LONDON, England and NEW YORK, March 10 /PRNewswire-FirstCall/ -- MobiVentures Inc. (OTC:MBLV) (BULLETIN BOARD: MBLV) , an international provider of high quality mobile applications, content and services today announced a number of successes since partnering with Froggie S.L. and Norris Marketing Limited on December 6, 2007. They include: -- Five new customer wins for the delivery of content both in Europe and in the USA -- Signing of an Agreement with Mira Networks, a wireless aggregation service provider (WASP) to take MobiVentures' portfolio of mobile applications into South Africa. As part of the Agreement Froggie is running a number of marketing campaigns for some of its existing customers in South Africa using the MobiVentures relationship with Mira. -- An Agreement with Telewide Enterprises, a leading mobile and internet application service provider and content aggregator, which gives the MobiVentures partnership a toehold into mainland China as Telewide has a subsidiary there The partnership agreement between MobiVentures & Froggie is a pre-cursor to the planned acquisition of Froggie & Norris by MobiVentures as previously announced in July 2007. The partnership is expected to provide immediate synergies and enable each of the companies to leverage the joint solutions to be delivered in advance of the acquisition, which is expected to be completed in the first quarter of 2008. Nigel Nicholas, chief executive officer of MobiVentures, commented, "In the short time since MobiVentures and Froggie S.L. joined forces in the partnership, our strong synergies have already enabled us to bring enhanced products and services to our existing customers and to add new ones. We have also deepened our market penetration in Africa and expanded our geographic reach into China through additional strategic alliances. We expect the momentum in our business to accelerate as the result of our newly-formed relationships with Mira Networks and Telewide. We are excited about these developments and the expansion of distribution channels for our content." Sean Conde, CEO & Founder of Mira Networks, stated, "We are excited about our relationship with the MobiVentures partnership, as this will provide us new mobile content and services we can push through our strong emerging market distribution channels. We currently have very strong distribution in African markets and have recently set up European headquarters in Barcelona Spain which will enable us to better leverage our relationship with MobiVentures & Froggie." Gilbert Chan, CEO and founder of Telewide Enterprises, commented, "Telewide continues to offer the most simple, long lasting and profitable business solutions for mobile, and we pride ourselves on our service quality, speed, reactivity, adaptability, simplicity and security. The new partnership with MobiVentures will greatly enhance our product line with their portfolio of applications and services, and also give us better access to the European and North American markets." About Mira Networks Mira Networks is a leading South African-based aggregator WASP (wireless aggregation service provider) offering smaller WASPs and corporate clients connectivity to the customers of all three South African cellular networks across a wide range of technologies such as SMS, MMS and IVR and more. Mira Networks operates across 10 African countries and also has a European office in Barcelona. About Telewide Enterprises Telewide is one of the leading mobile and internet application services providers, payment solution providers as well as content aggregators. Established in 1995 by seasoned telecommunications professionals, Telewide enables information systems to communicate with mobile and internet subscribers through bi-directional voice and text messaging. About Froggie Froggie was founded in 2001 and is a privately held company that is headquartered in Seville, Spain. Froggie owns a powerfully compelling suite of mobile and marketing applications with an extensive client base and strong revenue streams across Southern Europe and Latin America. The company is one of the most solid and well-positioned mobile marketing companies providing value-added services with solutions for two emerging markets; mobile marketing and interactive marketing, combining SMS, WAP and IVR systems to create a one stop shop for technical solutions, content providers and mass media. About MobiVentures MobiVentures Inc. is an established provider of leading edge multi-media mobile content and services, with clients across the UK, Europe, Asia and North America. MobiVentures acquires and consolidates growing companies that operate within the mobile content and service industry. Through the combined scale and resources, MobiVentures seeks to accelerate growth and time to market for its portfolio companies and their respective products, which stand to immediately benefit from the company's broad content array, international distribution channels and strategic alliances. Statements about MobiVentures' future expectations and all other statements in this press release other than historical facts are "forward- looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. MobiVentures' actual results could differ materially from expected results. MobiVentures undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. DATASOURCE: MobiVentures Inc. CONTACT: IR, David K. Waldman, or Klea K. Theoharis, both of Crescendo Communications, LLC, +1-212-671-1020 Web site: http://www.mobiventures.com/

Copyright