SOURCE: Mobile Ready Entertainment

June 26, 2006 07:30 ET

Mobile Ready to Explore Acquisitons in the Travel Entertainment Space

STROUDSBURG, PA -- (MARKET WIRE) -- June 26, 2006 -- Mobile Ready Entertainment Corp. (PINKSHEETS: MBRN) announced today that it was exploring a few acquisitions in the travel entertainment space that would give its mobile products more visibility and more opportunity for revenue partnerships.

"We are looking into various vertical markets as potential sales channels for our product offerings and the travel entertainment space is most interesting," Mary Hermant, General Manager of Mobile Ready Entertainment, said.

Spending on online leisure travel will climb to $77.7 billion this year, marking a 20 percent increase from 2005, according to new estimates by eMarketer.

This estimated double-digit gain, though impressive, marks a moderation of growth from the last two years. In 2004, online travel spending surged 28 percent, while last year, the increase came to 24 percent, according to eMarketer.

"When our team read that eMarketer was forecasting that online travel will continue to grow, reaching $122.4 billion in 2009, and with some great opportunities we have to montize products and services within that market, it was almost a natural fit that we saw between what we do and this vertical market. We are very aggessively looking for acquisitons in the online travel entertainment space," Josh Eikov, CEO of Mobile Ready Entertainment, said.

About Mobile Ready Entertainment Corp.

Mobile Ready Entertainment Corp. is a strategic holding company that manages a portfolio of market-leading technologies and services in mobile entertainment and digital media. Our companies operate in mobile communications, mobile corporate services, digital media information and entertainment.

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