Mobile Streams Targets Asia-Pacific Region

LONDON, July 14: Mobile Streams aims to boost its mobile
entertainment business in the Asia Pacific with the acquisition of Hong
Kong-based Mobilemode in a cash and stock deal.

Founded in 1999, Mobilemode delivers mobile entertainment
content and services to mobile phone operators and portals in the Asia-Pacific
region. “Mobilemode will provide us with an excellent stepping stone into the
advanced markets of Australia, New Zealand, Hong Kong and Singapore,” said CEO
Simon Buckingham, “whilst at the same time providing a platform for growth in
the emerging markets of Taiwan, Indonesia and the Philippines.”

The two founding members of Mobilemode, CEO Jarno Salmivuori
and business development VP Norma Salmivuori, will assume management positions
within Mobile Streams’ Asia-Pacific business unit.

The deal consists of 1 million euros in cash and more than
1.5 million ordinary shares in the company.