SOURCE: m-Wise, Inc.

August 14, 2007 17:00 ET

m-Wise Financial Results for Q2 2007

WILMINGTON, DE--(Marketwire - August 14, 2007) - Mobile content technology vendor, m-Wise (OTCBB: MWIS), today announced its consolidated financial results for the six months ended June 30, 2007.

Financial Results

During 2007 first six months we have significantly strengthened our cash flow and continued to strengthen our balance sheet:

Net increase in cash and cash equivalents in the 2007 first six months was $423,861 compared to $67,963 in 2006 first six months.

Income from revenue share increased 46% to $233,450 for the six months ended June 30, 2007 from $160,072 in 2006.

Income from customer services and technical support increased 95% to $471,751 for the six months ended June 30, 2007 from $241,978 for the same period in 2006.

Full financial results for 2007 first six months are available in the m-Wise 10Q filing.

"m-Wise marked another quarter of growth in income from revenue share and customer services and technical support and a decrease in liabilities," stated Mati Broudo, co-founder and Chairman of m-Wise. "Our financial results include an investment in marketing and business development efforts in Spain and in the United States. We strongly believe that the positive results from that investment will be seen in the near future. We are continuing our strategy from 2006 of providing services-based content delivery platforms to key players in the US and Latin America. This strategy has significantly strengthened our balance sheet and stabilized the company's cash flow.

"We are looking forward to the rest of 2007 as we are confident that it will prove profitable for the company and we are excited with the exploding market of mobile services and with the capacity of our leading-edge platforms to play a key part in this market."

About m-Wise

Founded in 2000, m-Wise has established itself as a leading international provider of enabling technologies for the mobile communications, mobile advertising, mobile gaming and mobile entertainment industries. m-Wise is the developer of MOMA platform, a proven mobile content management and service delivery platform used in over 50 mobile networks throughout Europe, North and Latin America, and Asia.

MOMA is an integrated "one stop shop" for mobile operators, wireless ASPs, and content providers to deliver end-users with a state-of-the-art mobile experience. MOMA makes it easy to manage and deliver content such as entertainment, music, games and video regardless of handset compatibility, while adding real-time end-user interactivity like voting, mobile marketing, advertising and access to all forms of real-time content. MOMA furthermore integrates built-in capabilities for transactional billing, customer care and marketing to satisfy the growing needs of major brands and marketing agencies.

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Safe-Harbor Statement

This press release contains "forward-looking statements." These forward-looking statements use words such as "believes," "intends," "expects," "may," "will," "should," "plan," "projected," "contemplates," "anticipates" or similar statements. These statements are based on our beliefs, as well as assumptions we have used based upon information currently available to us. Because these statements reflect our current views concerning future events, these statements involve risks, uncertainties and assumptions. Actual future results may differ significantly from the results discussed in the forward-looking statements. A reader, whether investing in our common stock or not, should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.

Contact Information

  • For more information, please contact:
    m-Wise IR:
    Adi Armoza
    Email: Email Contact