Shift Labs Participates in Third Annual Ukrainian Outsourcing Forum

Kiev, Ukraine: October 28, 2006

Shift Labs CEO Miron Balyasny, Ukrainian Director Mark Zheleznyak and VP of Product Development Boris Iomdin both attended the 2006 Ukrainian Outsourcing Forum held from the 26th – 27th of October in Kiev. The third annual forum is dedicated to strengthening Ukraine’s reputation as a top offshore IT services destination and building on recent market growth.

The forum brought together companies from over 15 countries including the United States, Germany, France and Norway to create a unique platform for making connections with potential partners and customers. The two day forum also featured several panel discussions and keynote addresses tat provided insight on the current state of the Ukrainian IT market.

After the conference Miron said “Its amazing to see how much this conference has grown in just a years time, there are more foreign companies here and they are showing tremendous interest in Ukrainian IT market. This is sure to continue into the future as customers evolve their offshore strategies and Ukrainian firms grow their capabilities.”

About the Ukrainian Outsourcing Forum

The 2006 Ukrainian Outsourcing Forum is aimed at development of cooperation between Ukrainian and foreign companies as well as presentation of possibilities of Ukraine as of a country with high production and scientific potential in Software development. For more information please visit http://www.outsourcing-forum.com.ua/

About Shift Labs

Shift Labs is an offshore software development firm headquartered in the United States with R&D centers in Ukraine that employ highly experienced and industry recognized experts. Shift Labs offers a proven outsourcing model that is focused on transparent processes, providing diverse specialist skills and the ability to translate those factors into high quality deliverables. Unlike other outsourcing vendors who focus on development of non-core applications, Shift Labs has the resources and expertise to solve complex technology problems and create differentiating intellectual property (IP) for clients. For more information please visit www.shiftlabs.com