SOURCE: PlanetLink Communications, Inc.

October 29, 2007 15:28 ET

PlanetLink Announces LOI to Acquire DnC Multimedia, Inc.

CUMMING, GA--(Marketwire - October 29, 2007) - PlanetLink Communications Inc. (OTCBB: PLKC) announced that its subsidiary, PlanetTRAKS, Inc., has signed a letter of intent to acquire DnC Multimedia, Inc., a Delaware corporation and successor to South Korean company DnC Tech, Inc. ("DnC").

"The Pluginz business has been working on an acquisition of DnC for some time. We intend to exploit the synergies between DnC and Pluginz as a foundation for building a great media technology company. With DnC's strength in hardware design and manufacturing and Pluginz' Web 2.0 capabilities, we look forward to offering cutting edge multimedia products that seamlessly integrate with our Web offerings," commented Robert Lott, CEO of Pluginz.

Hans Park, CEO of DnC, commented, "I am extremely pleased to be joining forces with Pluginz as a subsidiary of a US public company. We believe Pluginz has created a unique position within the media technology markets that will be tremendously valuable to the planning and marketing of future DnC products. As its customers range from high-end Hollywood facilities to consumer level YouTube contributors, we look forward to catering to their needs at each level. We are especially excited about the opportunity to fuel the trend toward democratization of video on the Web and through the use of portable devices."

About DnC:

DnC is a designer and manufacturer of a range of digital media technology products, including portable media players (e.g. mp3 audio, video, etc.) and high-end encoding technology. The Company is now headquartered in Palo Alto, California and maintains its engineering and R&D facilities in Seoul, South Korea. DnC's portable media players are among the highest rated in the consumer market, and are sold through leading retail chain stores in the US and Europe. The Company designs and manufactures many of its media players in OEM relationships with leading consumer electronics companies, and as private label products for leading global retail chain stores. DnC has also licensed digital technology to a number of leading electronics and software companies.

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The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis" or "Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.