MobileMail (US) Inc. (OTCBB: "MBMU")
LONDON -- (MARKET WIRE) -- September 19, 2006 -- MobileMail (US) Inc. (OTCBB: MBMU) is very pleased to announce that its wholly owned subsidiary, MobileMail UK Ltd, has entered into an exclusive distribution agreement for its two-way PC-to-Mobile messaging technology (www.mailsms.co.uk) with NNT Telecom ("NNTT"), a leading value-added communications distributor headquartered in Moscow, Russia.
NNTT, founded in 1997, is a major Russian service provider that provides ISP services and E-mail hosting to both corporate and end-users in Russia. NNTT has a customer base of over 1,500 corporate clients and three major distributors. NNTT possesses a total of six Russian communications licenses required for providing ISP services, general telecom services and text messaging distribution throughout Eastern Russia and through its resellers, NNTT has an extended reach to the whole of Russia. NNTT recently acquired "msolutions," a Russian leading provider of SMS content in Russia through their own SMS premium numbers. NNTT will market the full suite of MobileMail products throughout Russia, where it has existing communications interests in fiber optic networks and satellite communications. Eastern Europe as well as Eastern Asia presents one of the fastest growing markets for text messaging services. The GSM market in Russia has more than doubled over the past few years and there are now over 80 million GSM subscribers that can receive SMS messages from MobileMail's messaging suite, presenting the 3rd largest population of mobile phone subscribers in the world (Netsize Guide 2006).
The revenue sharing based Distribution Agreement between MobileMail and NNTT is for an initial term of twelve months. Corporate clients will pay an up-front license fee plus a monthly maintenance fee in exchange for SMS credits. MobileMail will retain 50% of all revenues received from license fees applied to new corporate user accounts and 50% of the monthly maintenance fees, plus 50% of all profits obtained through the SMS volume generated through NNTT's distribution channels.
Gary Flint, President and CEO, MobileMail (US) Inc., said: "We are all extremely excited by the opportunity of partnering with NNTT. Their established distribution network and large corporate client base provides MobileMail with an opportunity to establish itself in one of the fastest growing and exciting markets in the world. Mobile phone penetration is growing rapidly every year, and now Russia actually has the third largest population of mobile phone subscribers in the world. In NNTT we have the right partner to help secure our position as the leading provider of multi media messaging solutions across Russia, giving us a first mover advantage while enabling us to expand further into the emerging markets in Eastern Europe and China, as well as accelerating distribution through our existing re-seller channels in the UK, Europe, SE Asia and Africa."
Gary Flint continues: "The SMS industry is thriving -- a recent report by Frost & Sullivan 'European Fixed Messaging Markets,' forecasts a rise in revenues from PC to SMS messaging from EUR 34.5 million in 2004 to a projected EUR 424.4 million in 2010. Corporate users and consumers all over the world have taken to SMS as preferred medium of communication, and today more than 56 billion text messages are sent every month. The mobile phone markets in Russia as well as Eastern Europe and China are the fastest growing markets at the moment, and there's still an extremely large but untapped potential in the markets in the years to come. MobileMail is in a position to exploit the huge opportunities and cement our position within the mobile messaging industry."
Nicola Savoretti, CEO, NNT Telecom, said: "The MobileMail telecommunications platform and product suite, based on corporate SMS messaging solutions, represents a huge opportunity in the Russian, Eastern European market as well as in the Asian market. Our company focuses on providing customers with high-quality, reliable products and services at competitive prices. This is an important moment and we look forward to introducing the MobileMail products to our clients throughout this region."
NNTT's President Nicola Savoretti added: "MobileMail's product represents an excellent opportunity in the Russian market. By allowing our corporate customers to send SMS directly from their PC, NNT can differentiate themselves from other Russian providers of corporate ISP and SMS services."
Private Placement for US$1,000,000
MobileMail is pleased to announce that it has received subscriptions to purchase 4,000,000 shares in its common stock at a price of US$0.25 a share for gross proceeds of US$1,000,000. Closing is anticipated to take place on or before December 31, 2006. This additional capital will be used to increase sales and marketing activity, particularly in the Russian market where NNTT have a large corporate client base. A strong foothold in Russia will also aid further expansion into the markets in the rest of Eastern Europe as well as China. MobileMail plans to recruit experienced sales and technical personnel to facilitate the aggressive growth that is expected over the next eighteen months. Funds will be spent on further developing the functionality of our CorporateSMS messaging server; improving messaging efficiency and administrative control, with a view to increasing MobileMail's revenues. Furthermore, MobileMail plans to secure and stimulate its established re-seller channels as well as seek potential new channel partners in both South and North America. Finally, proceeds will be used to review and analyze opportunities in the mobile space with a view to expanding MobileMail's business through strategic acquisitions of complementary technologies within the mobile entertainment industry. This will help to secure MobileMail's intentions of being a market leader in mobile content and delivery solutions.
MobileMail is a United Kingdom based developer of premium mobile communications solution for facilitating cost-effective, fast, convenient, secure and reliable two-way PC-to-Mobile communication. PC-to-Mobile communication significantly lowers the time and cost connected with communicating with, for instance, a mobile sales force or a core customer group. The MobileMail applications can, for instance, be used with communities, fan-groups or the like, where immediate, cost-effective and convenient one-to-many communication is paramount.
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the value of the mobile communications marketplace, the timing of completion of any proposed acquisition or marketing and sales plan and other risks, uncertainties and other factors which may cause the actual results, performance or achievement of MobileMail (US) Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specifically, there are no assurance that the private placement for $1,000,000 will complete on or before December 31, 2006 or at all; there are no assurances that NNT and MobileMail will be successful in entering into any agreements with corporate clients for the provision of SMS services; and there are no assurance that the market for SMS services will grow as predicted or at all. Other risk factors include but are not limited to risks related to the company's ability to execute on its marketing plan including developing licensee and reseller partnerships, risks related to international operations, the company's inability to raise sufficient financing on a going forward basis to execute fully on its business plan, adverse changes in the economic climate and specific economic and technological, changes in the telecommunications marketplace that could adversely affect MobileMail's business as well as those factors discussed in the section entitled "Risk Factors" in the Form SB-2 as on file with the Securities and Exchange Commission in Washington, D.C. Although MobileMail (US) Inc. has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
For more information on MobileMail, please visit www.mailsms.co.uk or contact: Gary Flint President At the address mentioned below:
For more information on NNT Telecom, please visit www.nnt.ru or contact Elena Malyavskaya email@example.com
MobileMail (US) Inc. Suite 5.18 MLS Business Centre 130 Shaftesbury Avenue London, W1D 5EU
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