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The Children's Internet Announces Its Stock Purchase Contract Extension and Retail Merchandizing Services Agreement

Posted on: Monday, 11 February 2008, 15:00 CST

The Children's Internet, Inc. (OTCBB: CITC) announced today that it has amended the terms of its agreement with The Children's Internet Holding Company (TCI Holding) to extend the outside termination date (the "Closing") of the Definitive Stock Purchase Agreement (DSPA) from January 31, 2008, to February 29, 2008.

The DSPA provides for the purchase of 128,040,988 shares of TCI stock for an aggregate purchase price of $8 million and a warrant to purchase up to 128,040,988 shares of TCI common stock at an exercise price equal to the purchase price per share of common stock under the DSPA. The warrant may only be exercised after the closing of the DSPA, and then, only until April 30, 2008.

Richard J. Lewis III, TCI's Acting CEO and the Manager of TCI Holding, stated, "After unforeseen delays relating to the proposed SEC settlement with TCI and the required technology due diligence completion by TCI Holding under the DSPA, we now believe that these impediments to the Closing have been removed and TCI Holding is moving forward with its capital raise to meet the Closing date of February 29, 2008."

TCI also recently entered into a Retail Merchandizing Services Agreement (the "Services Agreement") with Advanced Sales and Marketing (ASM). Under the terms of the Services Agreement, ASM will provide in-store retail merchandizing services, including the servicing and distribution of TCI products to over 10,500 stores. The term of the Services Agreement is for one year.

Mr. Lewis commented, "This is a tremendous opportunity for TCI. ASM is one of the Nation's leading merchant service providers."

About the Children's Internet, Inc.:

The Children's Internet, Inc. http://www.ChildrensInternet.com is the exclusive marketer and distributor of The Children's Internet(R) membership based service created just for kids. The Children's Internet is the most comprehensive, secure Internet service and "educational super portal" for children, pre-school to junior high, providing them with SAFE, real time access to millions of the best pre-selected, pre-approved educational and entertaining web pages accessed through a kid-friendly search engine.

The Children's Internet provides kids with a rich array of easy to use applications, including secure e-mail, search engine, homework help, games, news, learning activities and virtually limitless educational resources all within its safe, protected online community that gives kids a sense of freedom and parents total peace of mind!

Awards won by The Children's Internet(R):

The Children's Internet(R) was declared winner of Outstanding Products of 2006 by iParenting Media Awards in the software category.

The Children's Internet(R) received the coveted National Parenting Center's Seal of Approval.

The Children's Internet(R) was ranked by PC Magazine as Editors' Choice in the category of "Kids' Browsers and Services" and declared the winner, rated #1 over AOL, MSN and EarthLink.

Forward-Looking Statements:

This press release may be deemed to contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements are made as of today's date and we do not undertake any obligation to update forward-looking statements. You can identify such statements by our use of such words as "should,""expect,""will,""intends," and similar words and phrases which denote future events and which may depend on the future performance of the Company. Specifically, these include statements as to future product releases, the implementation of strategic initiatives and the ownership in TCI upon completion of the transaction and whether or not the transaction will be consummated. Our assumptions underlying these statements are also "forward-looking" statements. Forward-looking statements are based on information and assumptions that are dynamic in nature and subject to rapid and sometimes abrupt changes. Our forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those stated or implied by the statements. Our forward-looking statements are also subject to important risks and uncertainties detailed in our latest reports filed with the SEC and available on its website at www.sec.gov.

 INVESTOR RELATIONS CONTACT:  ir@tciholdingco.com Phone: (916) 965-5300 Fax: (916) 965-8275  

SOURCE: The Children's Internet, Inc.

Source: MARKET WIRE

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