RAKETU INTRODUCES FREE GLOBAL SMS-TEXT MESSAGING, AND CUTS GLOBAL SMS-TEXT RATES BY UP TO 67%

Consumers Can Now Take Advantage of Raketu’s New Free SMS-Text Messaging and Take Advantage Of Lowest SMS-Text Rates To Any Location Globally

New York, NY – May 7, 2008 - Raketu, a leading global Internet communications, information, entertainment, and social networking company today announced that the company will reduce its global SMS-Text Messaging service rates by up to 67%. Effective immediately, consumers can take advantage of Raketu’s discounted sms-text message rates, making it the lowest text messaging rates to any location globally. Raketu also announced a new free sms-text promotion. Users who deposit a pre-payment to use the Raketu services currently receive up to 1200 minutes international calling per month for 3 months absolutely free, and will now also receive 3 free sms-text messages per month for 3 months to any location, anywhere in the world.

“Raketu now offers the best calling and sms rates to any location around the world,” said Greg Parker, president and CEO of Raketu. “And with our free international minutes and sms-text messaging, Raketu is by far the least expensive way for our users to call or text their friends, family and business partners globally. With the recent addition of our mobile services, there are now more ways than ever for consumers to take advantage of our discounted calling and texting rates.”

Raketu runs over any Internet connection from roaming mobile services to dial-up to broadband and offers consumers access to their account from any device. See www.Raketu.com for details.

About Raketu Communications Inc.

Raketu Communications Inc. develops leading edge peer-to-peer Internet protocol applications that provide communications, information, media and social networking services for consumers and for business. The company currently has users in over 150 countries around the world. For more information on Raketu, please visit: www.Raketu.com.