Adamind Completes First Stage of Multiple Capacity Upgrade Agreements with Carrier in the U.S.

Adamind's Spire[TM] Platform continues to enable carrier's multimedia content adaptation capabilities as capacity requirements increase

PALO ALTO, Calif. -- Adamind (LSE: ADA) ("Adamind" or the "Company"), a global supplier of software that enables mobile multimedia content and converged communications services to be experienced over any device or network, announces that it has completed the first stage of a multiple capacity upgrade agreement with a carrier customer in the U.S through one of its Multimedia Messaging Service Center (MMSC) OEM channels.

This agreement will generate revenues of approximately $500k for Adamind and are factored into the revenue guidance for full year 2006 provided by the Company on 30 August 2006.

Shailendra Jain, CEO of Adamind said: "These capacity upgrades demonstrate that operators are seeing an increase in MMS traffic and expect this to rise further over the holiday season. Since the installation of the Adamind Spire[TM] platform, the carrier has witnessed a multiple fold increase in its rich-media messaging traffic."

Cindy Andreotti, former President of Enterprise Markets at MCI and currently Strategic Advisor at Adamind adds, "While overall subscriber acceptance and global uptake of MMS has been relatively slow, recent reports are indicating a systematic upswing particularly in the United States. Adamind is well positioned to accommodate this growing demand in messaging and content services."

According to quarterly statistics released by operators and statistics published by Informa Telecoms & Media, the United States is the global frontrunner in terms of MMS traffic. The CTIA Semi-Annual Wireless Industry Survey reports that MMS messages sent during the month of June 2006 (1.1 billion) were equivalent to the total number of MMS messages delivered during the entire first six months of 2005. According to a recent report by M:Metrics, MMS in the US has increased by 32% in the last six months.

About Adamind

Adamind (LSE: ADA) is a provider of software that enables mobile multimedia content and converged communications services. The company addresses the interoperability challenge that exists between different mobile devices to receive and process media rich content. The Adamind Spire[TM] 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