SOURCE: NetSky Holdings, Inc.

February 06, 2007 06:30 ET

NetSky on Track With Pepperlink Closing

NEW CANAAN, CT -- (MARKET WIRE) -- February 6, 2007 -- NetSky Holdings, Inc. (PINKSHEETS: NKYH) announced today that their latest targeted ISP acquisition, Pepperlink.com (www.pepperlink.com), is on track for a February closing.

Robert W. Thayer, CEO of NetSky, stated, "We are very pleased with the progress we've made towards completing the asset purchase of the ISP, Pepperlink. The migration of the database of subscribers to NetSky's operational platform is complete. Our focus for the next few weeks is to review the billing system and implement NetSky's 24-hour, toll-free technical support solution to subscribers of Pepperlink. NetSky should close on this asset purchase no later than the last week of February. Once closed, the users of Pepperlink will notice a greater level of service and customer support. Once completed, we will implement our proprietary strategy of cross-marketing other products and services to our captive audience of internet customers to generate additional revenue."

PepperLink, founded in 1997, consists of a loyal base of Internet subscribers located in Alabama. As with its previous two acquisitions, NetSky is moving all PepperLink subscribers to its operational platform so that it can quickly lower operational costs to quickly maximize economies of scale. Additional premium services, such as the accelerator software for faster browsing speeds, will also be provided to subscribers of Pepperlink at no additional cost.

Thayer continued, "NetSky will continue to evaluate additional ISPs for acquisition, as well as web hosting companies and regional cable companies. These three types of businesses fit perfectly into our acquisition plans and business model. I'm confident that we can continue to evaluate and successfully negotiate deals that will expand our subscriber base, our suite of value-added websites and most importantly, our revenue."

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.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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