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InternetArray, Inc. Acquires Significant Ownership in Noobis, Inc. NEW YORK, NY -- (MARKET WIRE) – 11/05/2008 – InternetArray, Inc. (OTC: IARY), an Internet development, technology licensing and marketing company, announced that it has acquired a significant ownership in Noobis, Inc., a social media development company. This acquisition is a first step in the Company’s new strategic focus in developing collaborative Internet based business partners. The acquisition, which was paid for with InternetArray, Inc. Rule 144 restricted common stock, will constitute approximately 10% of the outstanding common stock on a fully diluted basis after acquisition completion. This transaction will bring InternetArray shareholders a marked increase in shareholder value by substantially growing the Company’s worth. According to George Speranza, Director of Business Development for InternetArray Inc., “I’m pleased to announce this new acquisition for InternetArray. This is the first project under our strategic focus of concentrating upon Internet business opportunities.” Jon Brennan, President of Noobis, Inc, echoed Mr. Speranza’s sentiments. “Noobis is excited to have a partner like InternetArray who is ready to capitalize on this fast growing industry.” About InternetArray, Inc. InternetArray, Inc., a Delaware corporation, is an Internet development, technology licensing and marketing company that provides guidance and investment for innovative, early stage web-centric companies. The Company’s primary mission is to identify and develop associated collaborative business partners into viable and profitable companies. For further information, please visit InternetArray at www.internetarray.com. About Noobis, Inc. Noobis, Inc. develops and integrates social media applications and networks. In addition to building its own Internet assets and technologies, Noobis works with clients and partners to leverage the emerging social media marketplace. Please see more about Noobis, Inc. at www.noobis.com. This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management’s current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated. Contact: George Speranza 347-733-9942
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