Packet360 reports record financial performance

4/24/2008 - Glen Allen, VA - Packet360, one of the leading technology integrators in the United States today reported its first quarter results for the period ended March 31, 2008. Packet360 reported record orders, revenue and net income in the first quarter of 2008. Based on generally accepted accounting principles (GAAP), Packet360 reported revenue growth of 125% and net income growth of 158% over the same period last year.

“Packet360 delivered a solid quarter with record revenue and income performance driven by a broad base of customers, products and services” said Kevin Gerber, President and CEO of Packet360. “Having been named the 6th fastest growing IT services company in the United States by Inc. magazine just last fall, our continued growth and success in a softening economy validates our strategy and the hard work of our people. We continue to achieve high rates of growth while maintaining one of the highest customer satisfaction ratings in our market. Packet360’s ability to understand market transitions, execute investments in new business lines, capabilities and people continues to be a key contributing factor to our long-term success.”

Gerber continued, “As we enter the second quarter, our momentum across a diverse vertical base continues to be strong and the execution of our long-term growth strategy remains on track. We are continuing our efforts to hire the best people and we plan to launch a new office in Herndon, VA late in the second quarter. Our customers’ focus is shifting; they are looking to technology to transform their business rather than viewing technology as a necessary expense. Packet360’s products and services have enabled us to lead this trend and to accelerate our accumulation of market share.”

About Packet360

Packet360 is a leading mission-critical IT solutions integrator headquartered in Glen Allen, VA providing value-based solutions to enterprise organizations throughout the United States and Canada. Information about Packet360 can be found at http://www.packet360.com.

Packet360, 360Support, 360NET, 360Watch, 360Manage, 360TAC, 360NOC, and the Packet360 logo are trademarks of Packet360, Inc. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Packet360 and any other company. This document is Packet360 public information.

Press Contact(s):

John Riley

Packet360, Inc.

(804) 545-4713

jriley@packet360.com