Business Services Industry

Leap Selects Mobile Streams as Content Partner; Leap's Cricket Clicks Customers Will Now Have Access to Mobile Streams' Ringtones.com BREW Application

Business Wire, July 18, 2005

SAN DIEGO -- Leap Wireless International, Inc. (NASDAQ:LEAP), a leading provider of innovative and value-driven wireless communications services, and Mobile Streams, the global mobile music and media specialist, today announced an agreement whereby Leap will launch Mobile Streams' Ringtones.com BREW application for its Cricket Clicks(TM) customers.

The implementation of the Ringtones.com BREW application will enable Leap's Cricket customers to shop for and download the latest chart-topping ringtones and other mobile content offerings, while benefiting from an extremely attractive user interface.

"We are excited to be launching Ringtones.com for our Cricket Clicks customers, especially since it provides them access to a wide range of content and ringtones, for their mobile phones," said Linda Wokoun, senior vice president marketing and customer care. "Working with a mobile content industry leader like Mobile Streams ensures our Cricket(R) customers have an exceptional visual experience while enjoying a wide variety of downloadable mobile content."

"This is our first BREW application, and demonstrates our superb technical capabilities in creating compelling applications," added Simon Buckingham, CEO of Mobile Streams. "Leap, which has a very diverse customer base through its Cricket service, represents another significant endorsement of the benefits we offer as a leading mobile and media specialist."

About Leap

Leap, headquartered in San Diego, Calif., is a customer-focused company providing innovative mobile wireless services that are targeted to meet the needs of customers who are under-served by traditional communications companies. With a commitment to predictability, simplicity and value as the foundation of our business, Leap pioneered Cricket service, a simple and affordable wireless alternative to traditional landline service. Cricket service offers customers unlimited anytime minutes within the Cricket calling area over a high-quality, all-digital CDMA network. Cricket service is available to customers in 39 markets in 20 states stretching from New York to California. For more information, please visit www.leapwireless.com

About Mobile Streams

Founded in 1999, Mobile Streams is the leading global mobile music and media specialist, and a pioneer in the Mobile Messaging and Mobile Entertainment arenas. With one of the largest portfolios of best in class content, Mobile Streams can deliver licensed carrier grade solutions globally and also sell direct to consumers. Mobile Streams in-house content team leads in the creation, design and licensing of premium content such as mobile music, adult, glamour, comedy, animated and static backgrounds, MMS Content and Java Games and owns a range of premium brands including Ringtones.com Go-Vegas-Go.com Go-Gaming-Go.com and MobileGaming.com. More information on Mobile Streams is available at www.mobilestreams.com or by contacting: Shawn Barber at 804-323-0462.

Except for the historical information contained herein, this news release contains "forward-looking statements" reflecting management's current forecast of certain aspects of Leap's future. Some forward-looking statements can be identified by forward-looking words such as "believe," "think," "may," "could," "will," "estimate," "continue," "anticipate," "intend," "seek," "plan," "expect," "should," "would" and similar expressions. This news release is based on current information, which we have assessed but which by its nature is dynamic and subject to rapid and even abrupt changes. Our actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business. Factors that could cause actual results to differ include, but are not limited to:

--our ability to attract and retain customers in an extremely competitive marketplace;

--our ability to attract, motivate and retain an experienced workforce;

--changes in economic conditions that could adversely affect the market for wireless services;

--the impact of competitors' initiatives;

--our ability to successfully execute service expansion plans;

--failure of network systems to perform according to expectations;

--our ability to comply with the covenants in our senior secured credit facilities;

--failure of the Federal Communications Commission to approve the transfers (a) to a third party of the wireless licenses covered by the asset purchase agreement between Cricket Communications, Inc., and a third party and the other parties to such agreement (b) to Cricket Licensee (Reauction), Inc. of the Fresno, CA license and the licenses for which it was the winning bidder in the FCC's Auction #58; and (c) to Alaska Native Broadband 1 License, LLC of the licenses for which it was the winning bidder in the FCC's Auction #58;

--global political unrest, including the threat or occurrence of war or acts of terrorism; and

--other factors detailed in the section entitled "Risk Factors" included in our Form 10-Q for the fiscal quarter ended September 30, 2004, and in our other SEC filings.

 

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