THK Think Partnership

Kowabunga!� (AMEX:THK), the leading provider of interactive performance-based advertising networks and technology platforms, today announced that Jack Balousek has been appointed to its Board of Directors effective June 27, 2008. Mr. Balousek will serve as an independent board member and as chairman of the compensation committee. He fills the board seat vacated as a result of the resignation of Patrick Walsh. Mr. Balousek brings more than 20 years experience in executive management and board leadership to the Kowabunga! director position. From 1991 to 1996, Mr. Balousek served as President and Chief Operating Officer of Foote, Cone & Belding Communications, at the time, one of the largest global advertising and communications networks. He has served as Chairman and CEO of True North Technologies, a digital and interactive services firm affiliated with True North Communications and as a Director at FCB Communications and True North Communications from 1989 until 1997. Mr. Balousek co-founded, and from 1998 to 1999, served as executive vice president of PhotoAlley.com, a San Francisco-based marketing photographic equipment, supplies and online services company. Prior to 1991, he held various senior executive management positions with FCB and brand management positions with Procter & Gamble Co. Mr. Balousek has served as a director at a number of publicly held companies, and currently serves on the Board of publicly held Central Garden & Pet Co. He received his undergraduate degree from Creighton University and his graduate degree from Northwestern University. Mitch Tuchman, Chairman of the Kowabunga! Board of Directors stated, "We are pleased to welcome Jack to our Board. We anticipate that his past experience and expertise working with advertising and communications networks as well as in brand management will provide us with valuable insight, especially in our efforts to expand the Network segment of our business.� Mr. Balousek stated, �Kowabunga! is at a pivotal point in its evolution and I look forward to the opportunity to help the company further leverage its interactive businesses and maximize its proprietary technology assets to benefit its customers, employees and shareholders.� About Kowabunga! Inc. Think Partnership Inc. is now doing business under the name "Kowabunga! Inc." and will seek formal shareholder approval to change its legal name to Kowabunga! Inc. later in 2008. Kowabunga Marketing Inc. will continue as a subsidiary, operating its affiliate network and related products. Kowabunga! Inc. is the leading provider of interactive performance-based advertising networks and technology platforms. Kowabunga! provides a comprehensive and integrated set of scalable and cost-effective marketing solutions for both advertisers and publishers. These solutions increase customer retention and revenues through a diverse set of related marketing channels, including affiliate marketing, click-fraud-protected pay-per-click advertising, lead generation, interactive direct marketing, integrated offline advertising, campaign management, public relations, and branding. Kowabunga! also operates several direct-to-consumer services including online dating, online education, and home business opportunities. High-profile brands include ValidClick AdExchange�, MyAP�, PrimaryAds�, BabyToBee�, Second Bite� and MSA. For more information, visit www.kowabunga.com. Forward-Looking Statements Statements made in this press release that express the company�s or management�s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the company�s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. For a discussion of these risks, see the company�s report, as filed with the Securities and Exchange Commission on Form 10-K, filed March 31, 2008, under the section headed �Risk Factors.� The company cannot guarantee future financial results, levels of activity, performance or achievements, and investors should not place undue reliance on the company�s forward-looking statements.