KeyOn Augments Presence in Iowa With Purchase of Onawave Wireless  

Rural UniFi program continues to gain momentum with seventh acquisition

OMAHA, NE (November 9, 2010) -- KeyOn Communications Holdings, Inc. (OTCBB: KEYO), one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, announced today it has completed its acquisition of substantially all of the wireless broadband assets of Onawave Wireless which increases the company’s already expansive network footprint in Iowa. Onawave Wireless represents the third acquisition of network assets and subscribers in Iowa under Rural UniFi since its inception in the fourth quarter of 2009.

Rural UniFi is a strategic acquisition initiative designed for independent wireless broadband companies to realize immediate value from their networks by being acquired by or merging with KeyOn. This acquisition is KeyOn’s seventh acquisition under the Rural UniFi program, and the company’s eleventh acquisition overall.

Jason Lazar, KeyOn’s Vice President of Corporate Development and General Counsel, stated, “The purchase of Onawave adds to our operations in Iowa and allows us to reduce operating costs by integrating an adjacent KeyOn network into a single Internet termination point. As a result, this transaction is immediately accretive.”

Interested wireless broadband operators can visit KeyOn’s unique initiative through the company’s website (www.keyon.com/ruralunifi.html) where they can receive more information and begin the qualification process.

About KeyOn Communications Holdings, Inc.

KeyOn Communications Holdings Inc. (OTC BB: KEYO) is one of the largest providers of wireless broadband, satellite and voice over Internet protocol (VoIP) services in the United States, primarily targeting underserved markets with populations generally less than 50,000. KeyOn offers broadband services with VoIP and satellite video services to both residential and business subscribers across 12 Western and Midwestern states. Through a combination of organic growth and acquisitions, KeyOn has expanded its network footprint to reach approximately 55,000 square miles and cover over 2,800,000 people, as well as small-to-medium businesses. With its successful track record of acquiring companies through its Rural UniFi initiative and growth of its overall subscriber base, KeyOn is one of the leading wireless broadband companies in the United States. Management intends to drive subscriber growth through additional acquisitions as well as organic growth across the company’s expanding footprint by offering bundled services including broadband, video, VoIP and related valuable services such as the Bullseye Club. The company also intends to opportunistically build mobile and/or nomadic WiMAX networks in and around its market footprint. More information on KeyOn can be found at http://www.keyon.com. Companies interested in participating in Rural UniFi can visit www.keyon.com/ruralunifi.html.

Safe Harbor Statement Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective.