SOURCE: m-Wise, Inc.

November 14, 2006 07:36 ET

m-Wise Q3 Revenues Increase in 2006

Management Optimistic About 2007

WILMINGTON, DE -- (MARKET WIRE) -- November 14, 2006 -- m-Wise, Inc. (OTCBB: MWIS), a leading technology provider of mobile content solutions for wireless operators, ASPs and content providers, today released its consolidated financial results for the nine months ended September 30, 2006.

Financial Results Comparing the Same Periods in 2006 to 2005:

Revenues increased 42% for the three months ended September 30, 2006 for the same period in 2005.

Net loss decreased a full 99.83% for the three months ended September 30, 2006 for the same period in 2005.

General and administrative expenses, stated as a percentage of revenues, decreased to 61% for the three months ended September 30, 2006 from 197% for the same period in 2005.

Gross profit, stated as a percentage of sales for the nine months ended September 30, 2006, climbed to 89% from 78% in the same period in 2005.

This performance exceeded management's projections for 2006. As a result of this and other developing efforts, the company anticipates continued improvements in 2007.

Full financial results for September 30, 2006 are officially provided in m-Wise's 10-QSB filing.

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