hi5 Expands Leadership Team as Company Experiences Dramatic Growth

Company Appoints Board Chair, CFO, Business Development and Marketing Executives

SAN FRANCISCO, CA–(EMWNews – August 13, 2008) – hi5 Networks, one of the world’s largest

social networks, introduced an expanded leadership team to fuel the

company’s worldwide growth. The additions to the executive team come at a

time of dramatic growth of the company’s core business. Monthly unique

visitors on the popular hi5.com social networking service increased from 31

million to over 56 million in the first six months of this year — a 79

percent increase, making it the fastest-growing major social network in the

world.

To support that growth, the company has hired a number of senior executives

to develop key functional areas. To head up the company’s finance, human

resources, and administrative functions, Jeff Stephens joined hi5 as chief

financial officer. Previously, Jeff was senior vice president finance and

administration and corporate controller at QuinStreet, Inc., a leading

online marketing and media company, as well as corporate controller at

Sonnet Financial.

To expand monetization initiatives and grow the company’s partner

ecosystem, David Kim has joined as vice president, Business Development &

Strategy. David manages partnerships, revenue initiatives, and strategic

planning for the business. Prior to hi5, David was senior vice president at

Harcourt Education, a division of Reed Elsevier, where he led strategy and

business & corporate development and oversaw the sale of the division’s

assets to Pearson and Houghton Mifflin, respectively, in 2007. David also

worked with several consumer web companies while at The Boston Consulting

Group and Wilson Sonsini Goodrich & Rosati. Leading hi5’s mobile business

strategy and partnerships is Noelia Amoedo who joins as vice president,

Mobile. Originally from Spain, Noelia joins hi5 from Buongiorno, a

worldwide provider of mobile value added services, where she was Managing

Director of Buongiorno’s U.S. Division.

To continue in the development of a world class product, Ram Gudavalli, was

promoted to the role of vice president, Engineering. Since joining hi5 in

2004, Ram has been instrumental in developing highly scalable technology

and in helping to build a world-class engineering organization. Prior to

hi5, Ram held engineering positions at Mixonic, a new media duplication,

printing and fulfillment service.

To help build awareness for the brand and further drive adoption for the

service, Michael Trigg joins hi5 as vice president, Marketing. Mike was

previously co-founder of Truviso, a real-time data analytics company, and

VP of Marketing at Spoke, a professional social networking site. Mike has

also held corporate, product, and brand marketing positions at Epiphany,

3Com and MCI. To lead hi5’s public relations and corporate communications,

Adriana Gascoigne joins as director of communications. Adriana was

previously at Ogilvy PR, as VP of their 360 Digital Influence division, and

launched a variety of web 2.0 companies at FutureWorks Media.

Finally, the company also announced Karen Richardson, an advisor to Silver

Lake Partners, as an addition to the hi5 Networks board of directors and

chair of the board. Richardson accompanies Jon Feiber, General Partner at

MDV-Mohr Davidow Ventures, and founders Ramu Yalamanchi and Akash Garg on

the company’s board. Karen was previously CEO of Epiphany, Inc., a pioneer

in customer analytics and web marketing software, and was head of sales

during the company’s IPO in 1999. She also held senior sales positions at

Netscape Communications and sales and marketing roles at Lotus, cc:Mail,

and 3Com.

“We’ve experienced tremendous growth in the last year, and I’m thrilled we

have assembled a world class team to capitalize on our market position,”

said Ramu Yalamanchi, CEO of hi5. “The depth and diversity of experience

of our leadership team is a huge asset and will help take our business to

the next level.”

For more information on hi5’s management team, visit

http://www.hi5networks.com/team.html

About hi5

Headquartered in San Francisco, CA, hi5 is one of the world’s largest and

fastest-growing social networks. Our focus is to empower our users to

build and maintain culturally relevant connections between friends and

family online. With over 50 million unique visitors every month, hi5 is a

top 20 website globally and the #1 social network in 25 countries across

Latin America, Europe, Asia and Africa. The service is available in 27

languages, delivering localized content and applications to users

worldwide.