Mobile Ready Entertainment Corporation (OTC:MBRN)
Acquisition Agreement to Be Signed Within 30-Days
STROUDSBURG, PA–(MARKET WIRE)–Aug 15, 2006 — Mobile Ready Entertainment Corp. (Other OTC:MBRN.PK – News), a holding company of intelligent services, announced today that it had signed a definitive Letter of Intent with Cole Innovations. The letter calls for integration of Cole Innovation into the MBRN LABS and Cole CEO and Founder, Frank Cole to become CTO and Director of Innovation.
“We set out to create a win/win situation for both MBRN and CI, Josh Eikov has exceeded our expectations in being treated fairly. I am very, very excited at the prospects of MYMOBILECONCIERGE and my team is ready to deliver a product that will be not only commercially viable, but economically rewarding to the shareholders of MBRN,” Frank Cole, newly appointed CTO said.
Cole Innovations, Inc. has indirectly served the Department of Defense and directly served the US Air Force for more than three years providing a wide variety of high risk/high payoff research and development engineering services. Cole Innovations applies its mature processes and highly skilled cleared staff to consistently deliver a variety of complex projects on time, within budget, and at-or-above customer quality expectations. The company has actively focused on projects, maintenance and new development work in wireless enabled data technologies and applications such as Wireless Information Assurance, WLAN Surveillance and wireless Geolocation including 3G cellular and GSM, IEEE standards 802.15 (Bluetooth), 802.11a/b/g (WLAN) and 802.16 (WiMAX). Skills include circuit and antenna design, hardware/software Sensor development, PDA, Client/Server development, Driver Technology, Kernel level and User level Network Software, Database Internals, System Software, Linux, Solaris, FreeBSD, MS Windows, C, C++, C#, Perl, Java, and numerous other opensource and commercial languages, tools and operating systems both standard and embedded and in-house designed.
“It is a huge win for the shareholders of MBRN that we could get someone as high-caliber as Frank Cole to work with us. Our product and acquisition plans are moving on time and we look to create incredible shareholder value in the late third and early fourth quarters,” Josh Eikov, MBRN CEO said.
About Mobile Ready Entertainment Corporation
Mobile Ready Entertainment Corp. (Other OTC:MBRN.PK – News) is a strategic holding company that manages a portfolio of market leading technologies and services in mobile entertainment and digital media. Our companies operate in mobile communications, mobile corporate services, digital media entertainment and the best in games and entertainment. Through our subsidiaries we will develop, market and sell wireless application software and entertainment-based content for mobile devices. Our value proposition is to unlock, integrate and seamlessly deliver all types of data to wireless devices, whether streaming movies, music video or television content and digital radio delivery to the growing consumer market via channel and content partners — anytime, anywhere. We deliver these products and services globally across most of the major cellular networks and prominent wireless device operating systems. Mobile Ready acquired Key2Travel which spans games, concierge services, and other mobile lifestyle products. Key2Travel offers personal concierge services that assist with planning and arranging destination activities. For a traveler, K2T provides the ability to pre-plan destination activities prior to arrival through a single, easy to navigate web site or via a staffed call center. For corporations, K2T delivers unique value-add employee benefit programs, alternate revenue centers, and expense control. For travel suppliers, K2T is a much-needed differentiator in a competitive industry. For information about Key2Travel please visit www.key2travel.com. For more information about Mobile Ready, please visit its website at www.mymobilereadyec.com.
Forward-Looking Statement
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained or incorporated by reference in this website that are not historical facts (including without limitation statements to the effect that Mobile Ready Entertainment Corp. (the “Company” or “Mobile Ready”) or its management “believes,” “expects,” “anticipates,” “plans,” “intends,” “foresees,” or other similar expressions) are forward-looking statements. These forward-looking statements are based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. All comments concerning the Company’s expectations for future revenue and operating results are based on the Company’s forecasts for existing operations and do not include the potential impact of any future acquisitions. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company’s control) and assumptions.
Contact:
Contact:
Mobile Ready Entertainment Corporation
Joshua Eikov
CEO
570-269-8303
josh@mymobilereadyec.com
Source: Mobile Ready Entertainment Corp.
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