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MobilePro Reports Record Quarterly Revenue, EBITDA and Net Income
Monday November 14, 9:00 am ET
Net Income Up 25.0%, EBITDA Up 4.4% Quarter Over Quarter


BETHESDA, Md., Nov. 14 /PRNewswire-FirstCall/ -- MobilePro Corp. (OTC Bulletin Board: MOBL - News) announced today that it generated record revenue, EBITDA and net income for its fiscal 2006 second quarter ended September 30, 2005.
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(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO )

For the second fiscal quarter ended September 30, 2005, the company reported record revenue of $26,546,650 up 434.3% from revenue of $4,968,069 in the same quarter a year ago. Net income for the quarter was also a record, at $523,900 or $0.0014 per basic share versus a loss of $1,747,761 or $0.0067 per share for the same quarter a year ago.

The company generated earnings before interest, taxes, depreciation and amortization (EBITDA) of $2,269,553 for the three months ended September 30, 2005 compared to $2,173,743 for the previous quarter ended June 30, 2005 and a negative EBITDA of $1,266,292 for the three months ended September 30, 2004.

Detailed operating results will be provided in the company's Form 10-QSB that will be filed with the Securities and Exchange Commission later today. The form will be viewable at http://www.hawkassociates.com/mobilepro/sec.htm .

Jay Wright, MobilePro chairman and CEO, said, "We are pleased with our record results, which clearly demonstrate the benefit of our AFN and Kite Broadband transactions. Despite heavier spending on our NeoReach Wireless projects necessitated by an acceleration of that business, we exceeded our expectations due to continued strength in our CloseCall America division, slower churn in our dial-up ISP base than in the prior quarter, favorable seasonal effects on our payphone business (even with some minor setbacks due to hurricanes), some one-time favorable events and the accretive benefit of our AFN and Kite Broadband transactions completed on June 30. Despite these good results, we are continuing to focus on taking costs out of the business and we are looking at additional means to grow our business both organically and via merger or acquisition."