SOURCE: m-Wise, inc

m-Wise, inc

June 22, 2011 12:00 ET

m-Wise Announces Voluntary Delisting From OTC Bulletin Board

Board of Directors Authorized Delisting in an Effort to Reduce Cost Associated With Regulatory Compliance

NEW YORK, NY--(Marketwire - Jun 22, 2011) - m-Wise (the "Company") (OTCBB: MWIS) announces its intent to voluntarily delist its common stock from the OTC Bulletin Board. The Company anticipates that the delisting will be effective 10 days after filing of the Form 15, "Notification of Removal from Listing." The Company intends to file Form 15 on or after June 22, 2011.

The Board of Directors of the Company approved the voluntary delisting of the Company's common stock on June 22, 2011, due to the following reasons:

(a) The significant costs associated with regulatory compliance impose a burden that the Company cannot bear given its current financial position. In addition, the current benefits of being a public company is outweighed by the financial burdens imposed by such status; and

(b) The shares of the company are currently held by less than 300 record holders and are thinly traded.

Upon removal of listing, the Company shall cease to file reports with the Security and Exchange Commission.

About m-Wise
m-Wise, with offices in New York, NY and Hertzelya, Israel, started in February 2000. Since then, it has established itself as a leading technology provider with state-of-the-art Content Management and Delivery Platform (CDP), Service Delivery Platform (SDP) and related value-added data engines for mobile operators, wireless ASPs and large content and media providers.

m-Wise leads the industry with its content management and delivery, infotainment, mobile gaming and mobile marketing. It allows for quick creation of campaigns and integration with interactive applications including quizzes, mobile coupons, sweepstakes or games. m-Wise also provides content delivery solutions, which range from content ingestion, presentation, management, delivery, personalization, marketing, promotion, digital rights management and flexible charging and billing.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. M-Wise expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information