Nextreaming Provides Pantech with Mobile TV Solutions on First Terrestrial DMB Handsets; Pantech's PT-K1800 and PT-L1800 Handsets Incorporate Nextreaming's NexTV(TM) Solution to Provide a Genuine Mobile TV Capability.

SEOUL, South Korea & BARCELONA, Spain -- Nextreaming, a leading provider of mobile multimedia solutions for mobile operators and handset manufacturers, today announced that its terrestrial DMB (Digital Multimedia Broadcasting) solution -- NexTV(TM) -- has been selected by Pantech Group, the second highest selling handset manufacturer in Korea, for its PT-K1800 and PT-L1800 DMB phones.

The new PT-K1800 and the PT-L1800 models from Pantech affiliate, Pantech&Curitel Communications Inc., are designed to help speed up mobile TV services in the Korean market, providing for the increasing trend for increased multimedia services on mobile phones.

Young H. Lee, executive vice president of domestic business R&D center, said: "The Nextreaming solution enables Pantech, through these new handsets, to provide consumers with a genuine mobile TV capability, including flexible usage modes and enhanced multimedia functionality."

Dr. Il-Taek Lim, President & CEO, Nextreaming, said: "The mobile TV solutions that we design provide handset manufacturers like Pantech with the opportunity to offer users an incredible variety of mobile TV and multimedia services. In turn, this means that handset manufacturers can boost their leadership in the markets in which they operate."

Pantech chose Nextreaming's NexTV(TM) based on a range of criteria -- e.g. technology innovation, quality and speed and full-featured multimedia functionality. Pantech had adopted Nextreaming's satellite DMB solution earlier, providing Nextreaming with a strong foothold in both the satellite and terrestrial DMB solution markets.

The new terrestrial phones accommodate flexible usage modes with the adoption of Nextreaming's NexTV(TM). They can perform multi-tasking functions over answering phones or SMS reception, while watching terrestrial DMB TV. The DMB service is also available for users in a PC monitor via USB connections.

The NexTV(TM) supports various coding technologies -- including H.264, BSAC and HE AAC -- and offers TV-OUT and PC-OUT functions. The company's mobile multimedia technology also provides excellent recording/playback of video and MUSICAM, and featuring snapshots and its viewer.

Nextreaming has addresses the growth of the mobile multimedia phone market with a leading edge product portfolio supporting a full range of terrestrial and satellite DMBs, DVB-Hs, media players, MP3 players and media editors in mobile handsets. The company will level up the features of the NexTV(TM) by supporting interactive services, such as BIFS (Binary Format for Scene), and data broadcasting, such as the MOT (Multimedia Object Transfer) slide show.

Nextreaming is demonstrating the capabilities and the functionalities of its NexTV(TM) via mobile phones at the 3GSM World Congress 2006 (February 13 - 16, 2006, Stand E29, Hall 2), at Fira de Barcelona in Spain.

About Nextreaming

Nextreaming is a leading provider of embedded multimedia solutions for mobile phones and other wireless devices. Nextreaming's products enable mobile phones to be equipped with camera, camcorder, media player, music player, TV, media editor, and video telephony. With Nextreaming's cutting edge products, mobile users can enjoy any type of audio and video contents on their mobile phones and communicate in advanced ways anytime, anywhere. Nextreaming's products and technology have been approved by actively participating in IMTC, MPEG, 3GPP, and 3GPP2. Nextreaming's powerful and reliable products have been successfully deployed into more than 31 commercial mobile phones. For more information, visit http://www.nextreaming.com/.

About Pantech

Pantech, through its affiliates -- Pantech Co., Ltd., Pantech&Curitel Communications, Inc. and Pantech C&I Inc -- is ranked second in the South Korean domestic market and marked as the seventh largest mobile handset manufacturer in the world. Pantech has been responsible for a number of breakthrough innovations in the mobile technology sector, including the introduction in 2004 of the world's first fingerprint recognition camera phone, as well as award winning camcorder and MP3 phones. In May 2005, Pantech&Curitel announced the acquisition of SK Teletech Co. the handset-manufacturing arm of SK Telecom, number one mobile network operator in Korea. The SKY brand, marketed by SK Teletech, is the most popular premium handset brand in Korea. In August 2005, to facilitate the goal of Pantech becoming one of the world's top five mobile handset brands, Pantech Co. and SK Teletech were merged under the Pantech organization. Pantech collectively has about 5,000 employees and a total of 20 regional sales offices worldwide. For more information on Pantech, please visit www.pantech.com or www.curitel.com/english.