SOURCE: NetSky Holdings, Inc.

February 15, 2007 06:30 ET

NetSky Holdings to Provide Satellite Internet Service

NEW CANAAN, CT -- (MARKET WIRE) -- February 15, 2007 -- NetSky Holdings, Inc. (PINKSHEETS: NKYH) announced that it will offer a high speed one-way satellite service. The satellite service, provided through an agreement with a major Internet provider aggregator, will be marketed to small businesses and home-office users. The one-way Internet satellite service is expected to launch in the next 15 days.

NetSky's CEO Robert Thayer commented, "Depending which speed the small business or individual chooses, the satellite Internet service can reach speeds faster than many cable Internet services. It is important to understand that this service is to be marketed towards a certain niche market that is the small business or the sophisticated residential consumer. It is essentially a dedicated Internet service that gives NetSky the ability to provide a last mile High-Speed Broadband solution option where DSL or other high-speed services are not available. The speed is outstanding and all that is required is placing the satellite on one's roof or side of a building with professional installation. And a small business can network numerous PCs through an Ethernet router and receive great speeds when downloading large files."

NetSky's one-way satellite service utilizes both a high-speed Satellite connection as well as providing a v.92 modem uplink configuration. The v.92 modem connection provides Internet connectivity for the satellite when sending email and by using the v.92 modem, there is not a need for a second phone line. Requests for incoming calls are sent over the v.92 modem. The v.92 modem also provides support to satellite users in the event that difficult weather conditions affect the satellite connectivity.

Thayer continued; "We are excited to provide this service and hope to market this service to businesses in areas that we acquire rural ISPs. And once again we were able to follow our business model of utilizing a business partner that can provide most of the operational services for the satellite so NetSky does not have to build an expensive operating platform or hire programmers."

About NetSky Holdings:

NetSky Holdings is an Internet consolidation company that focuses on acquiring ISPs, web hosting companies and cable companies. When making acquisitions, NetSky quickly consolidates operations of the acquired business. This consolidation reduces costs and overhead to achieve favorable economies of scale pursuant to NetSky's proprietary business model. NetSky management has years of experience in working with internet companies 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 websites. Some websites recently developed or acquired by NetSky are www.netskytravel.com, www.pictureflex.com, www.netskycell.com, www.thearcadegeek, www.easyhelpinfo.com and www.netskysms.com .The purpose of these websites 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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