TransPerfect Co-Founder, Phil Shawe, is Named to the New York City "40 Under 40" By Crain Communications

Business Wire, March 3, 2008

Growth Rate and Success of the World's Largest Privately-Owned Language Services Company Drives Shawe's Recognition as One of New York's Most Promising Business Leaders

NEW YORK -- Phil Shawe, the Co-Founder of TransPerfect, was named to the prestigious "40 Under 40" list today by Crain's New York Business. Shawe, who started the language services company in a New York University dorm room in 1992 with his business partner, Elizabeth Elting, has guided the company's growth from start-up to global leader with more than 50 offices and over $156 million in annual revenue in 2007.

"I'm humbled by receiving this recognition in an environment such as New York City that is home to so many outstanding business leaders. However, I certainly cannot take the credit for the success that made this recognition possible. In the 15 years since founding TransPerfect, it has been my privilege to work with some of the most professional men and women in our industry. Every day our team advances the global businesses objectives of our clients. It is their outstanding work that is truly worthy of recognition." Shawe continued, "It is with profound thanks to the 800 professionals working at TransPerfect that I accept this honor."

Crain's "40 under 40" is an annual list of 40 people who have achieved tremendous success in business in New York before turning 40. A fixture in New York business, the annual listing has been in place since 1991. Over the course of three months, reporters and editors from Crain's evaluate a pool of more than 500 nominees on professional success, community service, and participation in trade groups.

The article on Phil Shawe and the other "40 Under 40" honorees can be accessed online here:

http://mycrains.crainsnewyork.com/40under40/years/2008

About Crain Communications

Crain Communications Inc. is one of the largest privately-owned business publishers in the US with over 30 leading business, trade and consumer publications in North America and Europe, including Advertising Age, TelevisionWeek and Automotive News. As an authoritative source of vital news and information to industry leaders and consumers worldwide, each of the company's newspapers, magazines and electronic news sites have become required reading in their respective sector of the business and consumer marketplaces.

About TransPerfect

TransPerfect is a family of companies including TransPerfect Translations, Translations.com, and Deal Interactive, as well as specialized Staffing, Deposition Services, Document Management, Transcriptions, and Multicultural Marketing divisions.

With 2007 annual revenue of $156 million and more than 800 full-time employees, TransPerfect is the largest privately held language service provider in the world. From over 50 offices on 4 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide. These services include translation, interpretation, transcription, multilingual typesetting/graphic services, staffing solutions, website globalization, software localization, subtitling/voiceovers, multicultural marketing, document management, and litigation support. With a network of over 4,000 linguists and subject-area specialists worldwide, TransPerfect is the largest translation company to be fully ISO 9001:2000 certified.

TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our websites at www.transperfect.com and www.translations.com.