H-Net.net, Inc. Announces Corporate Name and Domicile Change BREMERTON, Wash., June 10 /PRNewswire-FirstCall/ -- H-Net.net, Inc. (OTC:HNNT) (BULLETIN BOARD: HNNT) announces that the Board of Directors, has proposed and approved that the corporate name be changed to DONOBi Inc. and that the corporation change its State of Domicile from Colorado to Nevada. Upon shareholder approval the company will apply for a new trading symbol. The Board of Directors also announced the transfer of DONOBi's corporate offices to Bremerton, Washington. The company believes that the name change will better reflect its current business activity and future direction. DONOBi Inc. (a Washington State corporation) is currently a wholly owned subsidiary of H-Net.net, Inc. and was acquired in a merger agreement completed in February 2004. Headquartered in Bremerton, Washington, DONOBi is an Internet solutions company providing internet connectivity services to individual, multi-family units, and business customers. DONOBi provides connectivity services such as networking, electronic commerce business, wireless connectivity, web based database development, business application solutions and Internet connectivity solutions. The company's unique operational and technical "platform" enables DONOBi to (1) deliver Internet connectivity and related technical support, quality customer service and billing systems; (2) provide broadband fiber optics and fiber connectivity; (3) establish broadband wireless connectivity in rural and urban areas. DONOBi provides services in the States of Washington and Oregon. H-Net.net, Inc. is a publicly traded company, trading under the symbol HNNT on the Over The Counter Bulletin Board. (OTCBB) headquartered in Bremerton, Washington. SAFE HARBOR STATEMENT The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release may contain or constitute forward-looking statements. These forward-looking statements are based on current expectations and are subject to risk and uncertainties. In connection with the "safe harbor" provisions of the Private Securities Litigation Act of 1995, DONOBi provides the following cautionary statement identifying important factors which, among others, could cause the actual results or events to differ materially from those set forth or implied by the forward-looking statements and related assumptions. Such important factors may include but are not limited to the following: Lack of shareholder approval and denial of corporate registration by the State of Nevada. DATASOURCE: H-Net.net, Inc.; DONOBi Inc. CONTACT: Investor Relations of DONOBi, Inc., +1-360-782-4477, ext. 1177 Web site: http://www.donobi.com/

Copyright