Custom Branded Networks, Inc.

March 23, 2005 10:00 ET

Custom Branded Networks, Inc. Announces Over $1,000,000 of Company Debt Settled


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CUSTOM BRANDED NETWORKS, INC.

OTC Bulletin Board SYMBOL: CBNK

MARCH 23, 2005 - 10:00 ET

Custom Branded Networks Inc. Announces Over
$1,000,000 of Company Debt Settled

NEW YORK, NEW YORK--(CCNMatthews - March 23, 2005) - Custom Branded
Networks, Inc. (OTCBB:CBNK) is pleased to announce that the company has
settled over one million dollars of debt leaving the company virtually
debt free. The settlement will be reflected in the next quarterly
financial statement.

Currently the company is nearing an agreement to acquire a high grade
resource based project. The company is committed to acquiring a
substantial interest in the energy and resource sector and plans to
announce more detailed information of the project to its shareholders in
up coming press releases.

Paul Carter, President of Custom Branded Networks said, "With the debt
settlement, the company is now in better financial position to
facilitate the closure of the ongoing negotiations and to finalize the
completion of future acquisitions."

As previously announced on March16, 2005, the company will be changing
its name to Novastar Resources Ltd. As a result of the name change, the
company will receive a new cusip number and trading symbol. Shareholders
will be notified at the appropriate time of the new cusip and symbol.
This name change is a further significant step in the ongoing evolution
of the "new" company.

Paul Carter concluded, "Following the major transformation the company
has endured over the past 7 months, we are pleased with the significant
progress we have made during this period, along with the continued
support of our shareholders."

The statements contained in this press release contain certain
forward-looking statements, including statements regarding the company's
expectations, intentions, strategies and beliefs regarding the future.
All statements contained herein are based upon information available to
the company's management as of the date hereof, and actual results may
vary based upon future events, both within and without the control of
the company's management.

On Behalf of the Board

Paul G. Carter

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Custom Branded Networks, Inc.
    Paul G. Carter
    (604) 904-6946