H-NET.NET, Inc. Closes Acquisition of DONOBi, Inc.

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Hannstar (WI)	LSE:HNNT	London	Ordinary Share		GDS (REPR 20 COMMON SHS)(REGS)(WI)TEMP

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
	0	0		N/A	0

Hannstar (WI) (LSE:HNNT)
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H-NET.NET, Inc. Closes Acquisition of DONOBi, Inc. BREMERTON, Wash., Feb. 19 /PRNewswire-FirstCall/ -- H-NET.NET, Inc. (BULLETIN BOARD: HNNT) announced today that it has closed the acquisition of DONOBi, Inc., a Seattle-area based business serviceintegrator with full-service Internet, video, and telecommunication services. The Company also announced that Anton Stephens will be stepping down as President and CEO, and Christine Stephens will be resigning her CFO position. New executive management will consist of the current management team of DONOBi, including President and CEO, Bill Wright, Vice President, Brett Green, and Interim CFO, Terry Stein. The Company anticipates officially changing its name to DONOBi, Inc., as well as its trading symbol in the coming weeks. Commenting on the closing and the Company's new direction, CEO, Bill Wright said, "We are obviously very excited as we embark on this new chapter in DONOBi's history. We plan to make this brief transition period as simple as possible on all parties involved, including our new shareholders. In the coming weeks we will be communicating more with the investment community, while announcing new customers and strategic partners that have come to fruition since we undertook this merger that will generate new revenues for the company. Also, we will be developing an investor relations page on our corporate Web site (http://www.donobi.com/) and will make a series of announcements to keep our existing and potential shareholders informed as to our progress and growth. We are very pleased with the continued progress of the Company and now look forward to sharing our success. Since our inception in 1999, we have grown revenues steadily each year, including a 128% increase in 2003. We are able to maintain positive growth of revenues due in part to the reoccurring nature of our service revenues. We anticipate continued expansion of our customer base to include entry into additional states, and are expecting to release newly developed product lines to enhance services to existing customers and attract new customers. About DONOBi, Inc. Located in the tech-heavy Pacific Northwest, DONOBi is a regional provider of integrated Internet services, e-commerce solutions, business systems integration, network analysis and implementation, and business applications development and deployment. Since its inception, DONOBi has rapidly expanded through mergers and acquisitions of several small ISPs, consolidating talented personnel and technical infrastructure into a highly efficient and responsive service company. DONOBi specializes in helping clients with technical, state-of-the-art, high quality customer and B2B solutions. These products and services are matched to the customer's needsand goals by providing a full range of services and expertise within one company. For more information about DONOBi, please visit the company's Web site at http://www.donobi.com/ Safe Harbor statement under the Private Securities Litigation Reform Actof 1995: Statements in this press release regarding the expansion of the Company's operations are forward-looking statements. Words such as "expects," "intends," "anticipates," and "likely" also identify forward-looking statements. Actual results may differ from such forward-looking statements as a result of a number of factors. DATASOURCE: H-NET.NET, Inc. CONTACT: Bill Wright of DONOBi, Inc., +1-360-782-4477, or Web site: http://www.donobi.com/

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HNNT Hannstar (WI)