SOURCE: UI Magic, Inc.

January 25, 2006 17:54 ET

UI Magic Acquires Mtogo, Inc.

SAN DIEGO, CA -- (MARKET WIRE) -- January 25, 2006 -- UI Magic, Inc. (www.uimagicinc.com), an emerging wireless technology and platform services company today announced its recent acquisition of Mtogo, Inc. (www.mtogo.com), a Los Angeles-based premier mobile content servicing company that mainly caters to the Asian American communities. This asset purchase was followed by the key members of Mtogo joining UI Magic.

"We are extremely pleased to have Mtogo as part of UI Magic. This acquisition will enable us to jump-start our B-C mobile content servicing business unit. At present, Mtogo's main customer base comes from the Asian American communities which make up approximately 20 million potential customers. Our immediate goal is to establish a dominant market presence in this niche target market. However, going forward, we aim to target the main stream markets as well with our mobile applications and contents," stated Satoru Yukie, President and CEO of UI Magic.

Yukie continued, "Mtogo currently has more than 60K subscribers. We hope to increase this number dramatically with more up-to-date mobile contents for different market segments, aggressive target marketing, and strategic alliances with more content developers and marketing companies with recognized brand names."

"Integrating the content distribution system and associated technology from Mtogo enhances UI Magic's overall product offering. This technology is the basis for our WAND (Wireless Application and Network Distribution) architecture. We will continue to further enhance this platform to satisfy and exceed our customer's expectations. We are now also able to develop and distribute personalized UIs and applications directly to our existing wireless subscriber base," stated Sean Broderick, CTO of UI Magic.

Along with this asset purchase, Ms. Julia Lee, who was the driving force behind Mtogo's success since its inception in Jan. 2004, joined UI Magic as Director of Business Development. She will continue to head the Mtogo business unit of UI Magic.

About Mtogo

Mtogo is a business unit that brings together the online experience and the emerging mobile way of life. Through our www.mtogo.com website, we are committed to promoting highly attractive mobile contents from around the world through a diverse offering of unique online-mobile community services, quality polyphonic ringtones and color graphics, and other cutting-edge mobile products and features. Mtogo is dedicated to offering customers the best in service and products by staying on the forefront of the innovative content and mobile technology. Mtogo's mobile products and services are available on a wide range of Nokia, Samsung, Motorola, Sony Ericsson, NEC, Siemens, LG, Sanyo Toshiba, Treo, Hitachi, Panasonic and Sharp handset models.

About Julia Lee

Ms. Lee was the CEO and founder of Mtogo, Inc. before its strategic business consolidation with UI Magic. With her expertise in technology, trend, and management, she has successfully launched and established Mtogo as a premier mobile contents provider company. She has also founded Dream Communications, Inc., one of the top 5 PR firms in Korea, and served as a CEO prior to coming to the United States. Ms. Lee also has nine years of experience working as a computer and hi-tech news reporter for various newspapers and magazines in Korea. Ms. Lee has a B.A. from Seoul National University and M.B.A from University of Southern California, Marshall School of Business.

About UI Magic

Based in San Diego, California, UI Magic, Inc. is a premier wireless technology and platform services company, which addresses the next generation mobile applications and interfaces supported by an end-to-end services platforms. The company offers revolutionary customer User Interfaces that not only support customer driven look and feel, but also a new host of services that seamlessly integrate into the company's robust UI.

Certain statements in this press release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements.

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