LONDON and NEW YORK, March 18 /PRNewswire/ --

- Move2Mobile's Diverse Portfolio of Companies Adds Depth to 
MobiVentures' Product Offering

MobiVentures Inc. (OTC Bulletin Board: MBLV), an international provider
of high quality mobile applications, content and services today announced
that it has entered into a definitive agreement to acquire 100% of
Move2Mobile Limited, the UK's leading mobile and wireless business
accelerator. MobiVentures will purchase the company for US$4.2 million
consisting of US$2.5 million in stock and US$1.5 million in cash to be paid
out over 24 months. The acquisition is expected to close on or before March
31, 2008 and will be subject to satisfaction of certain conditions prior to
closing, including delivery of audited and interim financial statements of
Move2Mobile.

Move2Mobile provides services to early stage businesses to support their
product and business development, and entry into the market. In return for
its services, Move2Mobile receives its payment primarily in stock in the
respective companies and as a result holds equity interests in 12 early stage
companies in the mobile sector. Move2Mobile's ownership position in each of
its portfolio companies ranges from a small equity interest to 20%.
MobiVentures will now have greater access to a broad scope of businesses in
the mobile space, which include a secure SMS technology company, a mobile
polling and voting, mobile fraud prevention and several other mobile focused
technology businesses. At year-end 2007, Move2Mobile was at break-even and
had combined equity interest in its portfolio companies valued in excess of
US$4.2 million.

Move2Mobile's portfolio companies include:

    -- Airborne Networks Limited-Infrastructure company that develops
       patented self-powered WiFi/WiMax radios and nodes

    -- Applied Living Technologies-Mobile voting and polling application

    -- Kyool-Mobile price comparison and search for entertainment (CD's;
       DVD's; Books etc)

    -- Mobirent-Application that allows rental of mobile content

    -- OneStopClick-Broker for provision of IT services to mid-cap companies

    -- pictureThere.com-Mobile camera bureau service for businesses e.g.
       insurance fraud prevention

    -- SmarterPark-Mobile platform to allow car park providers to make
       available and transact parking spaces by mobile

    -- Staellium-Secure SMS technology - allows for time defined automatic
       deletion of messaging

    -- T&M Wireless-Technology that allows a single device to manage multiple
       SIM cards

    -- tetraTAB-TETRA specific devices providing efficient mobile data for
       public service sector

    -- UK Street Sounds-Online and mobile social networking specialising in
       urban music and youth culture



Danny Wootton, Director of Move2Mobile commented, "The acquisition of
Move2Mobile by MobiVentures is a great step forward for our two companies.
Move2Mobile has worked with over 150 companies in the wireless and mobile
space over the last 5 years. This acquisition provides Move2Mobile's
portfolio companies with the ideal platform to launch their applications and
services to a broader market, while providing MobiVentures access to a broad
range of exciting and fast growing mobile technologies. We are excited about
the growth prospects of the combined business and the synergies of our two
teams working closely together."

Peter Ahman, President and chief financial officer of MobiVentures,
commented, "As mobile devices have become ubiquitous, innovation and demand
for ever-changing content and services has grown exponentially. The number of
global wireless subscribers is expected to grow to just over 3.1 billion by
2011 from approximately 1.8 billion in 2005, according to Insight Research
Corporation. We realized this trend early on and now, with the acquisition of
Move2Mobile, we can leverage MobiVenture's worldwide distribution channels in
order to accelerate the growth of Move2Mobile's present and future portfolio
companies across the UK, Europe, Asia, North America, and Africa."

About MobiVentures

MobiVentures Inc. is an established provider of leading edge multi-media
mobile content and services, with clients across the UK, Europe, Asia and
North America. MobiVentures acquires and consolidates growing companies that
operate within the mobile content and service industry. Through the combined
scale and resources, MobiVentures seeks to accelerate growth and time to
market for its portfolio companies and their respective products, which stand
to immediately benefit from the company's broad content array, international
distribution channels and strategic alliances.

About Move2Mobile

Move2Mobile is the UK's foremost wireless business incubator and
accelerator. Established in mid-2002, Move2Mobile provides services to a
range of businesses from start-up entrepreneurs through to established
companies wishing to accelerate and grow their business. Move2Mobile's
primary focus is helping businesses by providing management, financial,
commercial and other support to selected start-up and early stage ventures in
wireless and mobile related industries. Move2Mobile is well positioned to
capitalise on its niche position as UK's foremost accelerator for early stage
wireless and mobile related companies.

Statements about MobiVentures' future expectations and all other
statements in this press release other than historical facts are
"forward-looking statements" within the meaning of section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934,
and as the term is defined in the Private Litigation Reform Act of 1995.
MobiVentures' actual results could differ materially from expected results.
MobiVentures undertakes no obligation to update forward-looking statements to
reflect subsequently occurring events or circumstances.

Web site: http://www.mobiventures.com