Veveo Announces Licensing Agreement with Motorola for vTap Web Video Discovery Application

Business Wire, Jan 7, 2008

vTap Service Enables Consumers to Quickly and Easily Search, Discover and View Web Videos Direct From Select Motorola Multimedia Handsets, Starting with the New MOTO Z10

ANDOVER, Mass. -- Veveo Inc., a technology company that delivers the full power of Internet video to mobile devices, today announced that it has reached an agreement with Motorola to license its vTap[TM] web video application. Through the licensing agreement, Motorola will have the option to pre-install vTap software on new multimedia handsets, beginning with the new MOTO Z10 device -- a complete, pocket-sized, mobile film studio in a unique kick-slider form factor.

vTap (www.vTap.com) is a free web video discovery application that enables consumers to quickly and easily search, discover and view hundreds of millions of web videos from their mobile phones using their existing data services. Optimized for Motorola's multimedia handsets, Veveo's vTap application enables consumers to watch web videos from their phone, share and send videos directly to friends via SMS and receive automatic updates of their favorite videos.

"We're thrilled to have this licensing agreement with Motorola, a leader in wireless and broadband communications. This signifies another important step as Veveo fulfills its mission of bringing vTap to consumers whenever and wherever they want it," said Guru Pai, Vice President, Strategy and Business Development Veveo.

About Veveo

Headquartered in Andover, Mass., Veveo[TM] brings the full power of Internet discovery--including searching, discovery and viewing--to consumers with its vTap service. vTap.com is the video discovery network that enables consumers to view, share and discover all their favorite web videos anytime. Consumers can join vTap by creating a personalized profile at www.vTap.com . vTap is also available for mobile devices at www.m.vTap.com. Veveo is actively working with TV providers, mobile operators, consumer electronics manufacturers and content creators to deploy its vTap solutions. Veveo is backed by venture funding from Matrix Partners, Northbridge Venture Partners, Norwest Venture Partners and OmniCapital Group. For more information about Veveo, please visit, www.corporate.Veveo.net. For more information about vTap, please visit www.vTap.com.