SOURCE: NetSky Holdings, Inc.

May 01, 2007 10:30 ET

NetSky Launches Social Networking Site, PetsPlaces.com

NEW CANAAN, CT -- (MARKET WIRE) -- May 1, 2007 --NetSky Holdings, Inc. (PINKSHEETS: NKYH), announced today that it has launched PetsPlaces.com (www.PetsPlaces.com), an online social networking site where pet owners can discuss their beloved furry companions. In less than two months as a live site, it has experienced remarkable traffic, with approximately 2,800 pet loving members, despite the fact that NetSky has not yet begun advertising it.

PetsPlaces.com allows all registered members to connect to and build relationships with other pet lovers. Registration is free and all PetsPlaces.com members receive personalized profiles for their pets, a pet's buddy gallery, a pet's photo gallery, customized instant messenger to contact other registered members and a free personalized blog dedicated to their pet and family.

NetSky's launch of PetsPlaces.com comes at a time when online communities are experiencing explosive growth. According to an August 2006 survey, nearly one third of the web's 170 million users have visited the popular social networking website MySpace alone. Last year, the 10 biggest social-networking sites reached a combined unique audience of 68.8 million users, drawing in 45% of active Web users, according to Nielsen/NetRatings.

"This is an exciting acquisition for NetSky with tremendous potential," remarked Robert W. Thayer, CEO of NetSky. "We actually purchased the site in its early stages and have been surprised by the growth and enthusiasm of the PetsPlaces members over the last month. The modern day pet owner treats their pet like a member of their family, and the site provides them with a place to talk and introduce themselves to fellow pet enthusiasts on the Internet."

"Millions of people now socialize and collaborate on the Internet through various social networking sites that appeal to the general public," Thayer continues. "I believe that the next step in the evolution of these popular social networking sites will be niche-oriented social networking sites that appeal to a specific subject or interest. www.PetsPlaces.com is one of these sites. We expect it to become one of the premier online sites for pet owners all over the world to swap photos, post videos and even chat with each other all in one place."

PetsPlaces.com is live and registration is fast and simple. Please go to www.petsplaces.com to see and join the site.

About NetSky Holdings:

NetSky Holdings is an Internet consolidation company acquiring ISPs, web hosting companies and revenue generating websites. 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 websites. Some websites 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 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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