PRESS

M-ISPHERE and zamano to merge

Dublin, 23 July 2002

m-iSphere and zamano are announcing today that they have merged, retaining the zamano name and aiming to expand in line with the fast growing Mobile Internet market.

This merger brings together two leading players of the Irish Mobile Internet industry, creating one of the largest such companies in Ireland. zamano now benefits from a complete end-to-end product and service offering, a broader international sales reach and a strengthened management team.

m-iSphere's mobile loyalty and marketing products are the ideal complement to zamano's content and service delivery platform across GSM, GPRS, 3G and I-mode networks. Both companies have also developed a set of mobile gaming applications that together form a full product portfolio.

The merged company's customer base now spans network operators and multinational brands across four European countries.

The management team's depth of industry experience and vision for the future of the Mobile Internet has been fully supported by Enterprise Ireland and Powerscourt Nominees Ltd., the investment vehicle of Powerscourt Capital Partners, who are institutional investors in the enlarged zamano entity.

ABOUT ZAMANO
The newly merged company zamano is an end-to-end provider of interactive Mobile Internet solutions to Network Operators, media companies and consumer brands.

Established in 1999, zamano now employs over 20 staff, has over 50 customers in Europe, including mobile operators O2, Vodafone and Orange.