SOURCE: m-Wise, Inc.

April 30, 2007 07:00 ET

Pabrune Leads Acquisition of Syntek Shares at m-Wise; Total Deal Value Is $1.25M Based on Share Price of $0.17

MADRID, SPAIN -- (MARKET WIRE) -- April 30, 2007 -- Pabrune announces another series of shares acquisition at mobile content technology vendor, m-Wise (OTCBB: MWIS).

Pabrune conducted a successful acquisition of over 5 Million of m-Wise shares a few months ago on behalf of a group of Spanish investors. In addition, the company has formed a strategic alliance with m-Wise with the objective of promoting and expanding m-Wise's business in Spain, Latin America and other European countries. This business cooperation has already generated positive results with the selection of m-Wise to run mobile marketing campaigns for the makers and distributors of the SOL beer in Spain.

Pabrune is now expanding its position in m-Wise by leading another acquisition for the benefit of a group of Spanish investors. This acquisition includes a significant portion of the shares owned in m-Wise by Syntek Capital AG, a German investment holding company with a specialised focus on media and technology investments, based on a share price of $0.17. This share price represents a premium of 6.25% to last trading day closing price for an m-Wise share.

Alberto Ortega, managing director at Pabrune, said, "Our position in m-Wise and our business collaboration with the company has already been proven successful, and we strongly believe that the company is going to grow exponentially in the near future, this is just a small part of its great potential. Based on our business relationship with the company we have gained even more confidence in the growth potential of m-Wise and have therefore decided to expand our implication by acquiring a larger portion of its shares."

About Pabrune

Pabrune is a business and finance specialist that was formed by a team of advisors, economists and lawyers, with a wide range of experience in commercial, finance, and strategy consultancy. The company and its founding members have an extensive track record in areas like strategy consulting, business leadership, sales and marketing, contract management, finance, crisis management, corporate planning, feasibility analysis, M&A, tax regulations and system of taxation and legal structure.

Pabrune's mission statement is defined by the search for trust, based always on efficiency of contributions, commitment to execute, and the success of solutions implemented.

About m-Wise

Founded in 2000, m-Wise has rapidly established itself as a leading international provider of enabling technologies for the mobile communications, mobile gaming, and mobile entertainment industries. m-Wise is the developer of MOMA (Mobile Once, Mobile Anywhere), the de facto content management and service delivery platform used on or through over 50 mobile networks throughout Europe, North and Latin America, and Asia.

MOMA is an integrated "one stop shop" for mobile operators, wireless ASPs, content providers, and media producers to always deliver end-users with a state-of-the-art mobile experience. MOMA makes it easy not only to manage and deliver content like entertainment, music, games, and video without specific regard to handset compatibility but also adds real-time end user capabilities like voting, chat, and access to live data. Better yet, MOMA includes transactional billing, customer care, and even marketing capabilities -- all built in.

For more information, please visit www.m-wise.com.

Safe-Harbor Provision

This press release contains "forward-looking statements." Said statements use words such as "believes," "intends," "expects," "may," "will," "should," "plan," "projected," "contemplates," "anticipates" and/or other similar words. All statements only reflect our current views and opinions concerning future events. All representations are limited to the date of this press release and involve risks, uncertainties, and assumptions. Do not place undue reliance on forward-looking statements. Actual future results may differ significantly from those identified and described herein.

Contact Information

  • For more information, please contact:
    m-Wise
    Zach Sivan
    Email: Email Contact