August 30, 2004
Kineticom Announces Opening of New UK Office and Expansion of EMEA Operations

SAN DIEGO August 30, 2004 - Kineticom Inc., a leading supplier of human capital services for technology companies and executive and managerial search services for the Venture Capital community, today announced the opening of a new UK office. In October, Kineticom Ltd., Kineticom's European subsidiary, will relocate its existing headquarters in Buckinghamshire to a new larger location in Western London (W1). This expansion, which includes the addition of subsequent recruiting staff and support personnel, is designed to support an increase in business from Kineticom's existing European customers, as well as additional incoming projects from new wireless carrier and vendor customers in North Africa and the Middle East.

Mike Pita, who has served as Director of Kineticom Ltd. since 2002, will continue to serve as General Manager. Said Pita, "Kineticom Ltd. has quickly established a stellar reputation within the international technology community. Our customers have found our staffing model to be uniquely suited to their long-term demands. In addition, Kineticom's experience in identifying quality candidates across multiple fields is something that sets us apart from the competition, and will enable us to continue to serve as a preferred vendor for the provision of human capital."

Launched in 2002, Kineticom's Ltd. was established to provide European wireless companies with a cost effective means of identifying quality personnel for short-term technical projects. Since its inception, Kineticom Ltd. has expanded its scope of operations to serve virtually every field of communications technology, including wireline networks, satellite telephony, internet and data services, and next generation voice-over-IP (VOIP) technology. Today the company is supplying project-based technical staffing services to leading European telecommunications carriers and equipment vendors. In addition, Kineticom Ltd. is a leading provider of information technology (IT) staffing services to small and medium-sized enterprise businesses throughout the EMEA region.

"We are extremely pleased with the continued growth of our international operations, said Simon Billsberry, CEO of Kineticom. Over the past two years we have seen significant diversification not only in our service offering, but also in the type of clients Kineticom is supporting within the region. As our European customers continue to comprise an increasing portion of our overall business, we will continue to invest resources that will allow Kineticom to remain their preferred vendor of choice for high-quality human capital services."

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