UpDown.com Announces Winners of Its Popular Investing Contest

Contest Attracts More than 11,000 Students

BOSTON, MA, June 4, 2008 – UpDown.com, the leader in social networking for virtual investing, today announced the winner and finalists in its popular student investing competition. A total of twenty students—ten in the portfolio performance category and ten in the stock analysis category—have been awarded with prizes totaling $10,000. The contest attracted 11,000 students from colleges across the United States.

"The popularity of the student investing contest is a testament to the desire of students to become more knowledgeable about the stock market without the financial risk,” said Michael Reich, CEO and co-founder of UpDown.com. Students across the country have realized that this contest offers them a great way to demonstrate their investing talent to recruiters and potential employers while earning money to pay for college expenses.”

The top five prizes in both categories went to the following students:

Top Performers in Stock Performance Category:

• Eddie Aprahamian, Ohio State University, $1500.
• Matthew Liszewski, Ohio State University, $1000.
• Beth Kaufman, Carthage College, $500.
• Judith Belote, Northwestern, $250.
• Joe Patton, Grand Valley State University, $250.

Top Performers in Stock Analysis Category:

• Kundik Batyrbekov, Harvard College, $1500.
• Eric Bierman, Washington University, $1000.
• Nick Mole, Lehigh University, $500.
• Eric Delamarter, Columbia GSB, $250.
• Joe Anastasio, University of Pennsylvania, Wharton School of Business, $250.

Students who participated in the contest were evaluated based on the relative returns of their $1 million virtual portfolios, which were compared against the performance of the S&P 500 from the student’s date of entry into the contest.

Entrants were also invited to write qualitative stock analyses predicting the value of a particular stock. All analyses were evaluated by the UpDown.com community and must have received a high rating in order to be eligible in the contest. All eligible analyses were ranked according to the gain/loss percentage of the underlying stock and a panel of expert judges read the top 50 analyses and ranked the top ten in terms of strength.

As a result of the contest’s growing popularity, UpDown.com has launched the summer UpDown.com $10,000 Student Investment Contest. Students interested in registering, visit www.updown.com.