SOURCE: Spot Mobile International Ltd.

August 19, 2010 08:45 ET

Spot Mobile International Ltd. Announces the Appointment of Mr. Jeffrey Kapner

MIAMI, FL--(Marketwire - August 19, 2010) -  Spot Mobile International Ltd. (OTCBB: RPID), a provider of prepaid mobile wireless telephone services, today announced the appointment of Mr. Jeffrey Kapner as President of our subsidiary Spot Mobile Corporation. Mr. Kapner will be responsible for leading the strategy and will focus on broadening the distribution of Spot Mobile products and building the Spot Mobile business. Mr. Kapner will report directly to Charles Zwebner, the Chief Executive Officer of Spot Mobile International Ltd. Most recently, Mr. Kapner was the Senior Vice President of Marketing, Sales and Support at Total Call International, where he was instrumental in developing and launching Total Call Mobile. Mr. Kapner has extensive experience in the telecommunications, technology and entertainment industries. He has held key positions with Adelphia Communications, Western Digital, EarthLink, Charter Communications, L.A. Cellular, Creative Artists Agency and The Walt Disney Company. Mr. Kapner holds a Master of Business Administration from the Marshall School of Business at the University of Southern California and a B.A. from the University of Southern California.

"Spot Mobile is pleased to have Mr. Kapner leading the team and I am excited and look forward to working with him. We are confident that Spot Mobile will benefit greatly from his experience, creativity, and relationships, as well as his enthusiastic and energetic work ethic," said Charles Zwebner, Chairman and CEO.

ABOUT SPOT MOBILE INTERNATIONAL LTD.

Spot Mobile International, through its wholly-owned subsidiaries, Mr. Prepaid, Inc. and Spot Mobile Corp., is a mobile virtual network operator (MVNO) offering principally prepaid mobile telephones and transaction based point of sale activation solutions through retailers in the United States. The Company has recently completed network development, testing and market analysis and intends to commence full operations and distribution of its Spot Mobile prepaid phone wireless services through its Mr. Prepaid distribution network and through other sales channels during September 2010.

This press release and other statements to be made by the Company contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including but not limited to statements relating to projections and estimates of financial items; statements of management's plans, strategies, and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved; statements concerning proposed new products and services; and statements regarding future economic, industry, or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "project," and conditional verbs such as "may," "could," and "would," and other similar expressions. Such forward-looking statements reflect management's current expectations, beliefs, estimates, and projections regarding the Company, its industry and future events, and are based upon certain assumptions made by management. These forward-looking statements are not guarantees of future performance and necessarily are subject to risks, uncertainties, and other factors (many of which are outside the control of the Company) that could cause actual results to differ materially from those anticipated. Those factors include, but are not limited to, the risk factors discussed in our most recent filings with the United States Securities and Exchange Commission; the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for our products and services; our ability to gain market acceptance for our products and services; our ability to fund our operational growth; our ability to attract and retain skilled personnel; our ability to diversify our revenue streams and customer concentrations; our ability to successfully integrate the operations of acquired companies; and our reliance on third-party suppliers. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events.

Contact Information

  • Contact Information:
    Larry Turel
    Vice President-Corporate Development & Investor Relations
    Spot Mobile International Ltd.
    Phone 561-213-1955
    Email lturel@spotmobile.com