SOURCE: Spot Mobile International Ltd.

February 15, 2011 09:30 ET

Spot Mobile International Ltd.'s Major North American Distribution Partner Commences Rollout of Its GSM Based Pre-Paid Handsets and SIM Cards to First 1,000 Retail Outlets in the U.S.

MIAMI, FL--(Marketwire - February 15, 2011) - Spot Mobile International Ltd. ("Spot Mobile") (OTCBB: RPID), a mobile virtual network operator offering prepaid wireless service, today announced that its major North American distribution partner has commenced the rollout of Spot Mobile's prepaid GSM based handsets and SIM cards to the first 1,000 retail outlets in the United States.

As previously announced, Spot Mobile delivered 10,000 units to its first North American distribution partner, 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 anticipates it will begin to see revenue from activations in the current quarter as it actively works to expand its distribution and customer base through a progressive U.S. product launch.

Spot Mobile provides a cost effective solution to millions of cell phone users in the United States seeking full-featured nationwide service without being required to sign long term contracts with expensive early service termination fees and costly charges for overage. In addition, Spot Mobile's 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 available from other carriers' cell services.

Commenting on the shipment, Jeff Kapner, President of Spot Mobile Corp., stated, "We are excited to have our product quickly reach our distribution partner's first 1,000 stores in the U.S. We are working diligently to broaden our relationship as well as add additional partners to rapidly deploy our wireless service and build a solid footprint in the U.S. market. We are confident that we have the right product to grow our business in the multi-billion dollar wireless industry within 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 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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