SOURCE: Wyndstorm

September 06, 2007 08:30 ET

Wyndstorm Announces Intent to Trade on the OTC Bulletin Board

Premier Social Network Enabler Has Executed a Revised Letter of Intent to Reverse Merge With PacketPort.com

WASHINGTON, DC--(Marketwire - September 6, 2007) - Wyndstorm Corporation, a leading social network enabler, announced a reverse merger into PacketPort.com, Inc. (OTCBB: PKPT) to allow Wyndstorm's common stock to begin trading on the Over-The-Counter (OTC) Bulletin Board. Subject to due diligence, the agreement is set to close in approximately four weeks. This announcement is the result of recent discussions following preliminary due diligence conducted in June, when this agreement was initially announced, and supersedes any previous considerations. Working with Source Capital Group (SCG) in Westport, CT., a leading middle market investment bank, Wyndstorm is planning to raise between $5-10 million.

Wyndstorm will use the funds to expand its delivery and sales support services to meet a substantial backlog and ongoing pipeline for its feature-rich social media application.

"For our current clients we are delivering advanced social media solutions to support online advertising and viral marketing programs. Access to public financial markets provides a tremendous opportunity to grow our social media solutions. This financing is critical to continue to meet our customer demands, execute our strategy, and maintain our leadership in this space," said Marian Sabety, President and CEO of Wyndstorm. "Capital will be used to expand our sales force and meet the demand posed by our contracted customer requirements and strong interest in our social media capabilities. We will also expand our end-to-end customized social media application to meet the needs of our customers for targeted online promotions and interactive entertainment programs. This transaction and related funding positions us to offer one-stop social media delivery program for set-up, customization, and ongoing program management."

In January 2008, Wyndstorm will launch a unique subscriber community for a web-based Marketing company that will integrate click-to-call, avatars, chat rooms, and multi-user gaming technologies for an interactive entertainment and social networking site. Wyndstorm beat the competition in winning the contract to build and host this community, based on tailoring requirements that included safe communications, targeted advertising, and free buddy-buddy calling between community members. Wyndstorm tailors platforms so their clients can offer customized, private, and safe communities with controlled advertising, dramatically expanding the market for these applications to address privacy and security concerns, while offering highly dynamic and interactive communities.

About Wyndstorm Corporation

Wyndstorm Corporation, a Washington D.C.-based company, provides turnkey social networking solutions that include social media, interactive gaming, and click-to-call applications, so that affinity marketing companies can meet time-to-market pressure in delivering online entertainment that leverages viral marketing. Using the wyndstorm™ hosted application, clients can rapidly tailor and privately brand custom social media programs by selecting from over 50 pre-built modules. Wyndstorm provides search, security, click-to-call, location-based advertising management, consumer-posted content, payment processing, and other value-add features that provide high value collaboration and interactive programming for private branded, viral marketing. For more information about Wyndstorm Corporation, (formerly YFonGlobal, LLC), visit www.wyndstorm.com.

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