Gail Babitt Joins Kowabunga! as Chief Financial Officer

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Tue Mar 24, 2009 5:22pm EDT

CLEARWATER, Fla.--(Business Wire)--
Kowabunga! Inc. (NYSE-AMEX:KOW), a leading provider of performance-based
advertising and technology solutions, today announced that Gail Babitt, age 45,
has been appointed Chief Financial Officer effective March 30, 2009. 

Ms. Babitt has a diverse financial background that couples large public company
management experience with a proven track record of success in an
entrepreneurial technology environment. 

Ms. Babitt most recently served as Chief Financial Officer of WorldSage, Inc., a
global consolidator of post-secondary education institutions, where she helped
develop the business model for a start-up business. 

Previously, Ms. Babitt served as Chief Financial Officer for Pamida Stores, a
private equity owned national merchandiser operating over 200 stores in 16
states with annualized revenues in excess of $800 million. She was a Partner
with Envision Management Group, Inc., a private consulting firm that provides
financial consulting services to various industries; Chief Financial Officer for
Onstream Media Corporation, a NASDAQ listed digital asset management and
streaming media company; and served as VP of Finance and Corporate Controller
for Telecomputing ASA, an Oslo Stock Exchange listed application service
provider. 

Ms. Babitt began her career with Ernst & Young and Price Waterhouse in the
assurance and advisory practice, providing audit services for clients in
diversified industries including entertainment, financial services, retail,
technology and communication, with most of her clients being publicly-traded
companies. From there she became a Manager in the Transaction Services Group of
PricewaterhouseCoopers (PWC), providing financial due diligence for mergers and
acquisitions supporting financial and strategic buyers and sellers. 

Ms. Babitt received her Bachelor of Science degree in accounting from Nova
Southeastern University and her MBA from Boston University, and is also a
Certified Public Accountant. 

"Gail brings to Kowabunga a unique combination of public, private, large company
and small company experience," said Richard Howe, CEO of Kowabunga. "We believe
Kowabunga will benefit from Gail`s ability to translate strategic thinking into
quantifiable shareholder value. Her professional skills and integrity are
impeccable." 

Commenting on her appointment, Ms. Babitt stated, "I am excited about the
opportunity to join the team at Kowabunga. I believe my experience is
complementary to the needs of the company." 

About Kowabunga! Inc. Kowabunga is a leading provider of performance based
advertising and technology solutions. The company operates three business units
including a Direct Marketing unit, an Advertising Exchange, and a Media & Web
Properties segment. For more information, visit www.kowabunga.com. 



Kowabunga! Inc.
Ryan Riggin, Vice President of Marketing, 727-324-0046
ryan.riggin@kowabunga.com

Copyright Business Wire 2009

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