Released on: September 8, 2008, 3:41 am

Press Release Author: Pressmart

Industry: Internet & Online

Press Release Summary: Pressmart Media Limited, industry\'s most advanced Digital
publishing solution for electronic edition of all print publications, announced that
it has secured a $6 Million funding from two of the most respected VC firms from the
Bay area, Draper Fisher Jurvetson and NEA IndoUS Ventures, as it moves into its next
phase of growth.

Press Release Body: Pressmart Media Limited (www.pressmart.net), a leading
print-to-digital delivery service, announced that it has secured a $6 Million
funding from two of the most respected VC firms from the Bay area, Draper Fisher
Jurvetson and NEA IndoUS Ventures, as it moves into its next phase of growth.

This investment will accelerate Pressmart’s global footprint and the resources to
build on its market momentum, expanding its global sales, marketing, and
customer-support presence across 35 countries where it currently serves over 350
print media customers. Pressmart’s strong SaaS based ePublishing and Digitization
services have helped the company gain rapid recognition worldwide, coupled with a
unique 360-degree service, that offers ePublishing, delivery, hosting, subscription
management, online payment, ad serving and user intelligence, all through one
package.

Making the announcement Sanjiv Gupta, CEO, Pressmart, said “The adoption rate of our
print-to-digital service has been remarkable over the past 24 months. Apart from
leading international publishing houses, we are vendors to some of the most
respected Global associations like the WAN, SNA, NNA etc This investment from Draper
Fisher Jurvetson and NEA IndoUS Ventures, alongwith their combined energy and
experience, will help Pressmart’s amplify its global leadership position in
authenticated, published, structured, audit-trail able and aggregated content,
distributed over new media channels rapidly.”

According to industry estimates, the worldwide print readership is in excess of 1.4
billion readers daily and the worldwide publications (including daily, weekly,
monthly, quarterly, annual, large newspapers, community publications, journals,
etc.) is in excess of 1.62 million. In India alone there are over 150,000
publications registered with RNI.

Pressmart also announced the induction of two highly accomplished professionals,
Sateesh Andra, Venture Partner of Draper Fisher Jurvetson and Vinod Dham, Founding
Managing Director of NEA-IndoUS Ventures (popularly referred to as the ‘father of
the Pentium’), to strengthen its Board of Directors.

In his address Sateesh Andra, Draper Fisher Jurvetson, said: “Publications around
the Globe are currently under tremendous pressure to increase their presence on the
web and leverage new media/social media for content distribution. Pressmart’s
Platform offers publishers a strong ROI and additional means of revenue.”

“I am very excited about the opportunity to invest in Pressmart and help make it a
leader in the e-publication space. As the world goes digital, there is unlimited
opportunity to deliver content in variety of electronic devices. Pressmart has
developed an excellent technology platform to accomplish that in an easy, quick and
flexible manner,” said Vinod Dham, Founding Managing Director of NEA-IndoUS
Ventures.

There is an immense amount of information stored in the billions of physical pages
in the world, whether it is through newspapers, magazines, journals or other
documents. Pressmart has built the technology and capability to digitally archive
this physical asset (information) into searchable, retrievable and repurposable
content in XML format. Pressmart has already converted 400 years of newspapers,
magazines, books, research papers, hospital records, manuscripts and journals, apart
from enterprise records, into future-proof digital content. Its digitization
customers include leading publications in Australia, Germany, India and Thailand,
besides a host of Government and quasi Government organizations. Pressmart has also
built strong capability to offer digitization from Microfilms and Microfiche.

Pressmart is the industry’s most advanced solution for publishing electronic edition
of Journals, newspapers and magazine or any other publication on multiple
distribution channels like Web, Mobile, RSS, Podcast, Blogs, Search Engines, Article
Directories and Social Networking Sites, with integrated revenue and cost-saving
capabilities.

The service offered by Pressmart is highly customizable and collaborates with Web
2.0 services, proliferating print content with online community interaction. Its
technology transforms the static online replica of a journal/newspaper/magazine into
an intuitive, interactive online medium by way of features like Podcasts, Blogs,
opinion polls and online shopping.

Using Pressmart’s technology, Publishers can quickly archive, digitize and
electronically publish content, effortlessly. They can even track reading trends and
analyze subscriber behavior – aiding not only editorial strategy, but also their ad
sales efforts.

About Pressmart:
Pressmart (www.pressmart.net) is a New Media Delivery Partner of leading newspapers
and magazines published in over 22 languages across 35 countries. Pressmart takes
over where the pre-press ends and delivers the electronic edition on multiple
distribution channels including web (as a print-replica ePaper edition), Mobile,
RSS, Podcasts, Blogs, Social Networking Sites, Article Directories, Search Engines,
etc.

Pressmart also offers digitization of legacy archives from multiple physical formats
into re-usable and monetizable digital formats. It has digitized over 400 years’
worth of newspapers, magazines and journals. Pressmart is headquartered in Hyderabad
and has a customer support presence in US and UK.

About Draper Fisher Jurvetson:
Draper Fisher Jurvetson (”DFJ”) backs extraordinary entrepreneurs everywhere who set
out to change the world. DFJ achieves its mission through its DFJ Global Network of
Partner Funds. Together, DFJ and the Network manage over $6B and have made more than
600 investments on four continents www.dfj.com

About NEA-IndoUS Ventures:
NEA-IndoUS Ventures is a venture capital firm based out of the US and India.
Co-founded by Vinod K. Dham and Vani Kola, the firm invests in businesses that
leverage accelerated, long-term growth prospects and capital efficiencies. For
additional information, visit www.neaiuv.com

Web Site: http://www.pressmart.net

Contact Details: Pressmart Media Limited,
1-8-617/2, Prakash Nagar
Begumpet, Hyderabad 16
AP, India
T: +91.40.6657.7000
F: +91.40.2776.2050
Mail:info@pressmart.net