Fifty-Plus.Net International Inc.
TSX VENTURE : FPN

Fifty-Plus.Net International Inc.

November 29, 2006 16:35 ET

FPN Announces Record 1st Quarter Results

TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) - Fifty-Plus.Net International Inc. (TSX VENTURE:FPN)

Net income for the first quarter of the Company's fiscal year 2007, the three months ending September 30, 2006, was $87,451 compared to loss of $30,197 in the previous quarter and $56,919 for the comparable quarter last year.

The Company is pleased to announce that it recorded the highest quarterly revenue in its 10-year history. This is the fifth consecutive quarter of revenue growth, reflecting the ongoing emphasis on driving additional sales from display advertisers. Revenues of $395,989 for the quarter were 38% higher than the previous quarter and 88% higher than the comparable quarter last year. The increase in revenues was largely due to the addition of new advertising customers, generated by the new sales team, together with a new contract worth $60,000 in this quarter for the inclusion of a major campaign on the website for Canada's Association for the Fifty-Plus.

Expenses for the quarter were $308,538, a 3% decrease over the previous quarter and a 101% increase over the first quarter in 2006, mostly due to the ongoing investment in personnel and marketing to drive top line revenue growth.

"I want to say how proud I am of our team for delivering these record results and for capitalizing on the burgeoning demand advertising and electronic information serving the 50+ market" stated Eric Vengroff, President of Fifty-Plus.Net International Inc. "The Company's focus is on continuing to increase audience penetration by strengthening existing Internet properties and adding new ones, so as to solidify the Company's position as the market leader in online media for the 50+."

About Fifty-Plus.net International Inc.

Fifty-Plus.net International Inc. (FPN) operates as The 50Plus Group, Canada's leading provider of online content targeting the 50+ age group. Altogether, the 50Plus Group's portfolio of web sites and electronic newsletters delivers over 2 million page views per month. The key property is www.50plus.com, delivering a wide range of information, entertainment, community (forums, dating, blogs) and commerce together with four electronic newsletters - on health, money, travel, and lifestyle, each of which has over 120,000 opt-in subscribers.

The 50Plus Group also produces an electronic newsletter CARPAction Online and www.carp.ca the online home of CARP, Canada's Association for the Fifty-Plus. With 400,000 members, CARP is Canada's largest association for the 50+. In addition The 50Plus Group has just launched www.nomorewaiting.info, a web site focused on CARP's advocacy campaign "No More Waiting," which aims to influence government to improve health care performance.

The 50Plus Group has a strategic alliance with Decima Research, to develop original research on the 50+ market, its demographics, psychographics and purchasing behavior.

Cautionary Statement on Forward-Looking Statements

Certain statements made in this report are 'forward-looking statements' which may include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words 'believe', 'anticipate', 'expect', 'estimate', 'project', 'will be', 'will continue', 'will likely result' or similar words or phrases. Forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements. The risks and uncertainties are detailed from time to time in filings by Fifty-Plus.Net International Inc. with provincial securities commissions. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

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