GP Bullhound Media Momentum Awards 2010 Names GoAdv 4th Fastest Growing Larger Digital Media Company in Europe

DUBLIN, June 2, 2010 - The results of this year's GP Bullhound Media Momentum Awards
2010 have been announced and GoAdv has been named as the 4th fastest growing
larger digital media company in Europe (www.goadv.com).

GoAdv is a leader in pan-European online publishing with a
network of over 500 websites that include Excite Europe, Better Deals, Nano
Publishing and Blogosfere. Collectively the group has over 16.5 million
monthly visitors and has doubled its revenue growth year on year for the
first 4 years since launch in 2004, recently reporting 2009 revenues of
EUR42.2M.

"Recognition as the 4th fastest growing larger digital media
company in Europe is a great honour for us", commented Luca Ascani,
President, GoAdv Group. "We have been experiencing encouraging organic growth
through development of our products and services, alongside additional
expansion into new territories. We have also undertaken a series of strategic
acquisitions to enhance our overall portfolio of media brands. We are
delighted to have been awarded such a prominent position in this year's Media
Momentum Awards and are looking forward to an exciting 2010."

The 2010 judging panel was made up of senior digital
executives including Martha Lane Fox, the founder of Lastminute.com and the
former government's digital tsar, Kristian Segerstrale, the chief executive
and founder of Playfish and Seb Bishop, the chief executive of Red.

There were seven categories of award: fastest growing company,
fastest growing larger company, best management award, best execution award,
uniqueness of offering, vision and future growth potential award and the
judges awards. GoAdv's accolade as 4th fastest growing larger company with an
average of 81% growth year on year in the last 3 years.

For the full version of Media Momentum Top 50 league table and
further details of the Media Momentum Award winners and past winners, please
visit: www.mediamomentum.co.uk

Premium Sponsors of the GP Bullhound Media Momentum Awards
2010, now in their 6th Year are Schroders Private Banking, Acton Capital
Partners and law firm Kemp Little, Grant Thornton is an award sponsor.

Notes to Editors:

About GoAdv

The GoAdv Group is Europe's 4th fastest growing larger digital
media company (GP Bullhound Media Momentum 2010). Created in 2004 the Group
crowdsources, distributes and monetizes over 15,000 items of compelling,
multilingual content per month for a wide network of 500+ fully owned and
operated websites including Excite Europe, Better Deals and the
Nanopublishing network. The media properties generate over 20 million unique
monthly users (Source: Comscore Jan 2010).

GoAdv is a pan-European company and has a staff of over 140
working across offices in Italy, Ireland, and Asia, active in the UK,
Germany, Netherlands, France, Italy, Spain, Sweden, US, Australia, Russia and
Brazil.

www.goadv.com

About GP Bullhound

With offices in London and San Francisco, GP Bullhound is a leading
investment banking firm providing advice on mergers & acquisitions and
institutional capital-raising to emerging growth companies in the Technology
sector.

The firm was established in 1999, and has completed over 90 M&A and
Private Placement transactions since its founding. Comprised of some of the
most experienced technology advisory professionals, our long track record and
dedicated approach has helped us establish a leading global position. We have
strong domain expertise in the areas of Internet and Digital Media, Software
and Services, and CleanTech and Hardware, where we focus on providing
preeminent advisory services to some of the best entrepreneurs, management
teams and investors around the globe.

Contact: GoAdv, Amanda Lorenzani, Head of Communications, Email: lorenzani at goadv.com, +44-7900-255-970