WILMINGTON, Del., March 1, 2005 (PRIMEZONE) -- m-Wise, Inc. (OTCBB:MWIS) announced today that it had successfully completed the process of listing its securities on Nasdaq and that the company's shares commenced trading on the Nasdaq OTC Bulletin Board under the symbol MWIS.OB.
The public listing marks a turning point in the history of m-Wise and is likely to cause changes in the operating strategy of m-Wise.
m-Wise, a prominent wireless middleware technology provider, was founded in 2000 and has quickly taken the lead with the latest industry headways in areas as diverse as content management and delivery, infotainment, mobile gaming and mobile community services. Now comprising of over 1,000 value-added services and applications launched on more than 50 European, American and Asian networks m-Wise provides the industry's most robust and critical Service Delivery Platform for mobile operators, wireless ASPs and large content and media providers. The m-Wise MOMA Service Delivery Platform increases data traffic and premium revenues and considerably minimizes capital, commercial, training and technical requirements for the management and control of value-added services. For more information on m-Wise please visit our web site at www.m-wise.com.
m-Wise will make more information regarding its business readily available in the up and coming days.
"We are delighted with the position that the company is now in, a position of growth and increasing market share," said Mati Broudo and Shay Ben-Asulin, founders and directors of the issuer. "We are extremely optimistic at this time and would like to thank everybody for their ongoing and continuous support."
For the past two years m-Wise has been in the process of taking the company public and completing all its regulatory and statutory requirements to obtain public listing with Nasdaq.
Safe-Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. m-Wise's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors not under the control of m-Wise including but not limited to, market conditions, level of investment on technology, changes in operating conditions and costs, technology developments, etc. m-Wise assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it was made.