MobiVentures Inc. and Froggie Announce Successful Wins in Its Partnership to Expand Product Offering and Global Distribution
10 Marzo 2008 - 5:52AM
PR Newswire (US)
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/
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