The Perfect Mobile Match: Global Footprint, Extensive Applications, Integrated Billing, and Financial Strength Create Undisputed Market Leader, Reshape Mobile Industry
THE GLOBAL LEADER IN MOBILE CONTENT, ENTERTAINMENT & MARKETING SOLUTIONS CELEBRATES THE SUCCESSES OF THE PAST YEAR AT THE 2004 CONGRESS
Stand: B1, Hall 1 - The BIBO Yacht
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MOBILEWAY Inc. RECEIVES INVESTMENT FROM THE INTEL COMMUNICATIONS FUND
21 October 2003 San Francisco
Mobileway, a global provider of mobile services, today announced that it has received an investment from the Intel Communications Fund. Financial details were not disclosed. The investment will support Mobileway’s development of an optimized version of its wireless services and solutions for mobile devices based on Intel ®Personal Internet Client Architecture (Intel ®PCA).
Mobileway has experienced dramatic growth over the past three years both in terms of its customer portfolio, which now includes more than 400 local and global brands of the world’s leading media, entertainment and marketing companies, as well as through the expansion of its product portfolio. Through the development of advanced application platforms, Mobileway offers companies industry-leading solutions that help them build fun, attractive campaigns and a first class service for delivering and monetizing their content across the globe. The company markets its solutions through a network of offices across the US, Europe and Asia Pacific.
“We are extremely pleased to receive this investment from Intel Capital,” said Russ Shaw, CEO of Mobileway. “The investment capital will help fund an expansion in our marketing and R&D efforts, including our work to take advantage of the Intel PCA . The funding opens up a new market for devices based on Intel PCA and will benefit developers by ensuring that any wireless application can easily be deployed and monetized, creating new revenue streams.”
The $500 million Intel Communications Fund invests in companies supporting Intel's key programs and initiatives in voice and data communications, as well as wireless communications and computing efforts. The fund, which makes minority equity investments of typically less than $10 million, is focused on companies developing solutions based on CT Media™, Intel® Internet Exchange Architecture, Intel® XScale™ Microarchitecture and Intel® Personal Internet Client Architecture. The fund, created in 1999, is managed and controlled by Intel.
About Mobileway
Mobileway is a global provider of mobile services. With more than 100 direct connections to mobile carriers, and the world’s largest number of “billing-on-behalf” agreements with carriers for premium content, Mobileway has unrivalled reach to 90% of mobile users throughout the World, guaranteeing cost effective, secure deployment of mobile applications to professional and personal mobile users.
With lifestyle services and applications for mobile information, communication, marketing, entertainment, commerce and enterprise, Mobileway increases the value of mobile data for content providers, operators and corporations alike. Incorporated in Delaware USA, Mobileway has offices located throughout Europe, Asia and the United States. Additional news and information about the company is available at www.mobileway.com.
For further information about Mobileway, contact:
Jeremy Morgan
Casey Sayre & Williams
+1 (310) 396 2400
jmorgan@cswpr.com
