Mobile Assets appoints Master Distributor for Central and South America
LAS VEGAS, NV, Dec 02, 2005 /PRNewswire-FirstCall via COMTEX/ -- Mobile Assets Corp. (MBAP: OTCPK) announced today that it has appointed attorney and business entrepreneur, Isaias Medina as Master Distributor for the Central and South American zone (Latin America) to exploit significant mobile market opportunities for the company. 3G Americas reported in September 2005, that the world population of cellular subscribers was 3.2 billion. Europe and Asia continue to lead the way but that Latin America had 10.9% of world cellular distribution, exceeding North America's 10.5%. GSM is reported to comprise over 77% of all cellular technologies employed with Latin America reflecting a 127% growth in the last year.
"As we complete our infrastructure development strategy in 2005 and turn to market driven opportunities in 2006 we wanted to complete a very important piece of our coverage strategy by implementing Mobile Assets coverage in Central and South America," stated Peter Zmudzki, President and CEO of Mobile Assets. He continued; "Under Isaias' leadership in Venezuela we expect rapid market penetration of our applications and services."
About Isaias Medina
In 2006, Medina's extensive business network and experience throughout South America will be leveraged to build a sales and distribution network for Mobile Assets. Medina commented; "I am inspired to rapidly engage and take advantage of the dynamic increase of the Latin America market, in which cellular connections are predicted by Gartner to reach 43% in 2005 and 53% in 2009. Mobile service revenue will grow at a compound annual rate of 9.3% for the period 2005 to 2009, reaching $50.5 billion. Mobile Assets' infrastructure investment in Latin America will yield a dramatic ROI within 24 months. I'm very happy to join this team!"
Mobile Assets Corporation
Mobile Assets (OTCPK: MBAP) is an emerging company creating scalable and global mobile technologies and applications through aggregation and development. The company has expertise in mobile content marketing and distribution and intends to leverage that expertise into delivering strategically valuable mobile applications, content, and services to the market in unique ways to acquire and retain consumer Clients.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-looking statements usually contain the words "estimate", "anticipate", "believe", "plan", "expect", or similar expressions and are subject to numerous known and unknown risks and uncertainties. These risks and uncertainties could cause the Company's actual results to differ materially those indicated in the forward-looking statements.
SOURCE Mobile Assets Corporation
CONTACT: For more information about Mobile Assets, visit its website www.mobileassetscorp.com or e-mail the company at firstname.lastname@example.org
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Press Release Source: Mobile Assets Corporation
Mobile Assets "M-Traffic" data aggregation appliance seen as a major contributor to revenue Monday August 22, 4:00 pm ET
TORONTO, Aug. 22 /PRNewswire-FirstCall/ - Mobile Assets Corp. (MBAP: OTCPK) announced today that it is producing final specifications of "AT A GLANCE" for their first broadcast partner. At A Glance is an appliance designed to efficiently and effectively distill sources of information for broadcast traffic reporters into a digital database. The broadcasters use the digital output for the primary purpose of preparing on air material. M-Traffic will be responsible for resale of this data to third parties that will generate a steady stream of revenue for Mobile Assets and our Broadcast Partners.
Wireless Users Want Local Content
Local content tops the list of wireless services desired by most wireless users. Users also want to watch TV show clips, and sports programming. Wireless users say they want services such as driving directions, restaurant reservations, and weather and traffic text alerts. Research indicates customers interested in these features are among the highest-value wireless customers. Currently, only few wireless customers have any kind of local service.
Richard Pudwell, VP Sales of Mobile Assets, stated, "Traffic information has been identified by many as a 'Killer App' for mobile devices. M-Traffic operates in the area that will serve the informational needs of those who want to develop this major revenue generating application. There are a lot of products in development that depend on hardware development, or infrastructure development. At A Glance's contribution is in providing usable data for application developers, now. And we do so while meeting the operational needs of a mature industry - broadcasting."
AT A GLANCE will be offering its studio solutions to major broadcasters in traffic heavy marketers in North America and around the world. Mobile Assets President and CEO Peter Zmudzki remarked, "We've found an interesting niche in the industry and have developed an expertise that we feel will make Mobile Assets a major player in this developing market."
Mobile Assets announces mobile entertainment division Friday August 19, 5:34 pm ET Market forecasters have predicted a boom in mobile entertainment
LAS VEGAS, Aug. 19 /PRNewswire-FirstCall/ - Mobile Assets Corp. (MBAP: OTCPK) announced today that it is forming a new operating division to focus on acquiring and distributing content for global mobile entertainment.
Commenting on the mobile entertainment market opportunity, Mobile Assets Vice President for Marketing, Garth Douglas said, "It would be a mistake to assume that mobile gaming is the only entertainment "game" in town. It is a giant market but in the strategic timeframe it will be dwarfed by other entertainment venues such as videos and music. It's important for Mobile Assets to understand the topography of the entire entertainment market and build a strong portfolio of products and services for all major entertainment market segments. We plan to leverage our existing entertainment inventory while we aggressively build our entertainment portfolio. Today's announcement is very important to the strategic success of Mobile Assets".
Peter Zmudzki, President stated, "Mobile entertainment is a huge market. Depending on which market forecast you consult, the estimates are in the range of 5 billion to 11 billion dollars until 2005-2007. Since early 2000, the market has grown by 10,000 percent up to now. Entertainment has evolved from TV, the computer and Internet to mobile handsets. Mobile entertainment has the advantage that it is very pervasive. The pervasive success of ringtones has obviously contributed to the recent excitement. The latest report suggests that the downloadable ringtone market will double to US$4 billion by 2008."
Research firm Informa Telecoms & Media estimates global mobile games revenues will be worth $2.6bn by the end of 2005, up $1.3bn from last year. Informa forecasts that by 2010 the global mobile games market will be generating annual revenues of $11.2bn.
In-Stat/MDR believes that mobile gaming, while remaining a niche market, will continue its rise as a key contributor to wireless data usage and revenues. The high-tech market research firm estimates that by 2009, mobile gaming services in the United States will generate US$1.8 billion annually, or approximately 4.4% of total wireless data revenues. Additionally, by 2009, 78.6 million wireless subscribers in the United States will play mobile games, and gaming downloads will increase more than tenfold from 2003 levels.
About Mobile Assets Corporation
Mobile Assets (OTCPK: MBAP) is an emerging company creating scalable and global mobile technologies and applications through aggregation and development. The company has expertise in mobile content marketing and distribution and intends to leverage that expertise into delivering strategically valuable mobile applications, content, and services to the market in unique ways to acquire and retain consumer Clients. For more information about Mobile Assets, visit its website www.mobileassetscorp.com or e-mail the company at email@example.com.