Strong revenue growth advances the company from number 38 to number 29 in Babson College/Commonwealth Institute study

Cambridge, MA, – January 2008 - Bitstream Inc. (NASDAQ: BITS) today announced that a research study co-developed by The Center for Women's Leadership at Babson College and The Commonwealth Institute has named Bitstream as one of the Top 100 Women-Led Businesses in Massachusetts. The report, released in December 2007, includes data from 177 women-led firms and details the successes and contributions that companies led by women have made to the state’s economy. Bitstream placed 29 on the list of companies, making it the highest ranking software company and the fifth-highest ranking publicly-traded company included in the study.

The Top Women-Led Businesses in Massachusetts: 2006 Results study found that women-led businesses are key drivers of Massachusetts’ revenue and employment. In total, the companies reporting revenues in the survey generated $10.2 billion and employed more than 24,000 people in Massachusetts.

The study also notes the growth-oriented focus of women-led businesses. While the statewide growth rate in 2006 was 3.3 percent, more than 60 percent of woman-led firms in Massachusetts grew by more than five percent and almost 80 percent grew by at least one percent. During that time, Bitstream, under the leadership of Anna Chagnon, grew its revenue by 29 percent and surpassed the $20 million annual revenue mark for the first time since becoming a publicly-held company.

According to Anna Chagnon, President and CEO of Bitstream, Inc. “Our company has enjoyed record growth over these past couple of years and it is gratifying to see that success reflected in our position on this list of women-led businesses. We are honored to be included with these exceptional companies.”

When commenting on the study, Nan S. Langowitz, Director of the Center for Women’s Leadership at Babson College and chief researcher and author of the study, stated: “The study uncovers valuable business lessons that we can all learn from. These women CEOs are committed to building strong and thriving organizations for the long haul; their businesses are major engines of growth for the economy and key sources of philanthropy for the community.”

Source: Bitstream