Shanghai, China and Foster City, CA — September 4, 2007 — Augmentum, www.augmentum.com, a leading provider of offshore outsourcing for software products and IT application development, today announced that they have been recognized as one of the "New Champions" chosen to attend the World Economic Forum's First Annual Meeting of Global Growth Companies, "Summer Davos", in Dalian, China on Sep 6-8th. This event, with over 1,700 participants, will focus on the role the new generation of fast-emerging multinational companies — the "New Champions" — is playing in substantially changing the global business landscape.

Augmentum's rapid growth from its founding four years ago to the 1,250 employees worldwide today, their unique culture of management innovation in outsourcing, and their set of world class customers such as Microsoft, Intel, and Motorola, place the company firmly in the leadership ranks of the New Champions.

"New companies are always emerging. They are more flexible and adapt better to the changing business reality. These companies are successful because they challenge the status quo — they create change and drive their whole sector forward. We call them the New Champions. — This inaugural meeting will create a powerful platform for interaction and collaboration between traditional and new actors, between East and West", The World Economic Forum announced earlier this year.

Dr.Leonard Liu, Chairman and CEO of Augmentum, said, "Summer Davos" in China provides a forum for leaders worldwide to learn together how to mobilize global resources to make our world a better place. Dr.Liu, as a global business thought leader, will be one of the discussion leaders within the session entitled Strategy: Translating the Plans into Action.

The "New Champions" CEOs will be joined by international government leaders, leaders of the world's most competitive cities and the fastest growing regions and states, as well as gurus of the Web 2.0 world.

About Augmentum
Augmentum provides outsourcing leadership for innovation. 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 and Beijing in China and in Foster City, California. The company has grown to 1,200 people in China out of 1,250 worldwide in four years since its founding and won the inaugural Red Herring Asia Top 100 award in 2005, the Risk Management award at the China Outsourcing Summit in 2006 and Global Services 100 in 2007. For more information, please visit www.augmentum.com.

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