GoFish Corporation Reports a 217% Increase in Quarterly Revenue for the Fourth Quarter of 2007

Business Wire, April 10, 2008

Company Benefits from Strong Sales Team and Market Leadership

SAN FRANCISCO -- GoFish Corporation (OTCBB: GOFH, www.gofishcorp.com), a leading online youth entertainment and media network, reported its results for the year ended December 31, 2007. Results included quarterly revenue growth of 217%, in line with expectations.

GoFish gained traction during the quarter and year ended December 31, 2007. Specific achievements were the launch of its online youth entertainment network and the establishment of partnerships with premier publishers and blue-chip advertisers. Financial highlights are as follows:

* Net sales increased substantially and were $2,081,182 for the year ended December 31, 2007, as compared with $25,779 for the previous year. Net sales were $1,539,610 for the quarter ended December 31, 2007 as compared to $6,922 for the quarter ended December 31, 2006 and $485,812 for the quarter ended September 30, 2007, an increase of 217% from the third quarter of 2007 to the fourth quarter of 2007.

* Revenues from the fourth quarter were derived from advertising sales on publishers that today represent approximately one-third of the audience on the network. The GoFish Network has grown to 19.4 million unique U.S. users per month with the addition of several publishers.

* The company reported an annual loss of $16,377,858 for the year ended December 31, 2007, as compared with $5,311,896 for the previous year. This increase is as a result, in part, of an increase in headcount and one-time acquisition costs of $1,270,348.

Management Comment, Tabreez Verjee, President of GoFish

"During the past few months, we assembled a team of industry veterans who have been able to achieve remarkable results in a short amount of time. We recognize the fundamental changes taking place with respect to online advertising as a result of changes in consumer behavior on the Internet and have seized the opportunity to capitalize on those changes. We believe that through our expertise and relationships with publishers and advertisers, we are well positioned to take advantage of these latest trends."

* Source: comScore Media Metrix Digital Calculator, February 2008

About GoFish Corporation

GoFish Corporation (www.gofishcorp.com) (OTCBB: GOFH - News), headquartered in San Francisco with offices in Los Angeles and New York, is a leading youth entertainment and media company specializing in creating, aggregating, distributing and monetizing premium youth content on its owned and operated sites and on a large network of quality youth-focused sites for which GoFish provides exclusive ad sales services. The GoFish Network of sites reaches over 19 million unduplicated online users domestically, and over 60 million unduplicated online users worldwide. GoFish has been a pioneer in the sale of online content appealing to the hard-to-reach youth market and presently ranks as the 3rd largest kids/teens opportunity for blue-chip advertisers.*

* Source: comScore Media Metrix Digital Calculator, February 2008. Unduplicated potential reach of the GoFish Network with currently signed partners including WeeWorld.com, Miniclip.com, select channels under the Demand Media Property, and others. The Kids/Teen category has been custom-defined by GoFish Corporation and is not a standard comScore Media Metrix category.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are generally identified by words, such as "projects," "believes," "anticipates," "plans," "expects," "will," and "would," and similar expressions that are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. Actual events may differ materially from those mentioned in these forward-looking statements because of a number of risks and uncertainties. Discussion of factors affecting GoFish's business and prospects is contained in GoFish's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events or otherwise unless required to do so by the securities laws. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company's filings with the Securities and Exchange Commission. These filings are available on a website maintained by the Securities and Exchange Commission at www.sec.gov.