THK Think Partnership

Kowabunga!� (AMEX:THK), the leading provider of interactive performance-based advertising networks and technology platforms, today announced that the sale of The Catamount Group, LLC, a direct marketing agency which operated under its Direct division, has been finalized. �As announced previously, we intend to divest certain non-core assets and focus our resources on our growing Network division,� said Stan Antonuk, CEO of Kowabunga!. �The sale of The Catamount Group, the smallest of the business units held for sale, represents the first step in the execution of our divestiture plan. With McFarland Dewey & Co., LLC as our financial advisor, we are moving forward with plans to sell the other non-core businesses.� The terms of the Catamount sale were not disclosed. 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.