnHollywood 2007: May 1-3 @ The Hollywood Roosevelt Hotel, Hollywood, California

OnHollywood is where cutting edge technology from the backstreets of Silicon Valley converges with Hollywood's media and entertainment elite. The two-and-a-half day event borrows from the "film market" tradition by providing an open environment for digital media and entertainment entrepreneurs to meet the big-time studio, telco and consumer electronics executives, venture capitalists and media. At OnHollywood, our editors will also honor the OnHollywood 100 Top Private Companies. 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 DAVE Networks

DAVE Networks, Inc. is the first provider of an integrated video distribution and social community platform designed to ignite brands. Founded in 2003, DAVE Networks has developed a robust set of technologies and applications that empower brands to build digital ecosystems while embracing online social communities. The S.O.C.I.A.L. Platform enables brands and content owners to easily leverage the new Web 2.0 user generated content revolution, viral content distribution and word-of-mouth marketing to empower their user bases. For more information, please visit www.davenw.com.

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: For DAVE Networks Terpin Communications Group Elina Heng Ph: 310.821.6100 x108 Email Contact For OnHollywood Edelman Renee Edelman Ph: 212.704.8249 Email Contact