Kowabunga to Host Fourth Quarter 2008 Conference Call on March 31

Kowabunga� (AMEX:KOW) announces that it will release earnings for the period ended December 31, 2008 at market close on Tuesday, March 31, 2009. Richard K. Howe, Chief Executive Officer and President, will host a conference call that afternoon at 4:30 p.m. Eastern Time to review these results.

Participants can access the call by dialing 800-762-8779 (domestic) or 480-248-5081 (international). In addition, the call will be webcast on the Investor Relations section of the Company's website at�www.kowabunga.com�where it will also be archived for 45 days. A telephone replay will be available through Tuesday, April 14, 2009. To access the replay, please dial 800-406-7325 (domestic) or 303-590-3030 (international), passcode 4032578.

About Kowabunga

Kowabunga is the leading provider of interactive performance-based advertising networks and technology platforms. Kowabunga provides a comprehensive and integrated set of scalable and cost-effective marketing solutions for both advertisers and publishers. These solutions increase customer retention and revenues through a diverse set of related marketing channels, including affiliate marketing, click-fraud-protected pay-per-click advertising, lead generation, interactive direct marketing, integrated offline advertising, campaign management, public relations, and branding. Kowabunga also operates several direct-to-consumer services including online education and home business opportunities. High-profile brands include ValidClick�, MyAp�, PrimaryAds�, BabyToBee�, Second Bite� and MSA. For more information, visit www.kowabunga.com.

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