SOURCE: WatchIt Technologies, Inc.

November 05, 2007 08:43 ET

WatchIt Technologies, Inc.'s Wholly Owned Subsidiary, Child Watch Network, and NetSky Holdings, Inc. Sign Joint Venture

Companies to Build, Promote and Maintain Child Safety Social Networking Site

ASHEVILLE, NC--(Marketwire - November 5, 2007) - WatchIt Technologies, Inc. -- (PINKSHEETS: WTCT) through its wholly owned subsidiary, Child Watch Network, has signed a joint venture agreement with NetSky Holdings, Inc to construct, market and maintain a social networking Web site, ChildWatchNeighborhood.com, where parents and educators can share ideas and discuss child safety.

The Web site will provide information on missing children, as well as support to families who have been the victims of a missing child or any abusive situation involving a child. The site will also focus on what parents are doing in their neighborhood to protect their children, and show parents how they can go about setting up a Child Watch ID program. Under the agreement, NetSky will develop and maintain the site, with Child Watch Network providing content and information.

The companies will share in the marketing and promotion of the site, which will generate revenue from sponsorships and the sales of NetSky's phone cards and broadband services. Each phone card will display pictures, and information about missing children. Half of the proceeds from the revenue generated by the joint venture will go to Child Watch Network of North America, a 401(c)3 non profit organization.

"We believe that this joint venture with NetSky Holdings is a step in the right direction for future growth of our Company. Child Watch Network's goal for the venture is not only to help find missing children and support families with missing children, but to create a much broader access and awareness of child safety information," stated Don Wood, President of Child Watch Network.

"The current popularity of social networking Web sites has provided both WatchIt and NetSky with a unique opportunity to promote child safety. We believe the site will show great value to sponsors in supporting families in a positive light," stated Robert Thayer, CEO of NetSky Holdings, Inc.

About WatchIt Technologies, Inc.

WatchIt Technologies, Inc. is an emerging out-of-home new media advertising Company operating the Child Watch Network (CWN). CWN delivers time sensitive missing children information while providing a dynamic digital signage network for advertisers to reach on-the-go consumers with a targeted effective medium. Recently, the Company also acquired BMA Partners, Inc. d/b/a Billboard Music Academy. BMA is a licensee of Billboard Magazine, the standard bearer of the music industry. The Company is developing a full service music community with a proprietary music education program and a music oriented social network as its centerpieces. WatchIt has also acquired the international rights to market and sell Boondoggle Sports Network as the WatchIt Network in association with Quizzing, LTD. a UK company specializing in pub based sports and trivia based games. The WatchIt Network also utilizes dynamic digital signage. The Company will initially focus on establishing a presence in the United Kingdom and will utilize management's experience and contacts to expand into other European countries.

About NetSky Holdings, Inc.:

NetSky Holdings is an Internet consolidation company acquiring ISPs, Web hosting companies and revenue generating Web sites. When acquiring ISPs and Web hosting companies, NetSky quickly consolidates their operations to reduce costs and overhead to achieve favorable economies of scale. NetSky management has years of experience in working with ISPs and its operational partners. NetSky provides its ISP subscribers acceleration software, 24/7 toll-free tech support, anti-virus and anti-spam filters, as well as improved access networks. NetSky has also launched, and is developing, value-added content Web sites. Some Web sites developed or acquired by NetSky are www.easyhelpinfo.com, www.netskycell.com, www.petsplaces.com, www.pictureflex.com, www.netskytraffic.com, www.netskytravel.com and www.netskysms.com. The purpose of these Web sites is to generate product sales and advertising revenue from its subscribers, as well as the general public.

About Child Watch of North America

For additional information on Child Watch please visit www.childwatch.org.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

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