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

Fifty-Plus.Net International Inc.

February 23, 2007 15:41 ET

FPN Announces Record Second Quarter Revenues

TORONTO, ONTARIO--(CCNMatthews - Feb. 23, 2007) - Fifty-Plus.Net International Inc. (TSX VENTURE:FPN) -

Net income for the second quarter of the Company's fiscal year 2007, the three months ending December 31, 2006, was $81,934 compared to $87,450 in the previous quarter and $43,456 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 sixth consecutive quarter of revenue growth, reflecting the ongoing emphasis on driving additional sales from display advertisers. Revenues of $479,580 for the quarter were 21% higher than the previous quarter and more than double the comparable quarter last year. The increase in revenues was largely due to the ongoing addition of new advertising customers, generated by the sales team, together with a new consulting contract worth $39,000 in this quarter for Canada's Association for the Fifty-Plus.

Expenses for the quarter were $397,646, a 29% increase over the previous quarter and a 104% increase over the second quarter in 2006, mostly due to the ongoing investment in personnel, improvements to the site design and content and increased advertising to drive top line revenue growth.

"I am very pleased that, for the second quarter of 2007, we more than doubled the revenue from the same quarter last year. This reflects the ongoing strengthening of the Company's website, content and exposure which is enabling us to capitalize on the growing interest in 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 mature Canadians."

Fifty-Plus.net International Inc. also announced the grant, pursuant to its Stock Option Plan, of 100,000 incentive stock options effective February 28, 2006. The options expire in five years and have an exercise price of $0.10 per share.

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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