SOURCE: Spot Mobile International

March 29, 2011 08:30 ET

Spot Mobile International, Ltd. Begins Delivery of 60,000 Pre-Paid GSM Based SIM Cards for Its Distribution Partners

MIAMI, FL--(Marketwire - March 29, 2011) - Spot Mobile International Ltd. ("Spot Mobile") (PINKSHEETS: RPID), a mobile virtual network operator offering prepaid wireless service, today announced that it has begun delivery of 60,000 SIM cards for its distribution partners to replenish initial orders, and support our growing customer base.

The company expects the 60,000 SIM cards will be used for stocking over 2,000 retail outlets serviced by its distributors. These retail outlets include independent wireless stores, convenience stores, gas stations, bodegas, kiosks and airports. Management plans a progressive deployment to additional outlets serviced by its distributors in the coming quarters, as Spot Mobile continues to build its customer base by providing nationwide prepaid talk, text and data services, and discounted direct dial international calling, supported by the AT&T and T-Mobile networks.

Jeff Kapner, President of Spot Mobile, stated, "This is an exciting time, as we put this first larger scale shipment of SIM cards into distribution with our partners and we begin to build a presence in the United States. We believe this will enable us to begin generating recurring revenue in the near future as we build a valuable customer base. We are eager to enter this new phase of growth for Spot Mobile as we look to provide our services to the millions of cell phone users in the looking for a cost effective wireless service solution."

About Spot Mobile International, Ltd.

Spot Mobile International, through its wholly-owned subsidiaries, Mr. Prepaid, Inc. and Spot Mobile Corp., 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, iPhones, 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 phone 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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