NetStairs® enters into Letter of Intent to Acquire GigSoft


FORT LAUDERDALE, FLORIDA--(BUSINESS WIRE) - (March 4th, 2008) - NetStairs.com®, Inc. the intelligent media delivery enabler enters into a letter of intent to acquire GigSoft in the Netherlands.

"NetStairs has built strong brand recognition in the European market. As a part of the company's global expansion and after its 2007 acquisition of B-Vision in Romania (aka NetStairs.ro) the company has started its 2008 plan of expansion by acquiring GigSoft in the Netherlands. GigSoft will retain its corporate identity while operating as NetStairs.nl serving global and local market needs," said Ahmad Moradi, Ph.D., Chairman, CEO of NetStairs.com, Inc. "GigSoft will become the springboard for NetStairs products and services. It is our pleasure to welcome Mr. Peter Ticoalu as the managing director, a seasoned IT veteran with years of multinational business experience", he added.

Peter Ticoalu said, "By uniting GigSoft with NetStairs we'll be positioned to realize our vision of allowing consumers and companies to reshape a new interconnected world applying NetStairs unique IV~8 intelligent media delivery middleware. This will not only renew the method of doing business and develop new opportunities for corporations but it will also initiate a new video ubiquity interconnected community".

Although the details of the terms are not disclosed, the joint association will empower NetStairs to offer IT and Media related turnkey services.


About NetStairs.com®, Inc.

NetStairs.com®, founded in March 2000, a privately held corporation, is the world's first, one and only intelligent media delivery enabler serving its clients with its IV~8® patent published middleware. As the "Switzerland of Media Codec", the platform is packed with "Swiss Army Knife" web based hosted media solutions combined with online tracking system. Clients may build a seamless workflow into CIV-8 media conversion cluster while utilizing Akamai® content delivery network for live mediacast. In the past, the company has served media ad agencies, production studios, Fortune 1500, publishers, TV Stations, broadcasters, brand owners, and telecom providers with web driven solutions to monetize their online content and reach a wider audience.

NetStairs® middleware platform supports industry standards supplying flexible, transparent, universal and seamless media to iPhone, Nokia, Windows Mobile, portable Wi-Fi devices, PC, MAC, IP TV, wired and wireless networks. The company products are licensed, leased, or rented for event promotions. For more details, please visit: www.netstairs.com. For turnkey & creative services visit: http://www.netstairs.ro/index_en.html .


About GigSoft

GigSoft is an IT innovative solution provider specialized in designing and developing business applications utilizing the latest IT technologies. We believe, when innovative technology is beneficial for our customers then it is worthy to provide this value-added solution. At GigSoft, we work with the latest open standard IT tools, techniques and methodologies, this keeps us at the forefront of the fast changing world.

GigSoft offers a full range of IT consulting in order to bring to our customers the most flexible and effective solutions for their businesses. Whether it is a new development initiative, integrating existing applications with new developed applications and harvesting legacy applications into new internet applications. GigSoft technical resources provide the right expertise at the right time to make the project a success. For more details, please visit: www.gigsoft.nl

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.