CRF Inc. Short-listed as a Finalist for the ''Red Herring 100 Europe'' Awards.

LONDON -- E[acute accent]Selected for the Red Herring 100 Europe in 2005, eDiary leader is again recognized among the top privately held technology companies in Europe for continued growth and industry leadership

E[acute accent]Red Herring announced that CRF, Inc. has again been short-listed as one of the finalists for its annual "Red Herring 100 Europe" list. Well over 700 privately held technology companies were evaluated for this year's edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem. CRF was selected for the Red Herring 100 Europe list in 2005.

E[acute accent]High-quality companies

E[acute accent]"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to choose from in putting our list together," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "It was difficult to choose the Finalists and we are very happy with the stellar quality of the companies on this short-list." E[acute accent]"Being selected as a Red Herring 100 finalist again is a great honor," said Pam McNamara, CEO of CRF Inc. "Since CRF's founding, we have worked to drive the transition to paper-free clinical trials. This recognition from Red Herring is a testament to our history of industry leadership as well as our growth and successes in 2005, a year in which we doubled our revenue. This distinction will help CRF to further promote the importance of developing advanced technology for electronic patient reporting in clinical trials."

E[acute accent]More than just buzz

E[acute accent]The "Red Herring 100 Europe" award is an important part of Red Herring's tradition of recognizing new and innovative technology firms and their entrepreneurial founders. CRF, Inc. and the other nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential complemented by a review of the actual track record and standing of a company allows Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

E[acute accent]Bringing together the best

E[acute accent]As part of this tradition to honor innovation and entrepreneurship in the business of technology, Red Herring will again host "Venture Market Europe," a two day invitation-only summit for the CEOs and founders of the Red Herring 100 Winners and Finalists in Paris, France. The summit's C-level attendees will convene under the theme "Old World, New Hope: 100 Reasons to Believe in Europe's Innovative Edge." to discuss major trends and opportunities and to forge partnerships, alliances, investments, and M&A activities. Further information regarding the event and how to register is available at http://www.herringevents.com/rhvme06.

E[acute accent]About CRF Inc.

E[acute accent]CRF Inc. is the leading global provider of electronic Patient Reported Outcomes (e-PRO) and wireless data collection solutions for the biopharmaceutical industry. Through innovative technology and a thorough understanding of drug development and mobile computing, the company is driving the change to safer and more efficient paper-free clinical trials. CRF Inc.'s technology has been used by more than 100,000 patients across 58 countries in 57 languages for 32 indications. The company has demonstrated the industry's highest patient compliance rates -- an average 95 percent compliance through Phase I, II, III and IV clinical trials -- and unmatched patient and research site acceptance. E[acute accent]CRF Inc.'s award-winning product, TrialMax(TM), is a flexible and customizable e-PRO technology that provides real-time patient monitoring, outstanding data accuracy and increased safety. Its unique features enable clinical trial sponsors to collect more valuable data faster and conduct complex clinical trials with greater flexibility than other e-PRO solutions. CRF Inc.'s experience combined with its dedication to ensuring the highest quality and most responsive customer service has made the company the biopharmaceutical industry's most trusted partner.

E[acute accent]About Red Herring

E[acute accent]Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.