QED Connect Approves Formation of Advisory Committee

Committee to Make Recommendations Aimed at Improving Shareholder Value

NASHUA, NH -- (MARKET WIRE) -- 05/23/08 -- QED Connect, Inc. (PINKSHEETS: QEDC), an innovative Software-as-a-Service (SaaS) provider for the information security market, announced today that it has formed a formal advisory committee with the objective of improving shareholder value. The committee will be comprised of experienced investment professionals who will conduct a thorough evaluation of QED's business model, corporate structure, market position and strategies. They will also assist with recruiting additional members for its board of directors. The committee is expected to provide recommendations based on its findings within the next 30 days.

"The formation of our advisory committee comes at an ideal time," said Tom Makmann, Chairman, QED Connect. "As we continue to gain significant market traction with customers in a variety of industries, it is important that we build a strong foundation for future growth. Ultimately, our goal is to improve shareholder value by ensuring that our corporate structure, business model and overall strategies are positioned correctly. We believe this advisory committee is exactly what is needed to take this company to the next level."

About QED Connect, Inc.

QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet at any time, from any location in the world. This solves the problems created by today's 'virtual' work environment of branch offices, remote workers and traveling employees. Omni Manager is a web-hosted software application that includes e-mail and Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. For more information, visit www.qedconnect.com.

Safe Harbor Statement

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED Connect, Inc., (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

For investor inquiries: ir@qedconnect.com

For media inquiries: pr@qedconnect.com

2008-05-23 16:18:29 0369910 MARKETWIRE