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InternetArray Provides Mid-Year Update

  //health-fitness.news-articles.net/content/2010/06/29/internetarray-provides-mid-year-update.html
  Published in Health and Fitness on Tuesday, June 29th 2010 at 6:11 GMT by Market Wire
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NEW YORK, NY--(Marketwire - June 29, 2010) - InternetArray, Inc. (PINKSHEETS: [ INAR ]) provided a review and update on year-to-date activities. The company has had a very productive start to the year, in particular with one of its investments Noobis, Inc. To recap:

• InternetArray reported healthy 2009 numbers with net income of $240,043 on $873,422 total income (full statement [ http://bit.ly/aMvMDU ])
• Noobis expanded into the lucrative mobile applications market (full story: [ http://bit.ly/9VSxzu ])
• Noobis is on track for record revenue growth expecting to grow 400% this year (full story: [ http://yhoo.it/bWuZ5E ])
• Noobis has a Parent Monitoring application for Facebook in development (full story: [ http://bit.ly/aYEKjk ])
• Noobis is just completing the first of four online treasure hunts for a grant award that uses its Amplify product (full story: [ http://bit.ly/as0gxe ])

For the second half of this year:

• InternetArray is looking into ways to combine its PremierGoldTraders.com with an online pawn shop to increase market size and penetration.
• InternetArray is analyzing the market and development for expanding BidSellBuy to re-launch as a generalized auction site including all items instead of travel focused.
• Noobis is concentrating on releasing a number of applications for Facebook and mobile devices. The first of these is in closed beta and will be released in the next two weeks.

"The first half of the year has been productive and I believe telling of a very successful year," said Michael Black, CEO of InternetArray. "We like our position in the marketplace and are going to be very aggressive in the upcoming months with our various business units and creating value for our shareholders. Of these business units, we are most excited about our investment in Noobis."

About InternetArray, Inc. ([ www.internetarray.com ])

InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.

About Noobis, Inc. ([ www.noobis.com ])

Noobis, Inc. develops and integrates social media applications and networks. In addition to building its own Internet assets and technologies, Noobis works with clients and partners to leverage the emerging social media marketplace.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.