Adams Regulatory News (ADA)

7 Jun 2005 07:02

Adamind Ltd07 June 2005 7 June 2005 ADAMIND LTD AGM Statement and Business Update New operator agreements with Verizon Wireless, Telus Mobility and a worldwide expansion deal with Ericsson MILIPITAS, California - Shailendra Jain, CEO of Adamind Ltd ("Adamind" or "theCompany"), the leading media adaptation software provider for deliveringmultimedia messages (MMS) and rich content services across any network or mobiledevice, is going to provide the following update on the business at its AnnualGeneral Meeting today. "Adamind has benefited from strong trading conditions in the first five monthsto 30 May 2005 as mobile telecoms network operators deploy new infrastructurefor the launch of MMS and rich content services such as picture messaging, musicand video download. "The Company is on track to achieve its high growth and annual business targetsand already has seen major new deployments in telecom leaders including VerizonWireless, North America's largest mobile network operator with 40 millionsubscribers and Telus Mobility, Canada's largest mobile operator. In addition,Adamind has penetrated into high growth regions like Russia and Eastern Europe.The total number of operator customers using our software is now more than 90worldwide. "We have also broadened our alliance with Ericsson, the world's leading telecomsupplier, with integration of Adamind's video content adaptation software aspart of their MMSC offering. "Given the Company's revenue model is linked to the volume of content and MMStraffic over operator networks, we are well-positioned to benefit as content &messaging services become increasingly popular with consumers in the yearsahead." Enquiries: Adamind +44 20 7929 8989 on the day and thereafterShailendra Jain, CEO +1 408 468 3961 Corfin CommunicationsHarry Chathli, Neil Thapar +44 20 7929 8989 Notes to Editor About AdamindAdamind (LSE: ADA) is a leading provider of rich media content adaptation andenhancement software for MMS, content services and value added services markets.Adamind's MediaSpireTM enables delivery of images, text, ringtones, audio andvideo to and between a variety of mobile devices, domains and networks, drivingtraffic growth and creating the ultimate rich media consumer experience. With headquarters in the US, an R&D Center in Israel, a global sales force andstrategic channel partnerships with some of the top MMSC vendors and top-tiersystem integrators - all major Blue Chip companies such as Ericsson, Motorola, Openwave and LogicaCMG, CBOSS - Adamind is positioned to deliver superiorquality products, services and support to its 90+ tier-1 and tier-2 operatorcustomer deployments across the globe. This information is provided by RNS The company news service from the London Stock Exchange