Adams Regulatory News (ADA)

21 Nov 2006 07:02

Adamind Ltd21 November 2006 ADAMIND ANNOUNCES OVER $1.2M in sales in second half of 2006 VIA one of its channel partners New license sales for Adamind's SpireTM Platform to accommodate growing demand for MMS capacity upgrades Palo Alto, California. 21 November, 2006: Adamind (LSE: ADA) ("Adamind" or the"Company"), a global provider of a multimedia enhancement and managementplatform for the mobile operator and content services market, announces that itsrevenues from one of its major channels in second half, 2006 exceed $1.2M. Thisamount represents a more than 100% increase compared to the revenues from thefirst half 2006 and are factored into the revenue guidance for full year 2006provided by the Company on 30 August 2006. Yaron Dishon, VP Sales & Channel Development at Adamind says: "The sales were inthe form of Media Adaptation software licenses, capacity upgrade and supportfees for MMS services. This is a positive indication that MMS & Content Servicesin key markets worldwide have started to pick up in the second half of theyear." Analyst company Yankee Group reported that, in Western Europe alone, MMSrevenues will increase to EUR 5.8 billion by 2009. Forrester says that itpredicts that total traffic from all mobile messaging types will grow by 92%over the next five years in Europe. In terms of Pan- European MMS revenues, theyexpect it to grow to more than $6.4 billion per year by 2010. Enquiries AdamindShailendra Jain, CEO + 1-801-2319076 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7929 8989 About Adamind Adamind (LSE: ADA) is a provider of software that enables mobile multimediacontent and converged communications services. The company addresses theinteroperability challenge that exists between different mobile devices toreceive and process media rich content. The Adamind SpireTM platform provides media adaptation and enhancement software enabling service operators to successfully deploy messaging, content and next generation convergence services; generate new revenue streams; and drive key new value-added-services (VAS) enablers such as advertising, branding, DRM and anti-abuse support. Adamind has over 100 deployments in some of the world's major mobile operator networks and content providers such as Universal Mobile Music and has strategic relationships with major infrastructure vendors and system integrators including Ericsson, HP, IBM, Accenture, LogicaCMG, Motorola, Openwave, Critical Path and CBOSS.www.adamind.com This information is provided by RNS The company news service from the London Stock Exchange