Kowabunga to Host First Quarter Conference Call on May 14, 2009

Kowabunga!�, Inc. (NYSE-AMEX: KOW) announces that it will release earnings for first quarter 2009 on Thursday, May 14, 2009. Richard K. Howe, Chief Executive Officer, and Gail Babitt, Chief Financial Officer, will host a conference call at 2:00 p.m. Eastern Time to review these results.

Participants can access the call by dialing 888-669-0684 (domestic) or 201-604-0469 (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 Thursday, May 28, 2009.

To access the replay, please dial 888-346-3949 (domestic) or 404-260-5385 (international). At the system prompt, enter the pin code 8888923. After prompted to dial �4� for the playback, you will then be prompted to enter the confirmation number 20090501199330.

About Kowabunga!�, Inc.

Kowabunga is a leading provider of performance based advertising and technology solutions. The company operates two businesses, a Direct Marketing business and an Advertising Exchange business. For more information, visit www.kowabunga.com.

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