Laos - XY Mobile has been nominated for a prize for its work on providing mobile phones and tablets with local language

[webwire] The Red Herring selection committee has chosen XY Mobile, as an exceptional candidate to become a 2011 Red Herring 100 Asia Finalist.

Vientiane, Laos PDR, 27 July, 2011: The Laos company, XY Mobile, who provides affordable mobile phones and tablets with local language, and services has been selected by the Red Herring selection committee as an exceptional candidate to become a 2011 Red Herring 100 Asia finalist.

Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring were among the first recognizing companies such as Facebook, Twitter, Google, Yahoo, Skype, YouTube, and eBay would change the way we live and work.

“We are very proud to have been chosen as an exceptional candidate for the Red Herring Asia list,” says Anousak Souphavahn, Managing Director, XY Mobile Company limited.

“This recognition could not have come at a better time. We are working hard on getting an investor to join XY Mobile in order to keep up with the demand for our products.”

XY Mobile Co., Ltd is a Joint Venture between the Lao company Xangdao Co., ltd and the Thai company Yozzo Co., ltd. The company aims to bridge the digital divide by providing mobile phones and tablets with local language, giving the users access to communication, education, information, and entertainment in their own language.

Red Herring’s editorial staff evaluates companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration, which make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia. The candidate list will be narrowed down from candidates across Asia to a final Asia Top 100 Winners in September.

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