ORANGE, Calif., Feb. 20 /PRNewswire-FirstCall/ -- Sky440, Inc., (Pink Sheets: SKYF), announced today that it has named John Harris, Chet Hong and Barry Nester to its Board of Directors. Mr. Harris will also serve as President and CEO. The new members will serve on the board until the next annual stockholders meeting. John Harris, President and CEO, has more than 22 years of experience in executive management positions. From 1985 to 1991 he held senior management and staff level positions with several National Mortgage Corporations. Mr. Harris Founded Western Hills Mtg. Corp. in 1991 where he managed operations, technical services, business development, marketing, finance, and human resources. Mr. Harris Founded Silver Bay Mortgage Corp., in 2004 as a diversified brokerage firm consisting of Real Estate, Finance, Escrow, and Land Development operations. Mr. Harris Founded American Homes Direct Lending Corporation in 2005 as a joint venture agreement with an established home building company, where Mr. Harris was responsible for developing the corporate strategy, continuing sustainable business plan growth, and overseeing all corporate activities. In 2005 Mr. Harris Assisted in Real Estate acquisitions, finance operations, and escrow operations of Silver Bay Mtg. Corp., and then he created Silver Bay Development as a wholly owned Subsidiary of Silver Bay Mtg. Corp. His diversified experience in land acquisition, finance, and project management enables him to assist clients with sourcing both debt and equity capital for their development and construction projects. At present time Mr. Harris continues to oversee and manage ongoing land acquisitions, entitlements, and land development transactions as well as consulting with clients on other projects. Chet Hong, at-large Director, is the founder and Managing Director of the Elixiant Group, a management consulting organization focused on business and corporate development, licensing/technology acquisition strategies and market development. He was formerly an executive consultant for Fujitsu Software, the $2Bn software arm for Fujitsu Limited $40Bn in annual revenues, where he ran their Business Development/Strategy and Compliance practices. Mr. Hong was also retained by Forrester Research's to help develop their Greater China strategies and was the VP of Business/Corporate Development for China.com in charge of their US arm of a $500MM venture fund as well as their strategic alliances. Mr. Hong was also the VP of Business Development for MediaWay, an enterprise software developer of media and brand asset management and previously ran Visioneer's $25 Million software division where he launched software titles targeted at the consumer and business segments. Additionally, he was the co-founder of two digital imaging technology companies, XRS, acquired by Kodak, and ITG, acquired by a large Global Asian business concern. Barry Nester, an executive with over 25 years sales and marketing expertise in the IT space, was formerly the VP of Channel Sales for Anixter, a $2.5 billion IT leader in supply chain services and distribution of communications and networking products, where he was instrumental in developing the Higher Education and Local Government channel. In addition, Mr. Nester was the VP of Sales and Marketing for Swiftcomm, a leading provider of data collocation, high speed broadband, web/mail hosting and hosted IT services where he secured Fortune 500 accounts such as Boeing, Disney Entertainment, Edison, Lockheed, ABC Entertainment and Grumman and was a key contributor in its acquisition by SBC. His tenure also included stints at Cisco, a leading supplier of networking equipment, where year after year Mr. Nester was in the top 10% of sales representatives and grew his region from $200K to $13M in (3) years and AudioTek, a subsidiary of Toshiba, that distributes electronics and computer hardware, where he ran the US Western Region. About Sky440 Sky440, Inc., based in Orange, California, is focusing on the electronic hardware and computer component industry. Sky440 is in the business of acquiring and operating regional North American distributors of networking hardware and other computer related components. More information about Sky440, Inc., can be found at: http://www.sky440.com/ Notes about forward-looking statements: Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made. Contact: Chet Hong 650-557-2182 DATASOURCE: Sky440, Inc. CONTACT: Chet Hong of Sky440, Inc., +1-650-557-2182

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