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WirelessDevNet.com Press Release
NeoMedia Closes "Whirlwind Week of Acquisitions" With Interview by Tobin Smith
FT. MYERS, Fla., Feb. 27, 2006 – NeoMedia Technologies, Inc. (OTC BB: NEOM), an innovator in wireless services and patented technologies that provide automatic links to content on the Mobile Internet, finished its two-week acquisition spree in the U.S. and Europe late last week by having Charles W. Fritz, its chairman and founder, interviewed by Tobin Smith on an international broadcast on BizRadio1320.com.
The interview (http://www.paperclick.com/audio/BizRadio.mp3) aired Thursday, February 23rd, on www.BizRadio1320.com, completing what Mr. Fritz called “a whirlwind week of acquisitions” in Europe, with NeoMedia announcing and/or closing acquisitions almost daily.
NeoMedia’s acquisitions discussed on the radio interview were:
12snap AG, a Munich-based award-winning leader in marketing and entertainment applications and programs via cell phones, for $22 million in cash and shares;
Gavitec AG - mobile digit, a German provider of mobile technology and marketing solutions, for $7.2 million in cash and NeoMedia shares;
Sponge, a London-based leader in developing and implementing mobile applications and delivering content to U.K. and international customers, for $17.4 million, including $6 million in cash and the remainder in NeoMedia shares.
Also discussed on-air were NeoMedia’s two moves of the previous week – completing the acquisition of Mobot®, Inc., of Lexington, Mass., a pioneer in mobile visual recognition technology, and signing an LOI to acquire HipCricket, Inc. of Essex., Conn., a provider of custom mobile marketing solutions to broadcasters and brand marketers.
‘The Start of a Worldwide Industry’
“I’ve been an investor and a believer in NeoMedia for quite some time,” Mr. Smith told listeners. “Their patented technology should be a driving force in mobile marketing. It’s not every day that you can get in on the start of a worldwide industry.”
Mr. Smith is a contributing market analyst for FOX® News Channel, and a regular panelist on Bulls & Bears, FNC's weekly investment program. He is the author of ChangeWave Investing, a New York Times® best-seller, and is the founder and chief investment strategist for ChangeWave Research, a division of Phillips Investment Resources, the world's largest consumer investment advisory publisher.
Strongest-ever Presence and Capabilities
“Today, NeoMedia has its strongest-ever global presence and the diverse capabilities that we believe are needed to attain leadership in the mobile marketing industry,” said Charles T. Jensen, the company’s president and CEO.
“With our PaperClick® technology platform, our portfolio of patents, and now with these four mobile marketing innovators under the NeoMedia umbrella – and another to be part of our family shortly – we are becoming a driving force in the global mobile marketing industry,” he said.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com), is a developer and international marketer of software and patented technologies, including the PaperClick (www.PaperClick.com) platform, PaperClick for Camera Phones™ and the PaperClick Mobile GoWindow™ and CodeWindow™, which provide One Click to Content™ connectivity for products, print and physical objects to link directly to specific desired content on the Mobile Internet. Its recent acquisitions include 12snap AG (www.12snap.com), a Munich-based award-winning leader in marketing and entertainment applications, Gavitec AG - mobile digit (www.gavitec.com), a German provider of mobile technology and marketing solutions, Sponge (www.spongegroup.com), a London-based leader in developing and implementing mobile applications and content delivery, and Mobot®, Inc. (www.Mobot.com), of Lexington, Mass., a pioneer in mobile visual recognition technology. NeoMedia also offers a variety of mobile enterprise solutions, including expertise in homeland security and e-authentication applications, and its Systems Integration Group specializes in providing expert-based IT consulting, hardware, and software solutions.
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