The Mobile Media Company Secures $3.75 Million in New Funding

The Mobile Media Company Secures $3.75 Million in New Funding

Acquisition Solidifies Company's Future Plans to Take Mobile Broadcasting Into a New Era

VIENNA, Va., Aug. 18 /PRNewswire/ -- The Mobile Media Company, The Personal Broadcaster, today announced the acquisition of a new round of institutional funding. The cash injection of $3.75 million enables The Mobile Media Company to expand its global operations and, in particular, increase the scale of its business in North America.

This announcement comes on the heels of the company's recent acquisition of Rubberduck Media Lab, which allows Mobile Media to offer the latest in video streaming services. The Mobile Media Company is the world's leading producer and distributor of branded, made-for-mobile entertainment.

The new round of funding was led by an undisclosed group of investors. The company's management team comprises a leading group of experienced, international professional content and broadcast technologists and wireless industry experts including Mobile Media CEO Karsten Hauge.

"Mobile Media is the leading global showcase developer and provider of personal broadcasting solutions," says Hauge. "We have used innovative and brilliant technologies coupled with an unparalleled knowledge of the broadcast, content and gaming communities to take personal broadcasting to a new age."

The Mobile Media Company delivers branded entertainment to over 500 million subscribers worldwide, and offers new revenue and development streams for broadcasters, content developers and mobile network operators alike. The company works with leading industry players and a wide range of customers including mobile network operators, broadcasters, media companies, and major consumer brands. Its most recent announcements include an agreement with the Hunan Movie and Television Channel (HTV1), one of the leading provincial TV stations in China, to provide mobile participation TV shows and services to an audience of over 64 million people.

"We're committed to the future of mobile technology as the premier destination for information and entertainment," says Hauge. "Mobile devices will be as important as a source of information and entertainment as the television set currently is, and this second round of funding affirms our commitment to the future of mobile entertainment, and our evolution as The Personal Broadcaster."

About Mobile Media

The Mobile Media Company is the leading producer and global distributor of branded, made-for-mobile entertainment, interactive TV formats and mobile marketing concepts. The Company currently engages with an audience of over 500 million mobile users throughout Europe, North America, South America and Asia Pacific, working in partnership with mobile network and portal operations, media companies and brand managers and agencies. Mobile Media is headquartered in Oslo, Norway, with offices and technology development centers in the U.K., Romania, Hong Kong, China and the U.S.

For more information, please visit: http://www.mobilemedia.com/ or send an e-mail to Info@MobileMedia.com.

Source: The Mobile Media Company

CONTACT: Press Contacts: Mobile Media: General: Press@MobileMedia.com;
US: David DiRamio, +1-610-642-8253, E-mail: DavidD@GregoryFCA.com; Norway:
Steinar Svalesen, +47-9572-8490, E-mail: Steinar.Svalesen@MobileMedia.com; UK:
Kevin Taylor, E-mail: Kevin@CompanyCare.com; Gary Marshall, E-mail:
Gary@CompanyCare.com

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

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