NeoNova Names Internet Leader Bill Heys as CEO

Industry Pioneer to Focus on Product Innovation, Customer Success, and Revenue
Growth
RESEARCH TRIANGLE PARK, N.C.--(Business Wire)--
NeoNova Network Services, the industry leader in managed IP services for telcos
today announced that Bill Heys has been named CEO and has been appointed to the
Board of Directors. Heys will be charged with leading the continued success and
growth of the company. Company founder Warren Lee retains his board seat and
assumes the role of CTO, continuing as a key customer advocate and as a
technology and industry visionary.

"NeoNova is poised for strong growth and increasing dominance in the rural
telco, cable, and wireless space," commented Lee. "I am proud of what I have
accomplished, and I believe adding Bill's insight and expertise will help
accelerate our growth. As we move into this unprecedented stage of growth, we
need a strong, experienced, and professional management team. Bill will be a
great addition to this team, and I look forward to helping him mold NeoNova for
future success."

Heys brings a unique level of experience to his new role having led successful
managed services businesses, creating white label and private label ISP
products, and acquiring many regional and national ISPs. This experience
correlates directly with the work he will be doing at NeoNova as he leads the
company through its next stage of growth and development.

Heys comes to NeoNova after an extensive career at EarthLink, Inc., where he
served as president of PeoplePC, a wholly-owned subsidiary of EarthLink, where
he also served as executive vice president. In addition, he served as president
of EarthLink`s value and small to medium enterprises business unit. During his
presidency at PeoplePC, Heys added value by improving cost structures, adding
innovative services and products, and attending carefully to customers`
sensitivities and needs. Demonstrating his success, Heys led PeoplePC past its
one million member milestone and guided the company to its status as the
nation's fastest growing ISP at that time.

"Bill is a highly regarded executive in the telecommunications industry with an
extraordinary track record of success," said Ray Carey, general partner at Azure
Capital Partners. "His experience, coupled with his outstanding leadership
capabilities, makes Bill the perfect choice to lead NeoNova through its next
stage of development. I have every confidence that he has the capability,
intelligence, and dedication to inspire both customers and the team to fulfill
on the promise of bringing advanced ISP services to everyone."

"We are delighted to have Bill join NeoNova as CEO," said Matthew T. Cowan,
managing director of Bridgescale Partners. "Bill`s depth of expertise and
industry experience bring great strength to NeoNova in this very exciting time
in the industry as a new host of capabilities will be introduced into rural
markets over existing carriers as well new entrants"

Heys` appointment builds on NeoNova`s market leadership position created by Lee
and his team. Heys will continue NeoNova`s mission to support customer success
by generating revenue growth, by bringing innovative approaches to customer
needs, and by improving infrastructure, systems, and product offerings to
deliver best-in-class IP services.

"NeoNova is a great company and offers a tremendous opportunity to utilize my
experience in providing managed IP services to telcos and ISPs," shared Heys.
"Having participated in the internet industry since its infancy, I understand
the need to provide innovative, cost effective, and reliable services. NeoNova
has the capabilities to grow and we will by providing world class services to
local, regional, and national telecommunications companies."

About NeoNova Network Services

NeoNova is an industry leader in managed IP services that enable service
providers to offer premium Web 2.0 integrated communications, superior customer
support and professional services, and advanced subscriber and network
management services. NeoNova provides a future-proof platform with a
comprehensive suite of applications and value-added services that allow service
providers to become a best-in-class ISP in less time with a greater ROI. Azure
Capital Partners and Bridgescale Partners provided funding for NeoNova after
recognizing the significant opportunity in the rural telecom market and their
unique management team. For more information, please visit www.neonova.net.

About Azure Capital Partners

Azure Capital Partners is a San Francisco, California-based venture capital firm
focused on innovative companies with the potential to become dominant technology
platform providers in major industries. Founded in 2000, Azure began with the
goal of identifying, investing in, and supporting next generation infrastructure
technology companies. To that end, Azure has maintained its clear focus and has
a successful history in funding and supporting winning technologies and business
models. Azure's continued focus on the communications industry and extensive
network of relationships with senior executives in the industry provides unique
access for business acceleration. For more information, please visit
www.azurecap.com.

About Bridgescale Partners

Bridgescale is a Menlo Park, California-based investment firm with deep vertical
expertise in consumer Internet, digital media, semiconductors, communications
hardware, software and related services. Through their years of investing,
advising and operating, Bridgescale has built a broad global network spanning
the entire information technology industry ecosystem. Their proven team has a
distinguished track record of company building and investment success, combining
operational and domain expertise typical of early-stage investing with the
financial and capital markets expertise essential for mid-to late-stage
companies. Bridgescale has more than 75 combined years of operational, venture
capital and investment banking experience and invests in technology companies
that require equity to accelerate growth. The additional capital is used to
scale businesses to their full potential by maximizing organic growth
opportunities, acquiring other assets, entering new markets, and spinning out
from a parent corporation. For more information, please visit
www.bridgescale.com.

Crossroads Public Relations (for NeoNova)
Shawn Ramsey, 919-621-0737; sramsey@crossroadspr.com

Copyright Business Wire 2009