Crowdsourcing Design Company DesignBay Raises Capital and Acquires DesignCrowd

SYDNEY, November 24 - Crowdsourcing design company DesignBay has raised capital from a
syndicate of angel investors and has acquired and merged with US website
DesignCrowd.com.

DesignBay, an online graphic design crowdsourcing company, has acquired
and merged with US freelance design website DesignCrowd (
www.designcrowd.com). DesignBay has been growing at an average of 21%
month on month for the last year, highlighting the strength of its
crowdsourcing business model, and the new entity now boasts over 12,000
graphic designers and studios from around the world.

The acquisition has been funded by a group of investors, backing the
business through a significant private investment, equipping the combined
entity for even further significant growth.

The combined company will be known as DesignCrowd (
www.designcrowd.com) and will allow people to 'crowdsource' a range of
creative services from logo design (logo.designcrowd.com) to t-shirt
(tshirt.designcrowd.com) to poster design (
poster.designcrowd.com).

Alec Lynch, managing director of the combined entity, says "crowdsourcing
is essentially outsourcing on steroids" and DesignCrowd will offer "more
powerful, higher quality and sustainable crowdsourcing by attracting higher
caliber design talent and offering thousands of participation payments each
month to offer a fairer and more sustainable form of crowdsourcing."

DesignBay's ability to raise capital and achieve rapid growth during the
downturn highlights the success of its business model. Alec Lynch says
"crowdsourcing is even more attractive during a downturn as it reduces risk
and cost for the buyer while providing opportunities for designers to expand
their client base and utilize their spare time."

DesignCrowd is planning to expand upon its crowdsourcing services and if
it can continue to grow at its current rate will have 70,000 designers by
June 2010.

Background Information About DesignCrowd

DesignCrowd (www.DesignCrowd.com; formerly DesignBay) is a leading
crowdsourcing marketplace for creative services, logo, web and graphic design
that helps businesses get ideas and creativity from around the world.
DesignCrowd clients include Shell Oil and HI-TEC shoes and over 12,000
graphic designers and design studios from the US, UK, Canada, India and
Australia.

Alec Lynch, Managing Director DesignCrowd, +1-408-512-1420 or +44-(020)-3286-3250 or +61-2-8006-2550, alec.lynch at designcrowd.com