TAMPA, FL--(MARKET WIRE)--Feb 12, 2008 -- US Biodefense, Inc. dba Internet Holdings Corp, traded on the over the counter market (OTC BB:USBF.OB - News), today announced that it has agreed on terms to acquire 100% of the shares of Elysium Internet, Inc. a profitable direct navigation Internet Media Company and wholly owned subsidiary of FTS Group, Inc. (OTC BB:FLIP.OB - News).

US Biodefense, Inc. doing business as 'Internet Holdings Corp' and FTS Group CEO Scott Gallagher commented, "We have entered into a liquidity event transaction that I firmly believe will benefit the shareholders of both Internet Holdings Corp and FTS Group. The transaction will result in Elysium Internet becoming an independently operated publicly traded direct navigation Internet Media Company, while creating a tremendous growth opportunity for the stockholders of both Companies. We expect the transaction to close in 30 to 45 days pending completion of certain filings and other routine transactional issues."

Below are some of the details of the proposed transaction:

  --  FTS Group will receive shares of a new class of convertible preferred     stock that converts into 60% of the outstanding shares of USBF.  --  FTS Group will issue USBF an interest bearing note of between $1     Million and $1.5 Million (pending final valuation) in exchange for its     domain portfolio.  --  US Biodefense, Inc. (dba Internet Holdings Corp) will change its name     to Elysium Internet, Inc.

Gallagher went on to say, "As the founder of Elysium Internet I'm very excited by the prospect of unlocking the future growth potential of Elysium as a stand alone Company in the very exciting Internet Domain/Media Space. We expect to close several high level domain purchases in the near term as well as begin the roll out of our domain monetization platform developed by our subsidiary Dice Ventures, Inc. Judging from the recent activities of the leading Internet Media players It's going to be an exciting year for our Company and for the industry in general."