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 email@example.com