PlaySpan named Gaming Category Winner at 2009 OnHollywood 100 Conference

Mumbai, May 2 (ANI/Business Wire India): PlaySpan, the leader in monetization solutions for online games, social networks, and virtual worlds, today announced that it has been selected as the Category Winner among this years OnHollywood 100 list of companies within the gaming category.

PlaySpan was selected by the AlwaysOn editorial team based on demonstration of growth, market opportunity, quality of innovation and customer traction.

"We are humbled by the Category Winner award and glad to see that our one- stop 360°monetization platform is driving higher conversions and ARPU for our publishers and developers, as well as providing an easy-to-use experience for gamers," said Karl Mehta, Founder and CEO of PlaySpan.

PlaySpan and the other OnHollywood 100 winners were recognized at OnHollywood, April 27-29 at The Sofitel Hotel in West Hollywood.

OnHollywood is where cutting- edge technology CEOs from the back streets of Silicon Valley meet the Hollywood digital entertainment and media elite.

The OnHollywood 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists and industry insiders.

The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2009 list.

PlaySpan's award comes on the heels of the company's recent acquisition of Spare Change, the leading micropayments service for social networks, and a recent partnership agreement with hi5 to power microtransactions across the social network's 62 million member community. (ANI)