Entertainment Gateway Group, a fully-owned subsidiary of leading telecommunications company Globe Telecom, was named 2012 Red Herring Top 100 Asia awardee, becoming the only Philippine private corporation to land in the list this year, a press release from Globe said.

Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs in the region.

Red Herring editors were among the first to recognize that online websites like Facebook, Twitter, Google, Yahoo!, Skype, YouTube, and eBay would change the way people live and work, the press release said.

We believe that EGG embodies the vision, drive and innovation that define a successful entrepreneurial venture.EGG should be proud of its accomplishment, as the competition was strongest as it has ever been, Alex Vieux, publisher and CEO of Red Herring said.

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.

This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia, the press release said.

Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums.It provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy, it added.

EGG specializes in value-added services that enhance the consumer’s digital lifestyle as well as provides support for mobile operators and solution vendors so that they can continuously evolve with the customers.

It also offers a wide array of mobile content and has pioneered several firsts in the Philippine market such as mobile karaoke, call collect, group-sponsored texting, personalized tones, video avatars, and vanity codes, the press release said.*

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