JUM Jumpit

RNS Number:3474D
Jumpit ASA
22 May 2006







Jumpit ASA



Sales and distribution agreement for Dubai and the Middle East



Jumpit ASA ("Jumpit" or the "Company"), the developer of power solutions for
handheld devices, is delighted to announce a new order and distribution
agreement for Dubai and the Middle East region between Jumpit and Asboco LLC ("
Asboco") of Dubai.



Asboco have placed an initial six month order for disposable mobile phone
batteries with a contract value for Jumpit of approximately USD 3 million. The
first delivery will be made within the next forty five days with the remaining
deliveries to be made in instalments. Asboco has agreed to pay an initial
deposit to Jumpit with the remaining balance to be paid on delivery.



About Asboco:-

Asboco is a Dubai based conglomerate involved in several types of business and
is one of the leading distributors of Nokia mobile phones in the Middle East
region.



Petter Kleppe, Jumpit CEO commenting on the new agreement said; "I am very
pleased to see the work we have done in the past few months to increase our
sales and distribution has resulted in this significant contract win. This
agreement is important for us in terms of revenue and profit. We are also
confident that the Company will soon be able to announce further new profitable
deals both on existing products and new products which will be launched very
shortly."







                                               -E N D-


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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