KeyOn Communications Buys Dynamic Broadband

KeyOn Communications Holdings Inc. (OTCBB: KEYO) has acquired the wireless broadband assets of Dynamic Broadband, an Iowa-based company that raised a small amount of VC funding from Aavin Private Equity. No financial terms were disclosed.

KeyOn Communications Holdings, Inc. (OTCBB: KEYO), one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, announced today it has completed its acquisition of substantially all of the wireless broadband assets of Dynamic Broadband Corporation which increases the company's network footprint in Iowa and initiates coverage in Minnesota, KeyOn's twelfth state with operations. The assets were acquired for a combination of common shares of KeyOn and the assumption and repayment of certain liabilities.

The Dynamic Broadband acquisition

The Dynamic Broadband acquisition was completed under KeyOn's Rural UniFi program. Rural UniFi is a strategic acquisition initiative designed for independent wireless broadband companies to realize immediate value from their networks by merging with KeyOn. The acquisition of Dynamic Broadband is KeyOn's eighth acquisition.

Interested wireless broadband operators can visit KeyOn's unique initiative through the company's website (www.keyon.com/ruralunifi.html) where they can receive more information and begin the qualification process.

KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the largest providers of wireless broadband, satellite and voice over Internet protocol (VoIP) services in the United States, primarily targeting underserved markets with populations generally less than 50,000. KeyOn offers broadband services with VoIP and satellite video services to both residential and business subscribers across 12 Western and Midwestern states. Through a combination of organic growth and acquisitions, KeyOn has expanded its network footprint to reach approximately 55,000 square miles and cover over 2,800,000 people, as well as small-to-medium businesses. With its successful track record of acquiring companies and growing its core subscriber base, KeyOn is one of the leading wireless broadband companies in the United States. Management intends to drive subscriber growth through additional acquisitions as well as organic growth across the company's expanding footprint by offering bundled services including broadband, video, VoIP and related valuable services such as the Bullseye Club. The company also intends to opportunistically build mobile and/or nomadic WiMAX networks in and around its market footprint. More information on KeyOn can be found at http://www.keyon.com.