Mobile Streams Announces Strategic Alliance with Liberty Media Corporation and Its Subsidiary, TruePosition, Inc.LONDON -- Mobile Streams, the global mobile media specialist, today announced an investment in the form of a strategic alliance with US cable and media investment group Liberty Media Corporation's ("Liberty") wireless location subsidiary TruePosition, Inc. In addition, Mobile Streams has signed a multi-million dollar agreement to manage and operate ConnectID, the US mobile tracking business controlled by TruePosition. Strategic Alliance Liberty and TruePosition have chosen Mobile Streams as a mobile entertainment partner, the first such investment by Liberty in this fast-growing market. Liberty, through TruePosition, has acquired a 22% stake in Mobile Streams. The agreement offers significant commercial benefits and will enhance Mobile Streams' ability to license premium content from media companies while affording Liberty and TruePosition access to Mobile Streams' expertise in mobile content and technology. ConnectID Mobile Streams has been awarded a 5-year contract to manage all areas of ConnectID, the Berwyn, Pennsylvania based business offering mobile location services See mobile positioning. such as child and senior citizen tracking services, pet finder finder, in law. Ordinarily the finder of lost property is entitled to retain it against anyone except the owner. It is larceny, however, for the finder to keep the property if he knows or can easily determine who owns it. and global location-sensitive content services via mobile devices. Under the contract, Mobile Streams will be responsible for all areas of managing the ConnectID business including setting the company strategy, executing the company business plan, negotiation of contracts and personnel management. As part of the contract, Simon Buckingham Simon David Buckingham. Late 20th century English information society theorist. The originator of the term unorganisation. Today, Simon operates Mobile Streams, a global mobile application service proviider. , chief executive of Mobile Streams, will also become CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and board member of ConnectID. Under the terms of the management services agreement, Mobile Streams will be paid an annual fee for the management of ConnectID, as well as further potential payments based on the revenue and earnings performance of the business, and will also be granted the option to purchase up to 10 per cent of ConnectID. Commenting on the announcement, Simon Buckingham, founder and CEO of Mobile Streams said: "This is a major event in the history of Mobile Streams. We are very pleased that Liberty and TruePosition have chosen to invest in Mobile Streams and we look forward to working with them to develop our mobile businesses. The ConnectID agreement is also another exciting step in our growth and in working with Liberty and TruePosition, we see opportunities for the innovation of industry-leading mobile location commerce, television and broadcast services over time." Mark Carleton, Chairman of TruePosition and senior executive of Liberty, said: "After extensive research into the mobile content market and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on Mobile Streams, we decided to invest in the company. We were very impressed with the expertise and track record of its management in the mobile market and particularly with the company's unique Musia technology platform." Mr. Carleton added: "Mobile Streams has a proven ability to build new businesses in the mobile services space. Fusing its expertise and experience with the proven technology of TruePosition, will enable us to create an innovative new mobile location services business." About Mobile Streams Mobile Streams is a leading provider of music, comedy and entertainment content to handsets and other wireless devices, whose mobile expertise and distribution platform is used globally by some of the world's largest media groups and mobile phone networks including Vodafone and 3 in the UK, Movistar & TIM TIM Timothy TIM Technical Interchange Meeting TIM Transient Intermodulation Distortion TIM Time Is Money TIM The Invisible Man (movie) TIM Telecom Italia Mobile (Italian cellular provider) in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Fido & Rogers in Canada and Dobson dob·son n. See hellgrammite. [Probably from the name Dobson.] Noun 1. dobson - large brown aquatic larva of the dobsonfly; used as fishing bait hellgrammiate in the US. Mobile Streams' dedicated in-house team is expert in the creation, design and licensing of premium content and supplies a continuous flow of new, innovative services and concepts to the mobile market. Many of these are accessible by visiting www.Ringtones.com, www.MobileGaming.com or www.MobileBackgrounds.com. Musia is a next generation platform for next generation mobile entertainment content, owned and developed from scratch by Mobile Streams. Musia allows Mobile Streams to automate many of the processes involved in delivering all forms of mobile content, and its CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. capability allows local teams to assess and respond to consumers' content preferences, while also enabling global economies of scale and scope. Mobile Streams has subsidiaries in the US, Argentina, Brazil, Mexico, Chile and Colombia and has approximately 60 employees. For more information please go to www.mobilestreams.com About Liberty Media Corporation Liberty Media Corporation (NYSE NYSE See: New York Stock Exchange :L, LMC LMC Large Magellanic Cloud (also see SMC) LMC Library Media Center LMC Lees-McRae College (Banner Elk, NC) LMC Lutheran Medical Center LMC League of Minnesota Cities LMC Local Medical Committee .B) owns a broad range of electronic retailing, media, communications and entertainment businesses and investments. Its businesses include some of the world's most recognized and respected brands and companies, including QVC QVC Quality Value Convenience QVC Question Valid Command , Encore, Starz, IAC/InterActiveCorp, Expedia and News Corporation. About TruePosition TruePosition is the world's largest company solely dedicated to the development and implementation of wireless location products, services and devices, providing complete solutions to support the wireless location needs of the global marketplace. TruePosition's heritage lies in the development of advanced location systems, which includes handset, network and hybrid location solutions. In addition to providing industry leading core location technologies, TruePosition supports all levels of the wireless location value chain through its TrueNorthTM MLS See multilevel security. (Managed Location Services) offering. TrueNorth MLS provides the broadest base of wireless location technology, services, applications, support and expertise currently available on the market. It dramatically simplifies the value chain, and offers a full range of flexible business models to effectively mitigate operator risk and drive revenue and service activation. TruePosition is a subsidiary of Liberty Media Corporation (NYSE: L, LMC.B). For more information, visit www.trueposition.com Board Personnel Simon Buckingham Prior to founding Mobile Streams in January 1999, Simon worked for Vodafone UK from 1991 in the area of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services. His responsibilities included setting up and managing the Vodafone Business Partners Programme. Simon has over 14 years experience in the mobile messaging and content arena and holds a first class BCom Commerce with German degree from Birmingham University Birmingham University, at Birmingham, England; founded 1900. It has faculties of arts, science, engineering, medicine and dentistry, commerce and social science, law, and education and continuing studies. Jitesh Sodha Jitesh joined Mobile Streams as CFO See Chief Financial Officer. in April 2005. He was the founding CFO of T-Motion Plc, a JV between T-Mobile and T-Online, and following the acquisition of T-Motion by T-Mobile in 2002, Jitesh worked in a number of management roles within T-Mobile. He also held management positions at Dell Computers and Cargill Inc. Jitesh has a degree in Philosophy, Politics and Economics from New College, Oxford and is an Associate of the Chartered Institute of Management Accountants The Chartered Institute of Management Accountants (CIMA) is a UK based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members. . |
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