SOURCE: Spot Mobile International Ltd.

February 22, 2011 09:30 ET

Spot Mobile International Ltd. Adds Second U.S. Distribution Partner Servicing 5,000 Locations and Expands Its Current Footprint to 20,000 Retail Outlets

Management Expects Revenue From Immediate Shipments of Its Prepaid GSM Based Handsets and SIM Cards to This Distributor Beginning in the Current Quarter

MIAMI, FL--(Marketwire - February 22, 2011) - Spot Mobile International Ltd. ("Spot Mobile") (OTCBB: RPID), a mobile virtual network operator offering prepaid wireless service, today announced the addition of a second distribution partner with 5,000 retail outlets for the rollout of its prepaid GSM based handsets and SIM cards in the United States.

Through this new distribution partner, Spot Mobile now has access to a network of approximately 20,000 retail outlets in the United States including independent wireless stores, convenience stores, gas stations, bodegas, kiosks and airports. Spot Mobile continues to build its distribution network by targeting a wide array of retailers further expanding its point of purchase presence for prepaid mobile phones beyond the traditional electronics or "big box" stores. Management believe this approach is a more cost effective and convenient way to deliver its full featured nationwide wireless solution to millions of potential cell phone users in the United States seeking an easy to use alternative to traditional wireless plans. Spot Mobile provides prepaid talk, text and data services, and discounted direct dial international calling is included with its service, which has nationwide coverage supported by the AT&T and T-Mobile networks.

Commenting on this new distribution partner, Jeff Kapner, President of Spot Mobile Corp., a subsidiary of Spot Mobile, stated, "We are excited to add this second distribution partner which we believe gives us the ability to rapidly deploy our products to their 5,000 store network. As we broaden our distribution opportunity to 20,000 stores, we can deliver product to new retail outlets on a daily basis and we expect to realize revenue from these efforts beginning in this current quarter. With millions of cell phone users in the U.S. looking for cost effective wireless service, we intend to become a very simple solution which will be available to these consumers wherever they are, in as many locations as possible."

About Spot Mobile International Ltd.

Spot Mobile International Ltd., through its wholly-owned subsidiaries, Spot Mobile Corp. and Mr. Prepaid, Inc., is a mobile virtual network operator (MVNO) offering prepaid mobile services and phones and SIM cards for use with unlocked GSM handsets such as BlackBerry, iPhone, Droid and other smart devices, as well as transaction-based point of sale activation solutions through retailers in the United States. The Company has recently started distribution of its Spot Mobile prepaid wireless services through its Mr. Prepaid distribution network and continues to add target customers.


This press release and other statements to be made by the Company contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including but not limited to statements relating to projections and estimates of earnings, revenues, cost-savings, expenses, or other financial items; statements of management's plans, strategies, and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved; statements concerning proposed new products and services; and statements regarding future economic, industry, or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "project," and conditional verbs such as "may," "could," and "would," and other similar expressions. Such forward-looking statements reflect management's current expectations, beliefs, estimates, and projections regarding the Company, its industry and future events, and are based upon certain assumptions made by management. These forward-looking statements are not guarantees of future performance and necessarily are subject to risks, uncertainties, and other factors (many of which are outside the control of the Company) that could cause actual results to differ materially from those anticipated. Those factors include, but are not limited to, the risk factors discussed in our most recent filings with the United States Securities and Exchange Commission; the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for our products and services; our ability to gain market acceptance for our products and services; our ability to fund our operational growth; our ability to attract and retain skilled personnel; our ability to diversify our revenue streams and customer concentrations; our ability to successfully integrate the operations of acquired companies; and our reliance on third-party suppliers. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. These forward-looking statements speak only as of the date on which such statements are made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.

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