Dear Shareholders,

After a hectic week last week, we're encouraged to see that the global stock markets rallied hard today.

Fortunately, the global economic predicament has not had too tough an impact on Paradise Publishers. In fact, we have already sold roughly one quarter of our current 2009 newsletter advertising inventory, which puts us ahead of last year's sales.

Going Public

Paradise Publishers is getting very close to our public listing. We are now fully registered with our transfer agent: Global Sentry Equity Transfer (http://www.gsetransfer.com) and we are finalizing our arrangements with our Market Maker, 866AG Wertpapierhandelsbank.

The current global economy has slowed our progress slightly as the above groups are heavily preoccupied with their current clients, but the listing is nearly complete.

Ads for PDF's

Recently Paradise Publishers was invited to participate in a private beta program held by Adobe and Yahoo. This program, titled 'Ads for PDF's' will allow publishers to insert advertising handled by Yahoo into Adobe PDF documents.

This is important to us because our members download several thousand PDF books from our site, www.Free-eBooks.net, every single day, opening up a whole new advertising channel for us.

New Design and Videos

Last week we launched a newly designed www.Site-Reference.com and introduced an innovative video section.

Paradise Publishers is amongst the first in our industry to produce and market 'how to' videos aimed at web professionals and we are confident this will position us ahead of the curve.

Introduced on Thursday, our top videos have already received thousands of hits (top one receiving 2013 hits)

An example video can be seen here: http://www.site-reference.com/videos/Search-Engines/8-SEO-Techniques-Every-Webmaster-Should-Know-29.html

We'll working on adding social aspects to these videos shortly so users can comment, bookmark and share these videos.

I will keep you updated on further developments especially in regards to our public listing. Management sees this as ideal time to move forward as investors are now gaining reassurance in the markets.

Best Regards,

Nicolas Gremion