PlateSpin wins International Stevie Award for Best Overall Company; PlateSpin Also Honored as a Finalist in Most Innovative Company and Best New Product Categories in the Third Annual International Business Awards

Business Wire, June 21, 2006

TORONTO -- PlateSpin has won an International Stevie(R) Award for Best Overall Company in the 2006 International Business Awards and placed as a finalist in the Best Products and Most Innovative Company categories. The International Business Awards are the only global, all-encompassing business awards program honoring great performances in the workplace.

Nicknamed the Stevie for the Greek word "crowned," the awards will be presented to winners at a gala dinner on Monday, June 26 in the Marriott Marquis Hotel in New York City. The ceremonies will be videocast live worldwide by HB Group, and will be broadcast live on radio in the U.S.A. by the Business TalkRadio Network.

Recipients of 82 International Stevie Award trophies were selected from more than 700 nominations received from companies and individuals in more than 30 countries. Twenty-two nations have at least one International Stevie winner each, including Austria, Australia, Canada, China, Croatia, the Czech Republic, Finland, France, Germany, India, Indonesia, Ireland, Korea, Kuwait, Malaysia, Nigeria, Portugal, Sweden, Thailand, Ukraine, the United Kingdom, and the U.S.A.

Companies from all over the world are eligible to compete in The International Business Awards, and can enter in any of more than 40 categories from Best Multinational Company and Best New Product to Best Corporate Social Responsibility Program and Best Executive.

"We are extremely pleased to have won an International Business Award for the second year in a row," said Stephen Pollack, PlateSpin's CEO. "Building on last year's award for Best New Company, we had an exceptional 2005 which was highlighted by a 440% growth in sales and the addition of over 700 new customers. The winning of this award is a validation of the dedicated team of professionals at PlateSpin. The fact that our flagship product, PlateSpin PowerConvert, was named as a finalist in the Best New Product category is a testimony to PlateSpin development ingenuity and ability to deliver."

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs selected International Stevie winners from among the Finalists, which were determined by volunteer judges around the world during two months of preliminary judging.

"PlateSpin's exceptional growth over the past year and commitment to leadership and corporate excellence earned them a Stevie Award for the second straight year," said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. "We congratulate PlateSpin and all of the Finalists and International Stevie Awards winners, and we look forward to honoring them for their achievements at our gala awards dinner in New York on June 26."

Complete lists of International Stevie winners and other details are available at www.stevieawards.com/iba.> About The Stevie Awards

Hailed as "the business world's own Oscars" by the New York Post (April 27, 2005), Stevie Awards are conferred in three programs: The American Business Awards, The International Business Awards, and The Stevie Awards for Women Entrepreneurs. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

About PlateSpin

PlateSpin provides the most advanced data center automation software designed to optimize the use of server resources across the enterprise to improve business service levels and lower costs. PlateSpin OS Portability technology (patent pending) liberates software from hardware platforms allowing servers to be streamed over the enterprise network from any source to any destination, ensuring best fit between server resource supply and application workload demands.

Global 2000 companies use PlateSpin solutions to lower costs and solve today's most pressing data center initiatives such as server consolidation, disaster recovery, hardware migration and test lab automation. Winner of the 2005 International Business Award for Best New Company, PlateSpin was also named the fourth fastest growing IT company in Canada by Branham Group, and as one of the top five Movers and Shakers in the Canadian IT Sector for 2006. For more information please visit www.platespin.com.

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