FOR IMMEDIATE RELEASE

Professional Social Networks, Inc.™ Launches the First Professional Social Network for Chief Financial Officers

Great Neck, NY - August 3, 2009 - Professional Social Networks™, Inc. today announced the launch of CFOZone™ (www.cfozone.com), the first and only professional social network for chief financial officers (CFOs).

CFOZone™ facilitates and fosters the top-level information and knowledge sharing that can be critical to a CFO's success. It is the only web site that provides CFOs with an interactive meeting place where they can seek out and instantaneously network with their peers to exchange ideas and experiential learning, solve critical business problems, remain current on emerging trends and technologies, uncover business leads, and advance their careers.

Powered by an award-winning team of business editors, CFOZone™ also offers features beyond its professional social networking platform. These include expert and user-generated content, financial industry information, research and analysis, tools and benchmarks, case studies, a calendar of key online and offline gatherings for CFOs, and a Reuters news feed.

"We think there's a real need out there for CFOZone," says Ronald Fink, CFOZone™ editor. "CFOs absolutely want the latest finance news - and our sort of no-holds-barred analysis of that news." John Goff, CFOZone™ managing editor, adds, "But they also want to chime in on things like SEC rules, tax changes, and raising cash. And they want to be able to network with other finance managers and see what they think." According to Matt Quinn, CFOZone™ senior editor, "Networking with their peers gives CFOs the kind of business intelligence they can't get in a newspaper article or from a piece of software."

CFOZone™ is also unique in that it is the only corporate finance information source that qualifies and organizes its members by peer groups. While anyone involved in the corporate finance profession can join - CFOs, senior finance executives, controllers, treasurers, accountants, financial analysts, investment managers, aspiring corporate finance professionals, members of organizations, associations and professional societies interested in advancing corporate finance - its tiered structure allows CFOs exclusivity from all other non-CFO titles. CFOs have the option of interacting, networking and engaging solely with peers of their same level, or they can choose to interact with the CFOZone™ corporate finance community at large.

"We have been eagerly awaiting the launch of the sister site to CIOZone™," states Ron Kost, VP of Sales, Professional Social Networks, Inc.™. "Professional networks are becoming more important to us all, and vertical ProSocial™ networks like CIOZone™ and CFOZone™ are becoming extremely useful tools to senior executives around the world. CFOZone™ represents a great opportunity for vendors in the financial community to insert themselves into the conversation and help bring to light the solutions and products they are offering the community. We will see the network of ProSocial™ sites grow over time, and through both professional and user-generated content on the sites, we anticipate the exchange of information to take place at a rapid pace. This provides marketers with a unique opportunity to engage the audience of users for these sites in new and valuable ways."

CFOs and other high-level finance leaders can join CFOZone™ - the Network for Financial Executives - by clicking on the link. Membership is free. Membership is also free at its sister site, CIOZone™ - the Network for IT Leadership. Launched in January 2008, CIOZone™ is the first professional social network for chief information officers (CIOs) and is Professional Social Network, Inc.™'s inaugural ProSocial™ network. Click on CIOZone™ to join.

Business Contact:

Ron Kost
Vice President of Sales
646-221-6312
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Editorial Contact:

Ronald Fink
Editor
718-687-0780
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About Professional Social Networks, Inc.™

Professional Social Networks, Inc. is the first international provider of interactive business networks, providing online meeting places that function as the universal rallying point for today's high-powered business and industry leaders.

Professional Social Networks™ is a grass roots business-to-business media and marketing services company. Professional Social Networks™ links buyers with sellers inside professional environments through the fusion of professional social - ProSocial™ - networking and interactive technologies.

About CFOZone™

CFOZone™ is the first and only ProSocial™ network for CFOs. The platform is based on open source technologies and provides an interactive meeting place for chief financial officers and financial professionals. CFOZone™ features expert content, financial industry information, research and analysis, user-generated content and tools to allow members to participate in discussions and forums.

About CIOZone™

CIOZone™ is the first and only ProSocial™ network for CIOs. CIOZone™ is powered by an award-winning team of business and technology editors, as well as by content partnerships with a number of respected organizations including Forrester Research and Robert Half Technology.

Professional Social Networks Inc., the Professional Social Networks Inc. logo, CFOZone, the CFOZone logo, CIOZone, the CIOZone logo, and ProSocial are registered trademarks of Professional Social Networks, Inc. All other trademarks are the property of their respective owners.

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