SOURCE: m-Wise, Inc.

November 13, 2007 12:31 ET

m-Wise Financial Results for Q3 2007

Profit Share Model Continues to Grow: 53% Growth in 2007 First Nine Months!

Total Income Increased 26% in Q3 2007 Over Q2 2007

WILMINGTON, DE--(Marketwire - November 13, 2007) - Mobile content technology vendor, m-Wise (OTCBB: MWIS), today announced its consolidated financial results for the nine months ended September 30, 2007.

Financial Results

During 2007 first nine 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 nine months was $246,606 compared to $20,318 in 2006 first nine months.

Total Income increased 8% to $537,288 for the three months ended September 30, 2007 from $499,253 for the same period in 2006.

Income from revenue share increased 53% to $405,539 for the nine months ended September 30, 2007 from $265,576 for the same period in 2006.

Income from customer services and technical support increased 91% to $736,951 for the nine months ended September 30, 2007 from $384,937 for the same period in 2006.

Full financial results for 2007 first nine months are available in m-Wise's 10-Q filing.

"m-Wise marked another quarter of growth in income from revenue share and customer services and technical support and further continued the decrease in its liabilities," stated Mati Broudo, co-founder and Chairman of m-Wise. "Our financial results reflect investments in marketing and business development efforts in Europe, South America and in the United States. We are confident that the results from this investment will be seen in Q4 2007 and in fiscal year 2008. 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 look forward to the rest of 2007 and to 2008 as we are certain that it will prove profitable for the company as we believe in the capacity of our leading edge platforms to play a key part in the market of mobile services."

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