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DONOBi, Inc. Executes Definitive Agreement With Gotaplay Interactive, Inc.

28 March 2006

the owners of www.gottaplay.com. The closing of theDefinitive Agreement is subject to the completion of required audits andlegal filings with an anticipated completion date in April. DONOBi will bethe surviving corporation. Prior to the Merger, DONOBi will complete a onefor six "reverse stock split" of its issued and outstanding common stock.The Definitive Agreement provides that upon the Merger, the stockholders ofGotaplay will own approximately 70% of the outstanding common stock ofDONOBi. DONOBi will change its name to "Gottaplay Interactive, Inc."


DONOBi further announced that it had executed a Letter Agreement withHighgate House Funds, Ltd., the holders of a $700,000 Secured ConvertibleDebenture, (the "Debenture"), secured by 11.5 million pre-reverse splitshares of DONOBi common stock. The Letter Agreement provides that Highgatewill not seek to convert the Debenture so long as DONOBi repays theindebtedness by paying $70,000 per month commencing in May 2006, until theentire Debenture is paid. Upon the final payment of the Debenture, theshares held as security will be returned to DONOBi for cancellation.


"We are very excited about our most recent signing of the DefinitiveAgreement to acquire Gotaplay Interactive, Inc., a leader in the on-linerental of video games for X-Box, Sony Play station, Nintendo and severalportable game consoles. The gaming market presents a huge opportunity forgrowth for the company and Gotaplay, with their proprietary distributionsoftware, is poised to be a leader in the field. We believe that thislatest acquisition will rapidly build value for our shareholders," saysBill Wright, Chief Executive Officer of DONOBi, Inc.


Gotaplay has made two strategic acquisitions of game rental companies overthe last year, and has successfully integrated those operations. Over thepast year Gotaplay Interactive has focused its attention on building outmultiple distribution centers, as well as the development of itsproprietary Game Distribution System ("GDS") software system that links alldistribution centers and provides an integrated network of processes onlineto conduct operations on a national level.


Forward-Looking Statements


Statements made in this press release that state the Company ormanagement's intentions, beliefs, expectations, or predictions for thefuture are forward-looking statements. Such forward-looking statements aresubject to a number of risks, assumptions and uncertainties that couldcause the Company's actual results to differ materially from thoseprojected in such forward-looking statements. These risks, assumptions anduncertainties include: the ability to complete systems within currentlyestimated time frames and budgets; the ability to compete effectively in arapidly evolving and price competitive marketplace; changes in the natureof telecommunications regulation in the United States and other countries;changes in business strategy; the successful integration of newly acquiredbusinesses; the impact of technological change; and other risks referencedfrom time to time in the Company's filings with the Securities and ExchangeCommission.


Contact:Bill WrightCEO of Donobi, Inc.Phone: (360)-473-1160


SOURCE:  DONOBi, Inc.

marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.




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