Press Release NOV.16.2004

Edmonton-based leader in virtual agent software recognized for growth potential among world’s most innovative companies.

EDMONTON, AB, Canada

CodeBaby Corp, a leading developer of web-based virtual agent software, announced today that the editors of Red Herring, the premier magazine for business technology and innovation, has named CodeBaby as one of 200 companies short listed to receive the Red Herring Top 100 Innovators of the Year award for 2005. CodeBaby is one of only nine Canadian companies to make the list of finalists, and is the only Alberta-based company to do so. The finalists were chosen from more than 1,200 entries worldwide.

The Red Herring 100 sets the standard as the industry’s definitive list of private technology companies impacting the market place. Having successfully completed a rigorous selection process which is weighted to reflect the reality of survival in today’s challenging marketplace, CodeBaby was recognized by Red Herring editors as highly qualified to make a lasting impact on the industry.

“The quantity and depth of submissions,” said Joel Dreyfuss, Editor-in-Chief of Red Herring, “for the list of the Top 100 Innovators shows that imagination and creativity are alive and well in the world of Technology.” The full list of finalists can be found at: http://www.redherring.com/EventsRhfFinalists.aspx.

“This is truly an honor for our entire team,” said Shaheel Hooda, CEO of CodeBaby. “Red Herring is one of the most influential names in both the global business and technology communities, and it’s gratifying to see them put CodeBaby alongside such names as Google, IBM and Adobe. Having them recognize CodeBaby confirms what our customers, partners and investors already understand - our solution is one of the most innovative in the world today and has tremendous business value.”

Winners of the prestigious Red Herring Top 100 Innovators award will be announced at the Red Herring Fall Conference in Monterey, California on December 6, 2004.

About CodeBaby Corp.

CodeBaby is a leader in Web-based virtual agent technology, and enables corporations to integrate state-of-the-art, interactive 3D assistants into their Web sites, on-line services, or software applications to provide customer support, sales help, or even training assistance. CodeBaby’s virtual agents improve a company’s ability to interact with its customers cost-effectively, offer a higher level of on-line customer service, and make technology more enjoyable and easier to use. CodeBaby’s virtual agents are valuable to a wide range of industries and services including telecommunications, banking, software and hardware, eTailing, eGovernment, consumer products, etc. CodeBaby was also named to the Branham Group’s “Top 25 IT Up & Comers” list earlier in 2004. Additional information about CodeBaby is available at http://www.codebaby.com.

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