Cobalt Holdings, Inc. Changes Name to GigNet, Inc.

Cobalt Holdings, Inc. announced that it has adopted “GigNet, Inc.” as its new corporate name, reflecting the highly successful branding efforts of its GigNet telecommunications company in the Mexican Caribbean. The change aligns the entire company with a single focus on the strong brand and market position it has established with GigNet in Mexico, and simplifies the company's messaging and positioning to its customers, partners, and investors. GigNet has moved from a development company to an operating company. GigNet’s new corporate website address is www.GigNetInc.com.

The Company recently completed a 200-kilometer fiber-optic network from Playa Mujeres to Cancun to Tulum, along with a local sales office and Network Operations Center (NOC), to sell managed broadband solutions to its hospitality and enterprise customers.

GigNet believes it is setting a new international standard in the market for single-source broadband, Internet, WiFi, and security solutions by providing fully redundant dedicated – not shared – bandwidth to its customers, with guaranteed up time and local, 24/7 multi-lingual customer support.

The company offers up to 1 Gig to each hotel property with fiber-to-the-premise and a seamless roaming WiFi solution – with no capital investment by hotel owners, in exchange for a per-room, per-day fee. The company's advanced technology also enables hospitality customers to take better advantage of video streaming, cyber security, mobile apps, and other hospitality innovations that improve customer satisfaction and enhance hotel bottom lines.

GigNet is planning additional marketing branding and sales initiatives in Mexico to further strengthen its already strong market presence. Recently, GigNet’s fiber-optic network was uninterrupted by a massive power outage affecting the entire Yucatan Peninsula. And it is expanding enhanced cyber security services to its managed services portfolio, partnering with Washington D.C. Good Harbor Risk Management, LLC, headed by cyber security expert and author Richard A. Clarke, who also is joining GigNet’s Corporate Senior Advisory Board.