May 4, 2006
WIRELESS SERVICES CORPORATION ACQUIRES MOBILE MEDIA NORTH AMERICA
Acquisition Makes SinglePoint a Leading Mobile Connectivity Provider Serving Media, Advertising and Major Brands
BELLEVUE, Wash. and VIENNA, Va. — April 26, 2006 — Wireless Services Corporation has acquired Mobile Media North America, the leading producer and distributor of branded, made-for-mobile entertainment, interactive TV formats and mobile marketing concepts. Wireless Services Corporation will merge the operations of the company into its SinglePointTM division. SinglePoint makes it easy for content owners, media companies, and advertisers to create, deliver and confirm premium mobile messages. The acquisition was an all-cash transaction for an undisclosed amount.
Wireless Services Corporation was the first wireless data services company, and today it provides a proven carrier-grade infrastructure and mobile messaging services to leading wireless carriers in North and Latin America. Mobile Media, a recognized leader in the mobile content market, introduced premium off-network mobile services to North America. Off-net services include mobile content that is offered outside of a carrier’s brand.
With Mobile Media North America, SinglePoint will provide a simple, powerful way for content owners to create, connect and confirm the delivery of wireless messages to all mobile consumers in North America. It will also offer a fully-integrated distribution and billing platform and premium connections with all major wireless carriers, as well as continuous connectivity to more than 60 leading media and mobile content companies offering mobile entertainment, games, storefronts, and interactive TV applications currently serviced by Mobile Media North America.
“Overnight, SinglePoint becomes one of the leading connectivity suppliers in the mobile content market,” said <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Rich Begert, president and CEO of Wireless Services Corporation. “We are now positioned to help any media organization, advertising agency or company market its brand to reach more than 200 million mobile consumers in North America, and we do not compete with our partners by selling our own content.”
SinglePoint offers mobile content providers and carriers unprecedented support, including access to 24/7 customer service and a network operations center to help with the burgeoning off-net content market. Mobile content providers are also able to track transactions all the way to the wireless consumer.
“Mobile Media delivers unrivaled entertainment and interactive services to mobile communities in North America,” said Soren Schafft, general manager of North America operations for Mobile Media. “Wireless Services’ position as a leading wireless data services company provides Mobile Media with a tremendous opportunity to build on its vision to give consumers, developers, and carriers a superior personalized mobile media experience.”
Wireless Services Corporation’s history of reliably handling billions of messages for carriers and its tested and proven customer care have established a standard for mobile data service and scalability. For example, in the first three months of 2006, Wireless Services Corporation and Mobile Media delivered more than 1.5 billion mobile messages in the US. Wireless Services Corporation’s carrier-grade infrastructure will help media and advertising companies to ensure content is properly formatted for consumers’ mobile devices. Broadcasters, whose high-volume events create tremendous spikes in messaging volume, will be reassured by SinglePoint’s capacity to handle, deliver and confirm that messages are delivered in a timely manner for their real-time events.
“Mobile Media’s connectivity and application portfolio make SinglePoint the first choice for developers and carriers looking for scalable, reliable, and trackable cross-carrier connectivity,” said Doug Busk, general manager of SinglePoint. “Today SinglePoint can provide content developers the keys to easily connect to wireless consumers.”
The new organization will be co-led by Busk and Schafft. Schafft will manage SinglePoint operations in Vienna, Va., while Busk will manage its Bellevue, Wash.-based employees. Rich Begert remains president and CEO of the company and its divisions. The current employees of both companies will form the foundation for its significant growth plans as the mobile content market is expected to experience triple-digit growth in the next two years.
More information on SinglePoint and the Mobile Media North America acquisition can be found at www.gosinglepoint.com.
SinglePoint is a simple, powerful way for content owners to create, connect and confirm the delivery of wireless messages to more than 200 million mobile customers in North America. It combines the proven reliable message delivery service and support of Wireless Services Corporation with premium rate billing and multi-carrier connectivity.
About Mobile Media North America
Mobile Media North America is the leading producer and distributor of branded, made-for-mobile entertainment, interactive TV formats and mobile marketing concepts. The company currently engages with an audience of more than 200 million mobile users throughout North America working in partnership with mobile network and portal operations, media companies, brand managers and agencies. For more information, please visit: www.MobileMedia.com or send an e-mail to [email protected].
About Wireless Services Corporation
Wireless Services Corporation has been developing and operating value-added services specifically for the wireless industry since 1996. A carrier's carrier, Wireless Services Corporation allows wireless carriers to rapidly launch new services and network capabilities that increase revenue and reduce churn. The company's product line includes SinglePoint premium message delivery, iTXT Enterprise Messaging, Text and Picture Messaging, WAP gateway and Mobile Internet services. The company provides carrier-grade reliability coupled with a full-service, 24x7 operations team.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Wireless Services Corporation was founded in 1996 and is headquartered in Bellevue, Washington. Wireless Services Corporation provides outsourced wireless data services and jointly marketed services to more than 25 wireless carriers, including Nextel International, RCC, Sprint Nextel, and Verizon Wireless. More information can be found at www.wirelesscorp.com.
Jeff Fishburn, OnPR
(503) 802-4408 (office)
(503) 799-1988 (mobile)
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This press release contains forward-looking statements by Wireless Services and its executives regarding the market for products and services like ours, the demand for our products, and the performance of our senior management in achieving our goals. The words and expressions "look forward to," "will," "expect," "plan," "believe," "seek," and similar expressions are intended to identify Wireless Services' forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, our evolving business strategy and the emerging and changing nature of the market for our products and services, our ability to deliver on our sales objectives, the ability of our technology and our competitors' technologies to address customer demands, changes in economic and market conditions, unplanned system interruptions and capacity constraints, software and service design defects.