Investing Social Network Launches $10,000 Student Contest

UpDown.com contest might uncover the next Jim Cramer or Warren Buffett on Campus

BOSTON, MA, March 1, 2008 –UpDown.com, the leader in social networking for virtual investing, today announced The UpDown.com $10,000 Student Investment Contest. Providing college students with the chance to be discovered as the next Jim Cramer or Warren Buffet, UpDown.com’s student investment contest begins today at www.updown.com, and is open to all US and Canadian undergraduate and graduate students.  A total of twenty students—ten in the portfolio performance category and ten in the stock analysis category—will be awarded with prizes totaling $10,000 following the close of the competition on Saturday, May 31, 2008.

"This contest is particularly exciting for students who are interested in launching careers in finance, because it offers them an unprecedented way to demonstrate their investing talent to recruiters and potential employers,” says Michael Reich, CEO and Co-Founder, UpDown.com. “Additionally, the contest provides a no-risk opportunity to earn some real money—which nearly all students can use.”

The UpDown.com $10,000 Student Investment Contest follows the success of company’s original student investment contest, which took place last fall and attracted students from nearly 400 different colleges and universities across the United States.

In order to enter the contest, students are required provide a valid student email address and create a free profile at www.updown.com. Entrants will be evaluated based on the relative returns of their $1 million virtual portfolios, which will be compared against the performance of the S&P 500 from the student’s date of entry into the contest.

Entrants are also invited to write qualitative stock analyses predicting the value of a particular stock. All analyses will be evaluated by the UpDown.com community and must receive a “4-star” quality rating in order to be eligible in the competition. All eligible analyses will be ranked according to the gain/loss percentage of the underlying stock and a panel of expert judges will read the top 50 analyses and rank the top ten in terms of strength.

For more information about the UpDown.com $10,000 Student Investment Contest please visit www.updown.com.

About UpDown.com

UpDown.com is the leading social platform for virtual investing. In addition to giving members $1,000,000 in virtual money to invest, UpDown.com provides a platform for investors to improve their skills through collaboration, competition and aggregated wisdom. Described by major media outlets as “fantasy football meets the trading floor,” UpDown.com is the only free investment platform that allows members to earn money with zero risk of financial loss. Founded by three Harvard entrepreneurs, UpDown.com is a privately held, privately funded company headquartered in Cambridge, Massachusetts. For more information, visit www.updown.com.