Acquisition further establishes OZ as the #1 enabler of Mobile IM, Email and Social Networking solutions with unparalleled number of Mobile Operator and Handset Manufacturer customers.

Montreal, Canada - April 24, 2007 - OZ, the leading consumer mobile messaging solution provider, today announced that it has acquired Thumbspeed Inc. from Hands-On Mobile Inc., for an undisclosed amount. This acquisition, which closed on April 20, 2007, will expand OZ's expertise and offering for the mobile messaging market. With OZ's technology and market leadership, and Thumbspeed's strength in mobile client applications and innovation, a new and more formidable mobile messaging solution provider is formed.

Together, OZ and Thumbspeed will continue to deliver innovative and advanced mobile messaging solutions that will continue to lead the industry and deliver what mobile operators and handset manufacturers demand - shorter time-to-market, faster product innovation and unique next generation mobile messaging solutions. With Thumbspeed, OZ has solidified its position as the mobile messaging market leader.

"Thumbspeed has done a great job in building some of the most innovative and advanced Mobile Messaging Clients in the world. We are very excited to welcome Thumbspeed customers, partners and employees to OZ," said Skuli Mogensen, CEO and Founder of OZ. "Joining forces with Thumbspeed will allow OZ to fulfill our vision: to give consumers what they want - easy and affordable access to their existing and favorite IM, Email and Social Networking services on their mobile phones. As consumers expect and demand more from their mobile phone, together, we will fulfill this demand with easy to use mobile clients, and offer an unique integrated messaging experience that includes next generation SMS, IM, E-mail and Social Networking with rich-media and personalization capabilities."

Founded in 2004, Thumbspeed is headquartered in Bellevue Washington, and has a research and development facility in Mumbai, India. Thumbspeed develops and publishes messaging, photo sharing and personalization applications for mobile phones and smart devices.

Thumbspeed Clients are available on leading mobile operator networks, such as Cingular, Rogers Wireless and TeliaSonera; offering popular services from AOL®, MSN® and Yahoo!®.

"This acquisition is designed to leverage the strengths of both companies," said Hank Skorny, President and CEO of Thumbspeed. "This acquisition means accelerated growth for Thumbspeed, more solutions for our customers and even brighter futures for our employees. Together, OZ and Thumbspeed will deliver products and services that drive growth and innovation; thus enabling our partners and customers to empower their subscribers to do more with mobile messaging."

Thumbspeed's products, technology and services will be integrated with OZ's mobile messaging solutions, delivering increased management and client prowess to mobile operators' subscribers across a variety of device types, namely, Java, BREW®, Symbian, Windows®, RIM® and Palm®.

Source: OZ