The Software Park Tower office of Dot VN Danang (the "SP Tower Office")will (i) manage the construction of the Danang City IDC; and (ii) capitalizeon Danang City's growing market of internet users and businesses that willneed to register domain names and utilize Dot VN's related service offerings.With the signing of the Lease, the Company continues to be on target andexpects the SP Tower Office to be fully operational by the end of 2008.

"In addition to securing valuable property in Danang this past month tobuild an advanced Tier III data center, Dot VN is setting up a fullyoperational team to sell our domain registration and web services to the largeand underserved market in Danang City and central Vietnam," stated Thomas M.Johnson, Dot VN's Chairman and Chief Executive Officer.

About the Company:

Dot VN, Inc. (http://www.DotVN.com) provides Internet andTelecommunication services for Vietnam. Vietnam Internet Network InformationCenter ("VNNIC") awarded the Company an "exclusive long term contract" to bethe first registrar to market and register its country code Top Level Domain("ccTLD") of .VN (Vietnam) via the Internet. Dot VN has established agreementswith international ISP's (Internet service providers) along with over 73 topdomain resellers to commercialize .VN. Also, the Company is currentlydeveloping initiatives to offer Internet Data Center services and Wirelessapplications.

Cautionary Warning Regarding Forward-Looking Statements:

Statements in this press release may be "forward-looking statements"within the meaning of the Private Securities Litigation Reform Act of 1995.Words such as "anticipate," "believe," "estimate," "expect," "intend" andsimilar expressions, as they relate to Dot VN or its management, identifyforward-looking statements. These statements are based on currentexpectations, estimates and projections about Dot VN's business based, inpart, on assumptions made by management. These statements are not guaranteesof future performance and involve risks, uncertainties and assumptions thatare difficult to predict. Therefore, actual outcomes and results may, andprobably will, differ materially from what is expressed or forecasted in suchforward-looking statements due to numerous factors, including those describedabove and those risks discussed from time to time in Dot VN's filings with theSecurities and Exchange Commission. Factors that could materially affect theseforward-looking statements and/or predictions include, among other things: (i)our limited operating history; (ii) our ability to pay down existing debt;(iii) unforeseen costs and expenses; (iv) potential litigation with ourshareholders, creditors and/or former or current investors; (v) Dot VN'sability to comply with federal, state and local government regulations in theUS and foreign countries; (vi) Dot VN's ability to maintain current agreementswith the government of Vietnam and enter into additional agreements with thegovernment of Vietnam; and (vii) other factors over which we have little or nocontrol. In addition, such statements could be affected by risks anduncertainties related to product demand, market and customer acceptance,competition, pricing and development difficulties, as well as general industryand market conditions and growth rates and general economic conditions. Anyforward-looking statements speak only as of the date on which they are made,and Dot VN does not undertake any obligation to update any forward-lookingstatement to reflect events or circumstances after the date of this release.Information on Dot VN's website does not constitute a part of this release.

For more information, contact: Phone: 858-571-2007 X14 Email: Inquiries@DotVN.com Website: http://www.DotVN.com Register your .VN domains at: http://www.VNSOURCE Dot VN, Inc.