Rio de Janeiro, May 16, 2008 - Ideiasnet S.A. (Bovespa: IDNT3) a path of long term investment in TMT in Brazil, announces its 1Q08 Results. To access the complete Release, click here.

Highlights:

• Proportional combined gross revenue was R$ 241.5 million in the 1Q08, a 115.6% growth over the 1Q07.
• Proportional combined EBITDA totaled R$ 1.9 million. When compared to the 1Q07, it fell 55.5%. Excluding the Softcorp results, the fall would be of 9.3%.
• Some of the main Padtec's clients have requested to postpone the delivery of equipments produced by the company. Therefore, delaying the revenue and so affecting the EBITDA this quarter.
• According to the Brazilian Institute of Geography and Statistics (IBGE), the PCs sector registered the highest fall among the 27 sectors analyzed in the first quarter of 2008. The main factors for this fall have been the continuation of "Persona" Operation and the Strike of Brazilian IRS auditors.
• In January 2008 Ideiasnet, in anticipation of the Virtus operation involving the merger of Automatos and Visionnaire with other companies in the IT industry, increased its holdings in Automatos from 18.9% to 34.6%.
• E-Commerce in Brazil grew 49% in the 1Q08 over the 1Q07, with revenue of about R$ 1.84 billion, according to e-bit, an entity that monitors the sector's development. This result had a positive impact on the performance of the IdeiasVentures companies: Zura!, Braspag and NetMovies.
• For 2008, Ideiasnet shall maintain its growth estimate for proportional combined gross revenue between 20% and 25%, and EBITDA between 50% and 60%. These projections do not consider any possible contribution from iMusica, Virtus or recent or future mergers and acquisitions.

Results Conference Calls with
Rodin Spielmann - CFO and IR Officer
Carlos Aguinaga - Chairman of the Board of Directors
Jorge Salomão - Padtec's CEO
Fábio Gaia - Officer's CEO

 
Live webcast through the internet: www.ideiasnet.com
 
For additional information, please contact our IR team:
ri@ideiasnet.com.br