ChaCha Selected for the 2012 Red Herring Top 100 Global List

  ChaCha Selected for the 2012 Red Herring Top 100 Global List

Business Wire

SANTA MONICA, Calif. -- December 07, 2012

Red Herring announced its Top 100 award in recognition of the leading private
companies from North America, Europe, and Asia, celebrating these startups’
innovations and technologies across their respective industries. Among this
year’s winners was ChaCha, the leading question and answer site, which
responds to queries on a range of topics including politics, culture,
entertainment and sports.

“We are honored to be selected by Red Herring among this distinguished group
of private companies,” said Scott Jones, CEO of ChaCha. “Over the past year
we’ve seen significant growth at ChaCha, with our monthly site traffic
increasing to over 66 million visits -- over three times more than the
previous year. With a pipeline of innovative initiatives on the horizon, we
are looking forward to game-changing improvements to our platform and
continued success in the year ahead.”

Red Herring’s Top 100 Global list has become a mark of distinction for
identifying promising new companies and entrepreneurs. Red Herring editors
were among the first to recognize that companies such as Facebook, Twitter,
Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way
we live and work.

“Choosing the companies with the strongest potential was by no means a small
feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous
contemplation and discussion, we narrowed our list down from hundreds of
candidates from across Global to the Top 100 Winners. We believe ChaCha 
embodies the vision, drive and innovation that define a successful
entrepreneurial venture. ChaCha  should be proud of its accomplishment, as the
competition was the strongest it has ever been.”

Red Herring’s editorial staff evaluated the companies on both quantitative and
qualitative criteria, such as financial performance, technology innovation,
management quality, strategy, and market penetration. This assessment of
potential is complemented by a review of the track record and standing of
startups relative to their peers, allowing Red Herring to see past the “buzz”
and make the list a valuable instrument of discovery and advocacy for the most
promising new business models from around the world.

About ChaCha

ChaChais the leading source for free real-time information and answers.
Through its unique "ask-a-smart-friend" platform, ChaCha has answered over 2
billion questions since launch from more than 40 million unique users per
month via online (ChaCha.com), mobile text (242-242),iPhone app,Android
appand voice (1-800-2-ChaCha™). ChaCha is one of the fastest-growing mobile
and online publishers according to Nielsen, comScore and Quantcast and was
recently named by Forbes as one of America's Most Promising Companies. Follow
ChaCha on Twitter:@ChaChaand @ChaChaMan.

Contact:

ChaCha
Erica McDonald, 646-202-9784
Erica.mcdonald@horngroup.com