SOURCE: Spot Mobile

February 10, 2011 08:01 ET

Spot Mobile International Ltd. Completes Initial Shipment of 10,000 Prepaid GSM Based SIM Cards and Handsets to Major North American Distributor

Distributor to Initially Stock Dedicated Stores in Its U.S. Network of 15,000 Retail Outlets

MIAMI, FL--(Marketwire - February 10, 2011) - Spot Mobile International Ltd. ("Spot Mobile") (OTCBB: RPID), a mobile virtual network operator offering prepaid wireless service and handsets, today announced the completion of its introductory shipment of 10,000 prepaid GSM based handsets and SIM cards, fulfilling an initial purchase order from a major North American Distributor.

The delivery marks the first mass distribution shipment for Spot Mobile's U.S. launch of its new GSM based handset and SIM card offering, which includes prepaid talk, text and data services for wireless subscribers and nationwide coverage supported by the AT&T and T-Mobile networks. Spot Mobile's prepaid calling service allows subscribers to easily purchase and refill their prepaid accounts so customers only pay for what they need. There are no hidden fees, long term contracts, or credit checks required. Spot Mobile's pay as you go plan allows customers to purchase airtime in convenient affordable denominations from $5 to $50. Spot Mobile airtime, handsets and SIMs will be placed in a variety of the distributor's retail locations in the United States including independent wireless stores, convenience stores, gas stations, bodegas, kiosks and airports. With approximately 290 million wireless subscribers in the U.S., Spot Mobile's prepaid phones (with nationwide calling for 10 cents per minute and texting for 5 cents per message), offer a cost saving solution for millions of cell phone users allowing them to get full-featured nationwide service without being locked into long term contracts with expensive early service termination fees. In addition, our service includes "direct dial" international calling at deeply discounted rates, allowing consumers to call family and friends in their countries of origin with savings not generally attainable from other carriers' cell services.

Commenting on the shipment, Charles Zwebner, CEO and Chairman of Spot Mobile, stated, "We are excited to begin the launch of our GSM based prepaid service in the United States. Our products allow a wireless subscriber to purchase a fully functional mobile device from companies like Motorola, Samsung, LG, Alcatel, for as little as $25 and only prepay for airtime that they use. Our plans offer nationwide domestic service and deeply discounted direct dial international calling. We offer a cost saving solution to customers with freedom and flexibility. This initial shipment of 10,000 units to our North American distribution partner is the first step in what we believe will be an expansive penetration by Spot Mobile into the U.S. market with a cost effective, high quality solution for wireless customers in the U.S."

About Spot Mobile International Ltd.

Spot Mobile International Ltd., 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, iPhone, 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.

FORWARD-LOOKING STATEMENTS:

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.

Contact Information