August 05, 2008 15:45 ET

Zed Receives Credit for USD 143.8 Million to Fund New Acquisitions

ING, Banesto, BBVA, Banco de Sabadell and Caja Madrid Support Zed's Growth Policy Through Mergers and Acquisitions

MADRID, SPAIN and DENVER, CO--(Marketwire - August 5, 2008) - Zed, the leading mobile content company worldwide in terms of revenue and geographical presence, has succeeded to sign a loan for a total amount of USD 143.8 Million (EUR 92,5 Million*). The credit agreement has been signed by five leading Spanish and international financial institutions and will expire in 2013.

"The main objective of this loan is to finance the expansion plans of the company and give a significant boost to our mergers and acquisition policy," said Javier Pérez Dolset, founder and chief executive officer of Zed Worldwide. "The granting of this credit confirms that the market continues to support Zed's past performance and future growth opportunities."

Funding was granted by five banks; four of which, Banesto, BBVA, Banco de Sabadell and Caja Madrid are based in Spain, and Internationale Nederlanden Groep (ING) is an international firm. ING and Banesto will both contribute $38.9 million (EUR 25M), BBVA $31 million (EUR 20M), Banco de Sabadell $23.3 million (EUR 15M) and Caja Madrid $11.6 million (EUR 7,5M).

Zed plans are to expand its activities to India and Brazil, two of the world's largest markets by mobile subscribers, and operate in Australia during 2008, as it expands its global presence. Zed's U.S. operations, formerly known as 9 Squared, are based in Denver, Colo., and are led by Brian Casazza.

* Reference exchange rate on July 30th: 1 euro = 1.555662 USD

About Zed

Zed develops and markets entertainment and community products and services for mobile and the Internet. The company is the leading mobile value-added services (MVAS) player in the world in terms of revenue and geographical footprint. Zed operates in 53 countries, including Europe's largest markets, USA and China and holds agreements with 130 wireless operators all over the world.

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