SOURCE: Netspace

November 26, 2007 10:55 ET

/ CORRECTION - Netspace International, Inc.

AVENTURA, FL--(Marketwire - November 26, 2007) - In the news release, "Netspace International Completes Acquisition of the Singlefin Group, Inc.," issued earlier today by Netspace International, Inc. (PINKSHEETS: NSIH), we are advised by the company that the headline should read "Netspace International Enters Into Letter Of Intent to Acquire 100% of Singlefin Group Inc." Additionally, significant changes have been made to the text, supporting the corrected headline. Complete corrected text follows.

Netspace International Enters Into Letter Of Intent to Acquire 100% of Singlefin Group Inc.

AVENTURA, FL -- November 26, 2007 -- Netspace International, Inc. (Netspace) (PINKSHEETS: NSIH) is pleased to announce that it has signed a Letter Of Intent regarding the acquisition of The Singlefin Group.

The Singlefin Group, Inc. is a holding company and emerging brand incubator focused on the action and lifestyle sports industry. The Company's mission is to acquire, invest in, develop and nurture emerging growth brands in the explosive action sports industry. Singlefin brands will focus on the surf, ski and snowboard, and skateboarding markets brimming with 60 million consumers nationally, providing a $250 billion market.

Once the acquisition is complete, Netspace plans to gain market share in the action sports industry by embedding Singlefin's brands into the surfing and urban communities through targeted marketing initiatives. The Company plans to meet this niche market's needs by providing a large inventory of products and brands, a unified social networking and eCommerce platform, and above standard media rich in design, content, and dissemination.

With its experienced management team, internet marketing and franchising capabilities, Netspace plans to successfully leverage the Singlefin brands and increase shareholder value through market penetration and generated revenues.

"The Singlefin acquisition is a key move in carrying out our new business strategy," says Neil Swartz, Netspace CEO. "We are excited to move into the action sports arena and provide this niche market with quality products and new media. With Netspace's assets and Singlefin's brands, we are confident that we can fulfill this dynamic market's needs."

Netspace is currently going through the Due Diligence process and hopes to see the acquisition of The Singlefin Group, Inc. completed fairly soon.

Further Information

Shareholders and prospective investors are encouraged to call Investor Relations toll-free at 1-866-511-1147 to receive detailed information about Netspace.

About Netspace International Holdings, Inc.

Netspace International Holdings is comprised of two wholly owned subsidiaries: 1. Netspace Franchise International, responsible for all franchise operations for Internet Marketing opportunities, and 2. Netspace Ventures, providing services for select qualified companies in exchange for equity. Netspace's recent acquisition of Birch Capital Group allows the Company to leverage Birch's merchant banking expertise and relationships for future expansion opportunities.

About Singlefin Group, Inc.

The Singlefin Group, Inc. is holding company and emerging brand incubator focused on the action and lifestyle sports industry. The Company's mission is to acquire, invest in, develop and nurture emerging growth brands in the explosive action sports industry. With offices in Portland, Maine, the company is located in the untapped region of the northeast with tremendous market penetration regionally and quickly becoming nationally recognized.

Forward-Looking Statements

The foregoing press release may contain forward-looking statements, including statements regarding, among other things, about the expectation of Netspace International's future business that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward looking statements as a result of a variety of factors including, among others, the state of the economy, the competitive environment, and the Company's performance. In light of these risks and uncertainties there can be no assurances that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

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