MOBICOM Corp. First Quarter 2008 Revenues Increase 2416% To $1.38 Million; After Tax Net Income Increases 617% To $241,060

Business Wire, May 13, 2008

FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release.

Such risk factors include, among others: whether MOBICOM can successfully execute its operating plan; the sustainability of recent growth rates in the cell phone market; the positioning of MOBICOM Corp products in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether MOBICOM Korea can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. MOBICOM Corp and MOBICOM Korea do not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.