Etelos to Feature Twenty Startups Participating in Web Mission 08 During the Web 2.0 Expo



Etelos will open its Web 2.0 Expo booth to representatives from 20 of the United Kingdom's hottest Internet startups as part of Web Mission 08.

The participating companies will demonstrate their products and technologies at the Etelos booth on the Expo floor starting at 10 am on Wednesday, April 23. Etelos is a Diamond Sponsor of the Web 2.0 Expo.

"Hosting these companies is our way of showcasing the power and capabilities of the Web as the platform for the future of innovation and business," said Shelley Symonds, Etelos Chief Marketing Officer. "Innovation is global and the business solutions created by each of these startups reach and benefit Web workers far beyond the UK and San Francisco."

The companies that are traveling represent only a small portion of the innovation from the United Kingdom and the rest of Europe. More than 100 companies applied to be part of this program and tour Silicon Valley. These 20 companies showcase the high-level of technology emerging beyond the Valley.

"The Web 2.0 Expo is a great platform for these companies to be able to showcase their innovative technologies," said Joe Black, BT's director of emerging business and technology. BT is a key sponsor of Web Mission 08 and a partner with Etelos for its communication enabled Web services. Black adds, "Etelos is showing its support of the future of Web application innovation by allowing Web Mission to join them at the show."

Etelos is also a technology sponsor for the Web Mission 08 and will be introducing the visiting companies to the Etelos Marketplace. Etelos is changing the way Web-based applications are developed, distributed and consumed to empower organizations to use Web-based applications to achieve their goals. Etelos' technology for developing and deploying on-demand applications is transforming the world of software distribution. The Etelos Marketplace gives developers an easy place to license, distribute and support applications. The Etelos Marketplace also gives businesses a wide selection of fully customizable, on-demand business applications to license and deploy to the hosting environment of their choice.

"To have such a fast growing and innovative company as Etelos supporting Web Mission08 is a massive benefit for the 20 UK start-ups," said James Lawn, co-founder of Polecat Ltd and co-founder of Web Mission. "Etelos is an inspirational example of success for any Web startup - at the very least they are a role model, more often, they are also likely to have the technology and services required to help such startups achieve the success they are after."

Representatives from Etelos, as well as the visiting companies, will be on hand to answer questions during the Web 2.0 Expo as well. For a full list of the visiting companies, please visit www.webmission08.com.

About Etelos, Incorporated

Etelos provides on-demand browser-based applications on the hosting environment that you choose. Etelos technology for developing and deploying on-demand applications is revolutionizing the world of software distribution. The Etelos Marketplace gives developers an easy way to license, distribute and host their applications, and businesses a wide selection of fully customizable, on-demand applications. Etelos, Etelos CRM, Etelos Projects, and Etelos Marketplace are trademarks of Etelos, Incorporated; other trademarks are the property of their respective owners. For more information about Etelos, please visit www.etelos.com.

About Web Mission 2008

Web Mission 2008 sees 20 UK Web 2.0 companies traveling to San Francisco to explore new opportunities for growth with key people in Silicon Valley. This event will showcase innovative UK web talent, seek meaningful assistance for companies ready for expansion, and provide a platform for those involved to gain valuable media and business exposure. Web Mission 2008 had an overwhelming response with over 100 companies applying. The applications were reviewed by Doug Richard, Mike Butcher and UKTI, and they were really impressed with the quality of the applications. In the words of Doug Richard, "some of these companies are as good as anything coming out of the Valley", while lead sponsors US/UK law firm Heller Ehrman said "The sheer volume of applicants provides convincing evidence of the depth and breadth of emerging growth technology companies in the UK. The shortlist of companies selected demonstrates that the UK is able to produce credible web businesses."

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Etelos' business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties. Forward-looking statements include, among other things, statements concerning the company's partnership with any participants in Web Mission 2008, the future financial performance of our company, the acceptance of our products and services, the success and timeliness of our product and platform roll-out and other statements qualified by words such as "anticipate,"believe,"intend,"may" and other words of similar import. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation: For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's reports that Etelos files periodically with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and Etelos undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.





Etelos to Feature Twenty Startups Participating in Web Mission 08 During the Web 2.0 Expo