SOURCE: Eastern Services Holdings, Inc.

January 22, 2008 09:41 ET

Eastern Services Holdings, Inc. Finalizes Its Merger by Changing Name to Fund.com Inc and Completes Stock Dividend

NEW YORK, NY--(Marketwire - January 22, 2008) - Eastern Services Holdings, Inc. (OTCBB: ESVH) today announced it has changed its name to Fund.com Inc to reflect its newly acquired business in a reverse merger with privately held Fund.com Inc that was filed with the SEC on January 16th. In addition to the change of name, the previously announced stock dividend was completed and took effect on January 15, 2008.

Fund.com Inc ("Fund.com") intends to operate an Internet-based financial publishing, online advertising and content licensing business focused exclusively on the investment fund industry. Fund.com owns the highly marketable and easily remembered Internet domain name www.fund.com which will host the company's intellectual property and content.

Fund.com is now offering visitors to www.fund.com a free subscription to EQUITIES Magazine.

About Fund.com

Fund.com is an online publisher focused on the financial information sector, particularly the $22.6 trillion fund market. Fund.com plans to make available fund Indexes, trademarks and intellectual property to third party providers in exchange for licensing fees. For individual investors, Fund.com plans to be a source of information regarding investment funds, including mutual funds, hedge funds, money market funds, exchange traded funds, closed end funds, commodity funds and other types of pooled investment vehicles. For banks and financial institutions, Fund.com intends to offer licensing agreements for branded customized indexes used to construct investment products such as ETFs or Index-linked bonds, and in exchange for online advertising success-fees, Fund.com plans to connect product providers with new clients.

Safe Harbor Statement

This news release contains various forward-looking statements which consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "may," "expect," "anticipate," "estimate," "plan," "continue" or the negative thereof or other variations thereon or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements.

We caution that these statements are further qualified by important factors that could cause actual results to differ materially from those contained in the forward-looking statements, that these forward-looking statements are necessarily speculative, and there are certain risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements. These risks and uncertainties include those set forth from time to time in our filings with the Securities and Exchange Commission. We are under no obligation, and do not undertake any duty, to update these forward-looking statements at any time.

Contact Information