RAMALLAH, Palestine and MODI'IN, Israel, May 29 /PRNewswire/ --

- Unveils Revolutionary Free Virtual Computer Announces Investment From 
Benchmark Capital

The G.ho.st(TM) Virtual Computer was selected yesterday as one of just
five new consumer technologies from around the world to launch on-stage at
the Wall Street Journal's prestigious D: All Things Digital conference.
G.ho.st (the Global Hosted Operating SysTem at http://G.ho.st, pronounced
"ghost") offers its Web-based Virtual Computer (VC) free of charge to every
human being.

G.ho.st is proud to be the first joint Palestinian-Israeli technology
start-up and one of the only companies developing a major new technology in
the Palestinian territories. The unique joint Palestinian-Israeli team
comprises over 40 Palestinian and Israeli professionals collaborating across
political and physical barriers, primarily using Internet videoconferencing.

The G.ho.st Virtual Computer (VC) advances the trend of Web software
(software-as-a-service) to the next generation with an entire personal
computing environment (desktop, file system, applications, and settings)
hosted in the cloud. Benefits of the G.ho.st Virtual Computer include:

*Access to user's desktop from any Web browser.

*Admin-free: Secure, up-to-date and backed up with no installation
required.

*G.ho.st desktop, file system and many of the applications are free of
charge.

*Manages web resources: files, applications and web stuff with one URL,
one sign-on and interoperability.

G.ho.st is in public alpha and expects to launch a beta service that will
be ready for "prime time" use around Halloween 2008. Users worldwide are
encouraged to adopt G.ho.st as their primary computing environment or as a
secondary environment to be used away from home.

According to G.ho.st Founder & CEO Zvi Schreiber, "G.ho.st is bursting
through cultural, technological and physical barriers. Our team spans the
Palestinian-Israeli divide and our Virtual Computer provides a rich personal
computing environment that is not tied to any specific location, hardware or
budget."

Rami Abdulhadi, G.ho.st's Director of Marketing Communications, speaking
in Ramallah, Palestine, added "G.ho.st is demonstrating that Palestinians and
Israelis can work together and that Palestine has the potential to host a
thriving high tech industry. Collaboration and economic growth could energize
the Palestinian-Israeli peace process".

G.ho.st also announced today that its lead investor is Benchmark Capital
which operates in California and Israel, has $2.5billion under management,
and is known for such successes as EBay and MySQL. The financing will be used
to accelerate research and development in order to ensure a strong beta
launch.

"We are very excited about our investment in G.ho.st and look for it to
become the organizing principal for all web services in this next generation
of the Web. The remarkable team has moved technological mountains to bring
G.ho.st to life." said Michael Eisenberg, partner at Benchmark Capital
Israel.

Several individual investors, including ex-Mircrosoft executives and
veteran industry investors, have participated in investment rounds in a
personal capacity. These included Paul Maritz, who managed the development of
Windows at Microsoft.

About G.ho.st

G.ho.st (the Global Hosted Operating System, pronounced "ghost") provides
a free Web-based Virtual Computer (VC) to every human being. The G.ho.st VC
service includes a personal desktop, files and applications, available from
any browser. G.ho.st is the world's first and only true open Web Operating
System (Web OS), working seamlessly with leading third-party Web
applications. The G.ho.st VC delivers a mature computing environment to every
person, which is free of charge, available everywhere and admin-free. The
G.ho.st VC service is available at http://G.ho.st. G.ho.st has 40 employees
in Palestine and Israel and is funded by Benchmark Capital.

Contact details:

    Rami Abdulhadi
    Director MarCom, G.ho.st... No walls
    Email: press@corp.g.ho.st
    Skype: Rami Abdulhadi
    Mobile: +972-599-222276