Etelos Releases Etelos Share, an On-Demand Dedicated Virtual Server

Business Wire,  June 30, 2008  

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Etelos Gives Businesses a Central, Password Protected Server Environment to Host Company Data, Files and Project Collaboration in the Cloud

SAN MATEO, Calif. -- File sharing and collaboration are requirements for dynamic and fast growing businesses. Etelos, Inc. (OTCBB:ETLO) today announced Etelos Share[TM], an enterprise-class service that enables any business to utilize a virtual server.

Etelos Share brings a company's data onto a secure server that is accessible from virtually anywhere. This service provides backups, secure data storage and secure access to a company's files anywhere and anytime.

Etelos Share provides online file storage, file backup and file sharing between named users. Etelos Share is not a publishing system, but rather a business file sharing service used to manage corporate digital assets and intellectual property. Accessed as an external drive, Etelos Share is password protected with unique usernames and kept in a secure hosting environment.

"Etelos Share is a seamless and productive way for businesses to share files, without the hardware, technical skills and time to install and maintain their own servers," said Danny Kolke, Etelos founder & CTO. "This is an important link in running your business online. As business applications migrate to the Web, it is inevitable for data to follow. We keep your businesses running and accessible no matter where you are."

As part of this Etelos solution, businesses can also manage their inventory of applications and Etelos Share user accounts. Businesses can manage all their applications, their billing and their data through one simple interface.

Etelos Share is an important step in moving a businesses' application into the cloud, making every aspect of their operations accessible from anywhere in the world. Etelos Share keeps a company's data safe, secure and accessible.

Etelos Share is priced at $4.95 per month, which includes 5GB of storage. Each additional GB is $.34. This service is now available through the Etelos Marketplace[TM] at etelos.com.

About Etelos, Inc.

Etelos provides on-demand browser-based applications on the hosting environment that you choose. Etelos[TM] technology for developing and deploying on-demand applications is revolutionizing the world of software distribution. The Etelos Marketplace[TM] gives developers an easy way to license, distribute and host their applications, and businesses a wide selection of fully customizable, on-demand applications. Etelos, Etelos CRM[TM], Etelos Projects[TM], and Etelos Marketplace are trademarks of Etelos, Inc.; other trademarks are the property of their respective owners. For more information about Etelos, please visit www.etelos.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Etelos' business which are not historical facts may be "forward-looking statements" that involve risks and uncertainties. Forward-looking statements include, among other things, statements concerning the security, capabilities and availability of Etelos Data Share, market trends toward virtual management of data and applications, the future financial performance of our company, the acceptance of our products and services, the success and timeliness of our product and platform roll-out and other statements qualified by words such as "anticipate," "believe," "intend," "may" and other words of similar import. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation: For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's reports that Etelos files periodically with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and Etelos undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

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