Aepona and WaveMarket Partner for Location-Based Services Worldwide.

WaveMarket's Product Suite Now Available to Aepona's Global Carrier Customers

BELFAST, Northern Ireland & EMERYVILLE, Calif. -- Aepona (www.aepona.com), the leading supplier of Telecom Web Services solutions to telecoms operators worldwide, and WaveMarket (www.wavemarket.com), a leader in location-based services, today announced a partnership to provide location-based tracking services for carriers worldwide.

This agreement will enable operators to bring to market WaveMarket's entire product suite, including WaveMarket's recently-announced Location Privacy Platform, Veriplace[TM], to their customers quickly and easily, using the Aepona Telecom Web Services platform.

In addition to the Veriplace[TM] Location Privacy Platform, WaveMarket develops best-of-breed location-enabled applications for both businesses and consumers, including family safety, pet tracking, enterprise tracking, mobile local search and navigation, and friend finder. This partnership will facilitate the rapid expansion of WaveMarket's services, already deployed on nearly a dozen carriers in North America and Latin America, whilst enabling Aepona's carrier partners to offer customers these popular location-enabled applications.

"We are delighted to offer WaveMarket's powerful suite of enterprise and consumer services as part of our Telecom Web Services solution," said Michael Crossey, Aepona's VP of Marketing. "Our industry-leading platform provides the ideal foundation for WaveMarket's suite of location applications and allows our carrier customers to offer these valuable location-based services to their users - quickly and easily."

"Location-based services are extremely popular in North America and we are pleased to be partnering with an industry leader like Aepona to help bring these services to their global carrier customers," said Tasso Roumeliotis, WaveMarket CEO. "Furthermore, Veriplace[TM] will allow Aepona's carrier partners to quickly and securely deploy new location applications with other LBS vendors while protecting the security and privacy of their users."

About WaveMarket

WaveMarket Inc., headquartered in Emeryville, Calif., is a world leader in mobile location-based search and services, offering a software product suite that includes both white-label solutions and mobile platform components. White-label solutions include WaveMarket's industry-leading family finder, search, and asset tracker services, with more than a half-dozen commercial deployments in the United States, Canada, and Latin America. WaveMarket's mobile platform components include turn-by-turn navigation, mobile social networking and dynamic tiled mapping, all designed to be commercially deployed with partner brands such as the WaveMarket-designed and engineered Ask Mobile GPS. Marketing to brands and mobile carriers in the United States, Europe and Asia, WaveMarket's customers include top tier North American carriers Sprint Nextel, Alltel, Bell Mobility, Aliant, and MTS Allstream, Vivo in Brazil, and SK Telecom, South Korea's leading wireless carrier. Founded in 2000, the company is financed by a group that includes Draper Fisher Jurvetson, QUALCOMM Ventures, BlueRun Ventures (formerly Nokia Venture Partners), Intel Capital, and Mitsui Ventures. For more information, visit www.wavemarket.com.

About Aepona

Aepona provides software products and solutions to Telcos globally, empowering them to fully participate in the new, collaborative world of "Telco 2.0" and unleash the full potential of their network assets. Headquartered in Belfast, Northern Ireland with offices in the UK, Europe, North America and Asia, our products have been deployed by Tier 1 operators such as France Telecom/Orange, Sprint, Vimpelcom, Bharti Airtel, TELUS, BT and KPN, supporting several hundred million subscribers worldwide.

Aepona's solution provides the crucial bridge between the Web/IT and Telecoms domains, enabling new Telco business models, creating new channels to market and opening up new revenue sources from their existing network assets. New services can be developed and rolled out faster than ever before, and can be seamlessly deployed across mobile, fixed, circuit-switched and IP/IMS networks.

Aepona's Telecom Web Services platform - recently awarded the prestigious "Best Service Delivery Platform" Award in the GSM Association's 2008 Global Mobile Awards - allows Telcos to securely publish their network capabilities - communications, information and intelligence - to the outside world as standards-based Web Services. This enables thousands of 3rd parties to telecom-enable both Enterprise business processes and web-based consumer services, providing Telcos with new revenue sources from existing assets as well as many new routes to market.

For more information, visit www.aepona.com.