3BILL Acquires Social Network - Faces.com


FAREHAM, England, March 11 /PRNewswire/ --

- Major Social Networking Brand Added to Company Portfolio

3BILL, the mobile division of Symbios Group, has confirmed today that it 
has acquired leading social network platform - http://www.faces.com

The acquisition includes all of the assets owned by the
company, transfer of the lucrative domain http://www.faces.com, user base and
the intellectual property operating the platform. Financial terms of the
agreement were not disclosed.

Originally launched in 2004, http://www.faces.com had raised
millions of dollars in funding to develop the its platform, which comes
packed with utilisable widgets such as TuneFeed, a Flash-based player which
can be used on external sites such as MySpace.

Faces.com offers social networking with a focus on music,
blogging and photos. The site is designed to allow members to view each
others profiles, communicate with old friends and meet new acquaintances.
Users can share photos, blog, display classified advertisements and express
their interests via their own bespoke faces.com page.

Customisable themes and profile pages are also available on
the site, via open features, allowing users to explore each others media,
based on tags, ratings and searchable content.

The acquisition is the second significant purchase for 3BILL
in as many weeks as it looks to strengthen its portfolio in the social
networking space, recently purchasing http://www.profileheaven.co.uk - winner
of 2006 UK website of the Year - Best community site.

Martin Montague, CEO of 3BILL, commented "We have been
developing web and networking products for many years. We now have a proven
competency both technically and commercially in the market and have
successfully delivered mobile campaigns for several leading entertainment
brands. This was recognised in our recent nomination as best UK billing
provider"

"Social networking has really taken off globally; literally
hundreds of millions of people around the world are visiting social network
sites each month, many on a daily basis. With such a great brand and domain
name such as http://www.faces.com this targeted acquisition will help us
reach critical mass quickly, and give us a great rolling start to centralise
our assets into one new dynamic social network platform rich in web, mobile
and music content - all to the delight of our users."

Plans for the site will include the amalgamation of the recent
acquisitions into a 'super community' with a wide range of previously unseen
features that will co-incide with a re-launch mid 2008. The company will not
include TuneFeed into the platform initially due to license constraints, but
will make use of its proprietary mobile software and expertise on-line.

http://www.3BILL.com

http://www.faces.com

http://www.profileheaven.com

Notes to Editors

1) Symbios Solutions Ltd is a UK company that develops enabling
software for the internet and downloadable devices such as mobile.

2) The Company also develops and operate trend setting online
personals and social networking websites, recognised for technological
innovation.

3) The Company was founded in 2000, and is based in Fareham, Hants.

© PR Newswire Association LLC.

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