For immediate release

SAO PAULO, SP. — May 10, 2008 — CosmoSoft Technology today announced that it has signed a definitive agreement to acquire FlashEXperience.com and its ground-breaking web-based project codenamed “Tunes”. The acquisition furthers CosmoSoft's commitment to delivery of world class web-based software applications. Separately, CosmoSoft begin a total business reformulation that focuses on innovative web-based software products, no more outsourcing and professional services only available to provide customer support.

The founder of FlashEXperience.com already joining CosmoSoft like co-founder since year 2000, bringing now FlashEXperience Team wealth of knowledge and experience in Flash Plataform. With extensive background in the development of Flash Rich Applications and Components, the FX Team and Partners developed a rich environment for the next generation of work.

Increasingly, the Web is becoming the platform for the “future of work,” where people come together to share each other’s work anytime, anywhere. This announcement marks a milestone for CosmoSoft as it expands domain of Flash rich applications and components.

About CosmoSoft Technology

CosmoSoft is a global company in innovative web-based software products designed to engage with industry leaders technologies, electronic marketplaces and communities. CosmoSoft mission is to encourage innovative, secure and stable internet solutions through the development and delivery of world class web-based software applications that are backed up by exceptional customer service. For more information, visit www.cosmosoft.us .

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