SOURCE: Netspace

December 05, 2007 12:58 ET

Netspace International Announces Change of Officers, Directors

AVENTURA, FL--(Marketwire - December 5, 2007) - Netspace International, Inc. (Netspace) (PINKSHEETS: NSIH) announces a change of Officers and Directors.

Upon advice from a group of shareholders, Netspace International has rescinded the Birch Holdings acquisition. As such, Neil Swartz is no longer interim CEO. In addition, Jim Baker and Ashif Jiwa will no longer serve as Directors on Netspace's Board.

Netspace still intends on carrying out the acquisition of the Singlefin Group, Inc., upon receiving majority shareholder approval. The Letter of Intent, mentioned in the November 26 news release, is still in effect.

Further Information

Shareholders and prospective investors are encouraged to call Investor Relations toll-free at 1-866-511-1147 to receive detailed information about Netspace.

About Netspace International Holdings, Inc.

Netspace International Holdings is comprised of two wholly owned subsidiaries: 1. Netspace Franchise International, responsible for all franchise operations for Internet Marketing opportunities, and 2. Netspace Ventures, providing services for select qualified companies in exchange for equity.

About Singlefin Group, Inc.

The Singlefin Group, Inc. is a holding company and emerging brand incubator focused on the action and lifestyle sports industry. The Company's mission is to acquire, invest in, develop and nurture emerging growth brands in the explosive action sports industry. With offices in Portland, Maine -- the company is located in the untapped region of the northeast with tremendous market penetration regionally and quickly becoming nationally recognized.

Forward-Looking Statements

The foregoing press release may contain forward-looking statements, including statements regarding, among other things, about the expectation of Netspace International's future business that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward looking statements as a result of a variety of factors including, among others, the state of the economy, the competitive environment, and the Company's performance. In light of these risks and uncertainties there can be no assurances that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

Contact Information