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WirelessDevNet.com Press Release
SmartServ Signs Letter of Intent to Acquire Mobile Airwaves
PLYMOUTH MEETING, Pa.--Dec. 12, 2003--SmartServ Online, Inc. (OTC: SSRV) has signed a Letter of Intent and is negotiating definitive agreements to acquire San Francisco-based Mobile Airwaves, Inc., developers of the Aqivo Wireless Software Solutions.
Mobile Airwaves is a leader in the growing mobile data access market. Known for its performance and reliability in the wireless enterprise industry, Aqivo(R) enables the delivery of e-mail and data applications over wireless networks to practically any data-enabled device.
"The acquisition of Mobile Airwaves and its Aqivo e-mail enabling software technology will be a critical building block in SmartServ's emerging product strategy," said Robert Pons, interim Chief Executive Officer and a SmartServ Director. "The addition of Aqivo to our own content assets will allow us to address the rapidly expanding market of individual cell phone users who want to access their existing e-mail accounts from their wireless devices."
Mr. Pons continued, "SmartServ continues to deliver data and branded content that can increase wireless data revenue and customer retention." He pointed out the Company is marketing a substantial portfolio of dynamic mobile applications and will soon begin deploying bundled products to the market.
The Aqivo server is a cost-effective solution adaptable to most wireless devices including Palm PDAs, Pocket PC handhelds, RIM/Blackberry Pagers, as well as cellphones and PDA Smartphones. The Company has existing relationships with a number of industry leaders including BEA, Certicom and AT&T Wireless.
"There currently is an evolution of the cellular industry and competition is moving from differentiation based on network coverage and per minute rates to one based on enhanced features and services. This potential acquisition will enhance our ability to address that market with a proven leader in the wireless e-mail market," said Mr. Pons
Steven M. Landman, CEO of Mobile Airwaves, said, "We see the coming changes in the marketplace and we believe that our Aqivo product, combined with SmartServ's current content assets, can make us a leader in providing mobile applications."
There can be no assurance, however, that SmartServ will be able to complete definitive agreements and close the contemplated acquisition.
About Mobile Airwaves
Mobile Airwaves, Inc. develops innovative software solutions that enable secure, real-time access to enterprise data and applications from any wireless device. The company offers Aqivo, the industry's leading wireless software information solutions, and associated professional services, education, and support. The company has established partner relationships with BEA, Certicom, AT&T Wireless and other industry leaders. Mobile Airwaves, Inc. is based in San Francisco, Calif. Visit www.mobileairwaves.com for more information.
About SmartServ Online
SmartServ (OTC: SSRV) is a wireless applications service provider offering applications, development and hosting services. SmartServ's customer and distribution relationships exist across a network of wireless carriers, strategic partners, and a major financial institution. Our applications can be delivered via Java(TM) 2 Platform, Micro Edition (J2ME(TM)), QUALCOMM's Binary Runtime Environment for Wireless(TM) (BREW(TM)) solution, WAP and SMS, as well as RIM Blackberry and Pocket PC devices. For more information, please visit www.SmartServ.com.
Forward-Looking Statements
This news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time-to-time by the Company are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, and are not limited to, potential fluctuations in quarterly results, the size and timing of awards and performances on contracts, dependence on large contracts and a limited number of customers, dependence on wireless and/or internet networks of third-parties for certain products and services, lengthy sales and implementation cycles, changes in management estimates incident to accounting for contracts, availability and cost of key components, market acceptance of new or enhanced products and services, proprietary technology and changing technology, competitive conditions, system performance, management of growth, the risk that the Company's current and future products and services may contain errors or be affected by technical problems that would be difficult and costly to detect and correct, dependence on key personnel and general economic and political conditions and other factors affecting spending by customers, and other risks described in the Company's filings with the Securities and Exchange Commission.
Aqivo is a registered trademark of Mobile Airwaves, Inc. Other trademarks are the property of their respective owners.
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