Rapid Growth to Nearly 1,000 People Drives Need for New Facility

Shanghai, China and Foster City, CA — Aug 8, 2006 — Augmentum's rapid growth and business development has prompted the opening of a new R&D center in Beijing. Located in the Zhongguancun Science Park of Beijing, the offices comprise approximately 15,000 sq. feet of space to support Augmentum's growth in the area.

"As our customer base of multinational and Chinese customers grows, Augmentum will expand our development locations throughout China to access additional human resources and serve our customers,” explained Frank Yu, President and COO. “Augmentum’s business continues to grow and we now have close to 1,000 people worldwide, providing software services to clients in North America, China, Japan and Southeast Asia. Our capabilities to perform work high on the value chain allow our clients to use our distributed development teams for more than cost savings. Augmentum teams decrease time-to-market, manage workforce fluctuations and changes in skill set requirements, and serve as a ground force for clients to establish and operate a local market presence in fast-growing market segments in Asia."

Augmentum offers the entire scope of software services, ranging from simple manual QA and test automation to development, complex system architecture & design, and user experience/UI design - at actual China costs. Augmentum is committed to becoming the best software services provider in the world. Fortune 500 companies, including Intel, Motorola, Microsoft, Business Objects, and Cadence Design Systems,have relied on Augmentum to develop and test their complex software.

About Augmentum
Augmentum offers value-added software development services to its customers worldwide. Augmentum engineers augment their clients' teams as an extension, utilizing leading edge development tools and technologies, as well as proven processes, to create commercial-quality software. The management team has decades of collective experience outsourcing commercial software and solutions. Augmentum, Inc. is headquartered in Shanghai, China and Foster City, California with additional facilities in Beijing. The company has grown to almost 1,000 people worldwide in three years since its founding in 2003 and won the inaugural Red Herring Asia Top 100 award in 2005. For more information, please visit www.augmentum.com or call (650) 578-9221.

Contacts:
China: Belinda Qin
011.86.21.5131.4277 ext. 431
belinda.qin@augmentum.com

USA: Lisa Carnochan
650.578.9221 ext. 104
lisa.carnochan@augmentum.com