Broadband National Promotes Vinny Olmstead to CEO

Company President Promoted to President and Chief Executive Officer

VERO BEACH, Fla., May 2 Broadband National today announced the promotion of company President Vinny Olmstead to President and Chief Executive Officer. Since being recruited in 2003 by company founders AJ Koontz III and Mark Weibel, Olmstead has overseen the day-to-day operations of one of the industry's fastest-growing online companies, increasing revenue by a factor of 16 and driving the company to profitability in the first quarter of 2006. "We have had great success due to our business model and strong management team, and I appreciate the Board of Directors' confidence resulting in this promotion," said Olmstead.

In addition to growing the business, Olmstead led the company's efforts to secure private equity funding by Constellation Ventures, a Bear Stearns Asset Management Venture Capital Fund in December of 2005. "Vinny has utilized his past experience to successfully guide this company through a tremendous growth phase," stated Ray Oglethorpe, Chairman of the Board of Broadband National. "For the previous 10 quarters, the company has exceeded its financial expectations and we're confident with Vinny's guidance that we will continue to see strong financial results and sustained growth for years to come."

Broadband National is the leading comparative shopping service for broadband services and products to consumers and businesses nationwide. Broadband National's proprietary software -- the Integrated Broadband Information System ("IBIS 3.0") -- enables customers to make objective comparisons of service and product offerings through back end integration with 50 strategic partners, including AT&T, Sprint, Qwest, Time Warner, Comcast, and Verizon. Broadband National also licenses the IBIS 3.0 system to more than 1,500 companies such as national retailers, VoIP suppliers, online marketers, and integrators allowing the same robust experience, while monetizing their customer base.

For more information on platform use, business development and strategic partnerships, please visit http://www.broadbandnational.com . For Broadband National press or investor relations inquiries, please contact Mark Ballard at 772-539-0618 or email mark.ballard@broadbandnational.com .

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