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Business Services Industry

uVuMobile Announces March Quarter Results

Business Wire, May 14, 2008

Company Makes Significant Strides to Lower Costs and Position for Accelerated Growth

ATLANTA -- uVuMobile, Inc.[TM] (OTCBB: UVUM) an industry leader in connecting people and delivering entertainment, communications and information exchange today announced the early filing of financial results for the quarter ending March 2008 on Form 10Q with the Securities and Exchange Commission and provided investors with an update on how recent restructuring initiatives have allowed a significant reduction in costs and solidly position the Company for accelerating growth during 2008 and 2009.

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Revenue during the March 2008 quarter was $283,606 with costs of goods sold of only $83,500 producing positive gross margins of $200,106, which equates to 71%. This compares very positively to gross margins reported during the year ago period of 59%. Total operating expenses during the March 2008 quarter were $1,019,983, down meaningfully from the $4,016,229 reported during the year ago period. The loss from operations during the quarter was $1,156,839, down from $3,801,567 reported during the same period a year ago. Net loss per share was reduced to only $0.02 from the $0.07 reported during the March 2007 quarter.

"We are very excited about these results. Our recent reorganization and exit from the direct-to-consumer business have resulted in a steep reduction in our operating expenses without a sacrifice to our gross margins, which were up sharply to approximately 71% this quarter," commented Scott Hughes, president and CEO of uVuMobile. "We have spent the past few quarters restructuring our business and we now believe we have the right technologies and personnel in place to capitalize on the highly scalable platform we have developed. With this platform, we are able to act as a bridge between the vast and dissimilar worlds of content providers and mobile carriers in order to deliver audio, video, graphics and transactions processing being demanded by today's ever more sophisticated mobile communications users. We are continuing to see our sales pipeline increase and expect sequential revenue growth over the coming quarters as some of the recently signed initiatives come on line. Considering the strength of our gross margins and our reduced operating expense levels, we are expecting continued loss reductions over the coming quarters. If this trend continues, profitability could likely occur later this year."

About uVuMobile

uVuMobile recognizes the ever-increasing demand for personalized, interactive entertainment content anytime and anywhere on media-enabled devices by offering a full suite of products that effectively deliver video and audio content to mobile handsets and other devices. uVuMobile provides back-end media hosting, application development, mobile marketing, messaging, content aggregation, billing, advertising and other services directed towards the mobile business-to-business market. These services are now available to entertainment brands, carriers, developers, aggregators, distribution partners and other players in the mobile value chain. In addition, uVuMobile offers ad supported and white label mobile video services. For additional information, please visit www.uvumobile.com.

Forward Looking Statement

This press release contains forward-looking statements that involve risks and uncertainties concerning uVuMobile's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, financial results, financial position and liquidity are included in uVuMobile's Annual Report on Form 10-K for the year ended December 31, 2007, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2008, and in other reports filed by uVuMobile with the SEC subsequent to the filing of such Form 10-K. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from uVuMobile's web site at www.uvumobile.com. uVuMobile hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

All trademarks and/or registered trademarks are the property of their respective owners.

Business Services Industry

uVuMobile Announces March Quarter Results

Business Wire, May 14, 2008

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