PRESS

Intention to float

zamano today announces its intention to seek a listing for its shares on the AIM Market of the London Stock Exchange (AIM). Subject to market conditions, the placing is expected to take place in late October 2006. Seymour Pierce Limited is acting as Nominated adviser and broker to zamano.

Established in 2000 to take advantage of a growing demand for mobile services, zamano is now a market leader in Ireland, has a strong presence in the UK, and commenced sales into Australia in early 2006.

Since its establishment, zamano has invested significantly in the development of a mobile messaging platform and suite of applications. Using this platform, zamano promotes and distributes its services directly to consumers (B2C) and also facilitates commerce between businesses, brands and their end-users (B2B). zamano believes that this ‘hybrid’ model is a significant advantage in its sector.

The B2B business accounts for approximately 65% of overall Company revenues. Approximately 35% of revenues are generated by mobile content and interactive services in the B2C business. Interactive services include competitions, quizzes, horoscopes, chat and dating. zamano believes that strong future growth prospects exist for both the B2B and B2C businesses.

Between 2003 and 2005, zamano experienced strong revenue and profit growth; in 2005 the company was placed second in the Deloitte Fast 50 Rising Star category. The Company has completed three strategic acquisitions which have contributed significantly to this profitable growth, and believes that the markets in which it operates offers further scope to continue on this trajectory. According to Juniper Research, the global market for mobile content is predicted to be worth $11bn in 2006, and is expected to grow to $50bn by 2011.

As well as raising the profile of the company, zamano believes that admission to AIM will enable the delivery of three primary strategic objectives:

· Further strategic acquisitions ;
· Increased investment in new technology;
· Expansion into new territories.

zamano’s management team has substantial experience of technology and telecommunication companies at various stages of development. Chairman Rod Matthews is a former Chief Executive of ScottishTelecom, and was Chairman of AIM-listed Transcomm plc which was sold to BT in 2004. Managing Director John O’Shea’s career to date spans 11 years working with multinationals, and the last 10 years spent building up two technology innovators.

The Board has been further strengthened with the recent appointments of Colin Tucker and Mike Watson as Non-Executive Directors. Colin is currently Deputy Chairman of Hutchison 3G (Europe), a director of Morse plc and was a founding director and C.O.O. of Orange (Europe). Mike is a director of Spectrum Interactive plc and was Managing Director of BICC Technologies and more recently CEO of Tertio.

John O’Shea, Managing Director, said:

"Admission to AIM marks an exciting next stage in the Group's development and gives us the opportunity to build further on our success to date. We expect to see continued growth in the mobile data services market, which combined with the proven strength of the team in zamano, gives me great confidence in our future as a public company."