NetStairs® inks a $10 Million Investment Banking Deal

FORT LAUDERDALE, FLORIDA -- (BUSINESS WIRE) -- (May 31, 2006) -NetStairs.com®, Inc., an innovator of intelligent media ad-streaming and entertainment server, announced today that it has signed an investment banking agreement with Colebrook Capital, Inc. of New York city, an investment banking group focused on mergers and acquisitions and strategic financing.

&qout;We are excited to work with a team of investment professionals who will assist NetStairs® in its $10M capital formation. They have proven Wall Street track record who share our passion equally. As the company seeks its next round of investment requirements, we continue to increase our share of market awareness and expand into new markets,&qout; said Ahmad Moradi, Ph.D., Chairman, and CEO of NetStairs.com, Inc. &qout;Sales efforts have reached beyond the U.S. borders and into the European market. It is imperative to increase advertising, marketing, and sales expenditures. After CeBIT show in March 2006, followed by several interviews with leading publishers worldwide, we have learned that NetStairs® product positioning bridges video into mobile and portable media market, coupled with powerful extranet tools such as coupon management, empowers our clients with unparalleled protocols to track the impact of their advertisings through redemption stage at the point-of-sale. Such technology is a very persuasive tool for those who seek to manage their advertising budget as an investment,&qout; he added.

Although details of terms of the agreement have not been disclosed, the contract is a nonexclusive financial agreement and is subject to NetStairs approval. The company will seek additional investment advisory and capital resource planning in order to ensure that it will meet is projected goals and objectives.

About NetStairs.com, Inc.

NetStairs.com®, founded in March 2000, a privately held corporation, provides intelligent media server for advertising and content driven web based broadcast and communications. NetStairs is a client-centric solutions provider of a secure, reliable, and scalable platform for media and entertainment streaming servers without the cost of building out infrastructure. Specifically, NetStairs is serving businesses with pay-per-click (PPC), on-demand media push-pull media application delivery, advanced content delivery, extranet tools, and services that make distribution and management of advertising and media steaming more cost effective. NetStairs is the exclusive worldwide supplier of IV~8® ad-servers, Cybermercial® video e-mail system, FlexiView® technology, e-iV8® on demand movie server and intelligent streaming gateway. Visit us online at www.netstairs.com or www.netstairs.com/sales or www.netstairs.com/buyiv8 . The Dutch Site: www.netstairs.nl and Romania Site: www.netstairs.ro.

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.