Media Contact: (Suresh Kumar, CEO, Ph# 732-494-4944; Usha Agarwal, VP, Ph# 732-494-4944)

NexAge Technologies USA Inc Named as one of the Nation’s
“50 Fastest-Growing Asian American Businesses”
by the Pan Asian American Chamber of Commerce Education Foundation

(May 9, 2008; Washington, DC )—NexAge Technologies USA Inc, www.nexageusa.com, a specialty IT Services firm based in Iselin, NJ, has been named by the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC-EF) as one of its 50 Fastest-Growing Asian American Businesses. The official announcement will be made during the 23rd Anniversary CelebrAsian Annual National Business Opportunity Conference ‘08, on May 27-29 at the Hilton Washington hotel in Washington, DC . A special presentation will take place at The White House on May 28, 2008 and at the Excellence Awards Gala Dinner at the Hilton Washington the same evening.

Commenting of the recognition, Dr. M.V. Pillai, Chairman of NexAge Technologies said “It is a matter of great pride and pleasure to all of us connected with NexAge to know about this distinction conferred on our firm by the USPAACC-EF. At a time, the world is fast becoming flat and a level playing field, it is refreshing to watch an Indian American enterprise match U.S companies stride for stride in its pursuit of excellence. NexAge’s success is built on three pillars; patience of its esteemed investors, perseverance of its management, and professionalism of its employees. I congratulate Mr. Suresh Kumar, CEO and his dynamic team for achieving this symbolic milestone in the growth of our company.”

Suresh U. Kumar, founder and CEO of NexAge remarked “We are delighted to be recognized by the USPAACC-EF as one the 50 Fastest-Growing Asian American businesses in the . It is a testament to the trust the shareholders has placed in us, the effective development of leadership skills as a strategic advantage the hard work and skill of our employees. This award truly is recognition of TEAMWORK at its best and also is a victory for the spirit of entrepreneurial enterprise that makes the the best place on the face of the earth to start and grow a new business, regardless where you come from”

“We congratulate our 50 Fastest-Growing Asian American Businesses for generating robust growth over the years—yet another indicator that through innovation, hard work and ingenuity, Asian Americans are at the forefront as engines of growth in our national economy,” said USPAACC-EF National President & CEO Susan Au Allen.

To qualify for the ranking, companies must be owned by one or more Asian Americans (at least 51% ownership), among other eligibility criteria. Based on percentage revenue growth over three years, selection was determined through direct applications and nominations. All finalists and winners were independently verified by the accounting and consulting firm of BDO Seidman, LLP.

The Conference connects the largest number of Asian American suppliers with buyers from Fortune 500 corporations, the Federal government and small/minority-owned business community. Through pre-scheduled one-on-one matchmaking meetings, participants learn about contract opportunities in the era of globalization and outsourcing, different procurement trends and requirements to enhance competitiveness in the marketplace.

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About NexAge Technologies USA Inc: NexAge Technologies USA Inc, founded in 1999 is a specialty IT services that provides consulting services in the area of Compliance and Validation to the Life Sciences and Financial services Industry. NexAge also has a proven track record as a developer of customized business applications and a provider of Strategic IT Staffing services to major corporations all across the . The company has leveraged its leadership competency, people and process skill to create distinct competitive advantages that has helped keep the company ahead of competition.  Some of the company’s clients include Fidelity Investments, Phillips, Med Immune and Public Health Institute, CA.

About USPAACC-EF: The Pan Asian American Chamber of Commerce Education Foundation (USPAACC-EF) was formed in 1984 as a national, non-profit organization representing all Asian Americans and Asian American-related groups in business. USPAACC-EF promotes nurtures and propels economic growth by opening doors to contract, educational and professional opportunities for Asian Americans and their business partners in corporate , the federal government, and the small and minority business community in the U.S. & Asia. Headquartered in Washington, DC, USPAACC-EF has a nationwide reach through Regional Chapters in Northern and Southern California, New York, Texas, Illinois, , and Washington, DC-Maryland-Virginia in the National Capital Area.