SOURCE: NetSky Holdings, Inc.

August 21, 2007 08:31 ET

NetSky Holdings' Petsplaces.com Reports 900 Percent Increase in Web Site Traffic

NEW CANAAN, CT--(Marketwire - August 21, 2007) - NetSky Holdings, Inc. (PINKSHEETS: NKYH), an Internet consolidation company, is pleased to announce that one of its Web sites, www.Petsplaces.com, has experienced a site traffic increase of 900% in the past three months, according to www.alexa.com. The site resembles MySpace.com in format, but features pets instead of people.

Petsplaces.com has more than 3,600 members, all of whom contribute photos, biographies and messages from their pets, accompanied by photos and messages from their pets' "friends." Membership is free, and users are able to custom format their pages and create blogs. Petsplaces.com draws new members with its ease of use, attractive design and wide selection of members to communicate with. It draws revenues through advertisements and links.

Americans currently spend $41 billion a year on their pets -- double the amount a decade ago -- with annual spending expected to hit $52 billion in the next two years, according to Packaged Facts, a consumer research company based in Rockville, Md.

"Petsplaces.com is gaining new members weekly. The more people who go to the site see how much fun it is and quickly get their friends involved. It's also a valuable source of information and advice for pet owners and a unique way to have fun with others," stated Robert 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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