Aplus.Net Names New CEO

Phillip Spencer Joins Leading Web Hosting Provider's Executive Management Team

FOR IMMEDIATE RELEASE.

OVERLAND PARK, KS – September 24, 2008 – Aplus.Net, a leading web hosting company and Internet solutions provider, has announced changes to its executive management team, including the naming of a new Chief Executive Officer, Phillip Spencer.

Mr. Spencer succeeds Gabriel Murphy as the company's CEO. Mr. Murphy will remain President of Aplus.Net and will also take on a more tactical oversight role as the company's new Chief Strategy Officer. Mr. Murphy played a pivotal role as Aplus.Net's President and CEO during the company's ownership transition in 2006, and during its move from California to Kansas in 2007.

Mr. Spencer comes to Aplus.Net directly from a highly successful tenure as President and CEO of Everest Connections, Inc., a Lenexa, Kansas-based cable, telephone, and Internet access provider that thrived in a market dominated by larger competition. Under Mr. Spencer's leadership, the company grew to more than $60 million in annual revenues and was named as one of the fastest-growing companies in the Kansas City area in 2005 by Ingram's Magazine and Ernst and Young.

Responsible for developing, overseeing, and guiding the execution of Everest's business strategy, Mr. Spencer successfully led that company from its origins as a modest start-up into a local industry leader with an enterprise value of more than $175 million. During his time at Everest, the company boasted 20 consecutive quarters of growth in EBITDA, revenue, and customer count. Everest was acquired by California-based SureWest Communications earlier this year.

Prior to his tenure at Everest, Mr. Spencer's experience encompassed senior sales, marketing and business development positions with AT&T, Global Crossing, GE Capital Communications Services, and Advantech, Inc. — a telecom firm that he also shepherded from a start-up into a significant industry presence.

A Marquette University graduate, Mr. Spencer has also served on several Kansas City-area boards of directors, including The Blue Valley Schools Foundation, Enterprise Center of Johnson County, Broadband Service Providers Association (BSPA), and Midwest Angel Investors.

'We are excited to have Phil join the already-strong Aplus.Net management team,' said Tyler Newton, Chairman of the Board of Aplus.Net and General Partner at Catalyst Investors, the majority owner of Aplus.net. 'Phil has a successful track record of profitably growing businesses. He is a high-energy, goal-focused leader that will help us grow the business by expanding our customer base and product offering.'

'Aplus.Net has a strong foundation, with a team that has done an outstanding job of building the business into one of North America’s top ten hosting companies,' commented Mr. Spencer. 'I am looking forward to helping the organization continue to grow its revenue and expand its product offering. Aplus.Net will continue to be the premier provider of web hosting, online marketing, e-commerce, domain name registration, and web design.'

These changes in Aplus.Net's management team are effective as of September 15, 2008, according to company representatives.

About Aplus.Net
One of the industry's longest-running web hosting and Internet services provider, Aplus.Net specializes in helping small businesses build an online customer base with a comprehensive range of services that includes shared hosting, dedicated hosting, web design, online marketing, eCommerce, domain name registration, and more. Aplus.Net has received multiple awards for excellence, including the prestigious CNET Editors' Choice Award, and has been featured in top U.S. business publications such as Forbes, Entrepreneur, Black Enterprise, and PC Magazine. For more information about Aplus.Net, please visit http://www.aplus.net.

About Catalyst Investors
Catalyst Investors is a growth private equity fund founded in 2000. Catalyst employs rigorous top-down research to identify investment opportunities in companies and industries that will exhibit strong revenue and margin growth. The firm works in true partnership with talented management teams to build long-term value. Catalyst has consistently achieved superior returns with disciplined risk management and a commitment to investor transparency. The Catalyst team has made more than 50 investments, successfully transitioning from investing in traditional media and communications to newer growth industries such as Internet media, Internet infrastructure and software services. For more information, visit http://www.catalystinvestors.com/.

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