The Mobile Media Company Raises 7 Million Euro to Expand 3G Mobile Services

The Mobile Media Company Raises 7 Million Euro to Expand 3G Mobile Services

UK-based Investment Fund Helps Mobile Media Offer More Mobile Content to Customers in North America and Asia

OSLO, Norway, Feb. 9 /PRNewswire/ -- The Mobile Media Company (http://www.mobilemedia.com/), one of the leading independent providers of global wireless games, interactive entertainment services, and marketing applications, today announced that the company has raised 7 million Euro to expand its 3G mobile entertainment services.

The highly rated Investment Fund provided the 7 million Euro through a long-term convertible bond issued on the London Capital market. The new funds will enable Mobile Media to accelerate its business development strategy in 2005, particularly the expansion of its 3G mobile entertainment services. Already profitable in Europe, Mobile Media will also use the funds to increase operations in the North American and Asia Pacific markets.

"We believe the international scope of Mobile Media's business is understood by the investor markets, as is the increasing demand for 3G mobile services," says Karsten Hauge, CEO of The Mobile Media Company AS. "Our recent customer contracts have proven the value and demand for these services. This funding allows us to expand into new markets, while immediately delivering an enhanced portfolio of mobile services to our current distribution network of over 500 million mobile phone subscribers around the globe."

The Mobile Media Company will be attending the 3GSM conference in Cannes February 14 - 16, and the CTIA show in New Orleans March 13 - 16. To set up a meeting with Mobile Media at these conferences, please visit http://www.mobilemedia.com/ for contact details.

About Mobile Media

The Mobile Media Company AS (http://www.mobilemedia.com/) is a global provider of wireless provisioning and content solutions, interactive entertainment services and mobile marketing applications. Mobile Media works with leading industry players and a wide-range of customers including mobile carriers, broadcasters, media companies and major consumer brands. The Company was founded in 1993 to pioneer mobile messaging services and technologies and since then, has become a fast developing, multi-media organization with over 200 employees.

The Mobile Media Company AS serves customers in over 30 countries, with mobile connectivity to more than 500 million subscribers in both the mature and developing markets of Asia, Europe, and North America. The Company is headquartered in Oslo, Norway, with offices and technology development centers in the UK, Romania, China, and the USA.

Mobile content providers should contact Mobile Media at CP@MobileMedia.com. To partner with Mobile Media, please contact us at Partners@MobileMedia.com. For all other enquiries, please contact Info@MobileMedia.com or visit us online at http://www.mobilemedia.com/.


Source: Mobile Media Company AS

CONTACT: US: Sarah Galea, +1-610-642-8253, Sarah@GregoryFCA.com, for
Mobile Media; or Norway: Steinar Svalesen, EVP, Mobile Media, +47-9572-8490,
Steinar.Svalesen@MobileMedia.com

Web site: http://www.mobilemedia.com/


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