SOURCE: Mobile Ready Entertainment

November 12, 2007 11:04 ET

Mobile Ready Approves Stock Repurchase

ATLANTA, GA--(Marketwire - November 12, 2007) - Mobile Ready Entertainment Corp. (PINKSHEETS: MRDY) said Thursday its board approved the repurchase of up to 100 million shares of common stock.

The Company, which has close to 370 million shares outstanding, said it will buy back stock on the open market or in private transactions and retire them to treasury.

"Our board of directors believes that the recent trading price of our stock does not adequately reflect the company's present value and strong growth prospects," reported Craig Mora, CEO. "We believe that, based on current market prices, a repurchase program is a good investment of our available funds and reaffirms our commitment to building shareholder value. With the upcoming launch of a new fulfillment facility and the exciting products we offer, the future looks bright and we feel our stock is severely undervalued."

For updates on this and other investment-related issues, please send an email to the company at

About Mobile Ready

Mobile Ready Entertainment Corporation specializes in mobile content products and solutions. We offer software and service options that empower businesses by enabling them to reach the mobile user and ultimately increase revenue. Whether your company has retail, marketing or response needs, Mobile Ready has the solution to fit. When it comes to website development and optimization, Mobile Ready has the mobile marketing know-how. For more information, visit the Mobile Ready Website at

Forward-Looking Statement

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

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