SOURCE: NetSky Holdings, Inc.

September 06, 2007 08:31 ET

NetSky Holdings Implements Short-Term Acquisition Strategy

NEW CANAAN, CT--(Marketwire - September 6, 2007) - NetSky Holdings, Inc. (PINKSHEETS: NKYH), an Internet consolidation company, is implementing its business strategy to acquire companies and provide an overall higher standard of Internet service not previously available. The Company intends to become a leading provider of high-quality web hosting, Internet service and revenue-generating Web sites.

NetSky Management does not believe in a "Growth for Growth's Sake Model" and aims to show a net profit as soon as possible to prove that its business model is sound, rather than just increasing gross revenues. The Company's acquisitions will be made primarily as asset purchases, rather than mergers, so that NetSky will not be responsible for the debt, office overhead, employees or other liabilities of the ISPs, hosting companies or businesses that it acquires.

NetSky will utilize its accelerator technologies for faster browsing, and has the technology and infrastructure in place to handle ISPs and hosting companies on a daily basis. The Company is constantly evaluating hosting companies and ISPs, and seeking attractive Web sites that fill a specific void in the market.

"Our Company looks for sites with a loyal customer base in order to be attractive to advertisers and related companies. Sites that create a social community in a special niche, for example, are attractive because advertisers realize the value of advertising on high-traffic, repeat-visitor Web sites," stated Robert W. Thayer, CEO of NetSky Holdings, Inc.

About NetSky Holdings:

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.netskytraffic.com, www.pictureflex.com, www.netskytravel.com, www.netskycell.com, www.easyhelpinfo.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.

This press release contains certain forward-looking statements, which are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals or expectations, containing words such as "expect," "believe," "should," "anticipate," "intend," "plan," "may," "will" or similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks, uncertainties and assumptions that are difficult to predict and that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of acquisitions and the integration of such businesses with those of the Company, competition, technological changes, the ability to obtain financing and other factors. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

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