SOURCE: Mobiltek Corporation

June 08, 2005 07:30 ET

Mobiltek Corporation to Provide Systems Integration Services to Major Chinese Telecom Company

Agreement to Generate More Than US$800,000 in Projected Fixed Fee Revenue

SUNNYVALE, CA -- (MARKET WIRE) -- June 8, 2005 -- Mobiltek Corporation (OTC: MOBK), founded to become the world leader in interactive mobile value-added services and mobile television services over 2.5G and 3G networks, announced today that it has secured two systems integration contracts from a major telecommunications services provider in China.

The client has selected Mobiltek to modify, localize, install and implement its telecom systems for ringback tone and SMS television, including the relevant licensed software and hardware for the U.S. telecom market. Mobiltek also will be responsible for marketing the services provided in the system to the U.S. domestic market, and retains the system resale rights in the United States. This includes the rights to 80 percent of all gross revenues generated from those sales.

Upon fulfillment of the three-year term, the agreements are projected to generate US$808,000 in fixed fee revenues for Mobiltek, and may represent additional revenues once Mobiltek begins marketing the new services in the United States. Due to a signed confidentiality agreement, the name of the new client was not disclosed.

"Telecommunications services providers in China already view Mobiltek as a viable partner for interactive mobile value-added services and mobile television services," said Mobiltek CEO George Moy. "This agreement is typical of the relationships we have established and those we seek to foster. The expanse of the new engagement validates our business philosophy and speaks to our reach in the Chinese wireless marketplace."

The company initially plans to leverage its technical and marketing expertise as well as planned acquisitions in the Far East to deliver value-added service offerings to the fast-growing mobile marketplace in China, before rapidly expanding to other Asia-Pacific countries and eventually to the United States.

Mobiltek is currently developing its mobile television and wireless entertainment capabilities for the region and offers technical and marketing services to other Far Eastern companies.

Mobiltek Corporation (OTC: MOBK) is a technology services company founded to become the world leader in interactive mobile value-added services and mobile television services over 2.5G and 3G networks. For additional information or to register to receive ongoing Mobiltek news updates, please visit www.mobiltekcorp.com.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Mobiltek disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.

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