Melbourne, Australia – 24 November 2010 – Club Intimate announced today it has won the 2010 Red Herring Asia Top 100 Tech Startup Award. Club Intimate was initially selected as a finalist for this award in October 2010. Following the presentation by Club Intimate’s Founder & CEO, Arshad Khan in Shanghai, Red Herring announced its Top 100 Asia Award in recognition of the leading private companies from Asia, celebrating these startups’ innovations and technologies across their respective industries.
“We are quite thrilled and proud of our accomplishment”, said Arshad Khan. “Winning of this ward was no easy task; Club Intimate was selected as a winner from hundreds of companies across Asia. Attending the event also gave me the opportunity to meet the brightest and smartest entrepreneurs from Asia”.
Red Herring’s Top 100 Asia 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 Asia to the Top 100 Winners. We believe Club Intimate embodies the vision, drive and innovation that define a successful entrepreneurial venture. Club Intimate should be proud of its accomplishment, as the competition was very strong.”
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 sector 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 in Asia.