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Aftek selected for Red Herring Small Cap 100 awards as one of the 200 companies.

Red Herring, (www.redherring.com), a renowned, US-based, Media company covering innovation, technology, financing and entrepreneurial activity, has selected Aftek Ltd. as one of the 200 companies, world-wide, for the Red Herring Small Cap 100 awards. Many modest-sized companies, with market capitalization between US$ 300 million to US$ 1 billion, contribute to most of the technological innovations and economic growth. These, otherwise unheralded companies, are lesser known to the International Analysts, Investors and Media communities. Red Herring therefore creates a list of 100 such companies every year to highlight the promising companies and the people who drive them.

Please visit http://www.herringevents.com/rhfall05/index.jsp?section=rh100finalists to check the list of 200 Small Cap companies, that includes Aftek Ltd. Aftek happens to be the only Indian company to make it to this list.

We believe that this is a great recognition of Aftek's unique technological vision and innovative business model. Aftek has always distinguished itself, amongst its peers, as a technology-driven company, offering Intellectual Property (IP) based Products, Solutions and Services. Aftek's Out-of-the-box approach to business has thus been highlighted by inclusion in Red Herring's list.

Red Herring has arranged a conference to give away these awards and to bring these companies and their executives together.

You can find details at: http://www.herringevents.com/rhfall05/index.jsp?section=about.

Aftek would be participating in this conference. Aftek's CEO, Mr. Ranjit Dhuru, would be participating in the roundtable session, titled 'Opportunities in the East', at this conference between 1815pm and 1900pm on Wednesday, 14 th December'2005. You can find details at http://www.herringevents.com/rhfall05/index.jsp?section=agenda.