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mywaves Selected as a Finalist for the 2008 Global Mobile Awards

SUNNYVALE, Calif., Jan. 31 PRNewswire — mywaves, the mobile video destination for consumers, today announced that its free mobile video service has been shortlisted as a finalist by the GSM Association for the 13th Annual Global Mobile Awards. mywaves was selected as one of top five finalists in the best mobile video service category. Other finalists in this category include MTV International and Sony Pictures Television International, Telestra Corporation and Vodafone.

"mywaves is extremely honored to be named as a finalist for this prestigious award," said Rajeev Raman, CEO, mywaves. "This nomination is a testament to the importance we place on delivering an unparalleled mobile entertainment experience to our loyal global audience of consumers-on-the-go."

As the most broadly distributed, fastest-growing mobile video provider, mywaves drives nearly 5 million monthly views through more than 400,000 channels dedicated to content from the world's leading media companies, user- generated video, and everything in between. Since its consumer launch one year ago, mywaves has amassed users in over 175 countries.

"Entries to the Global Mobile Awards this year demonstrate the social, business and economic impact that mobile communications is having in every corner of the world," said Rob Conway, GSMA CEO. "I congratulate the nominees on their achievement thus far. Being nominated by our independent judging panel is no mean feat given the caliber of experts it comprises, and the quality and quantity of submissions received. We await the announcement of the winners at the Global Mobile Awards evening with keen interest," noted Rob Conway, CEO of GSM Association, in a recent press release.

The winners of the Global Mobile Awards will be officially announced on Tuesday, February 12th at the Global Mobile Awards Gala Dinner held in The National Palace in Barcelona, Spain. The awards dinner is part of the GSMA Mobile World Congress event (previously 3GSM), one of the world's largest communications conferences that brings together more than 230 chief executives to address issues that impact the mobile industry from a global perspective.

About the GSM Association

The GSM Association (GSMA) is the global trade association representing 700 GSM mobile phone operators across 215 countries of the world. In addition, more than 180 manufacturers and suppliers support the Association's initiatives as key partners. The primary goals of the GSMA are to ensure mobile phones and wireless services work globally and are easily accessible, enhancing their value to individual customers and national economies, while creating new business opportunities for operators and their suppliers. The Association's members serve more than two billion customers — 82% of the world's mobile phone users.

About mywaves Inc.

mywaves is the fastest-growing mobile video destination for consumers, attracting millions of daily mobile page views for its free mobile video service. Consumers can browse through 400,000 channels of professional, user- generated and personal videos and have their favorites automatically updated and delivered to their phones. The free service works globally across all 3G, EDGE, BREW and EV-DO carriers as well as most video-capable mobile phones. mywaves provides advertisers and content owners an entirely new level of reach and engagement with the mobile consumer. Most users tune in to watch mywaves video weekly with average viewing times of 20 minutes per session. Headquartered in Sunnyvale, CA, mywaves is led by a team from Yahoo, Napster, Danger, Palm and TiVo. The company is funded by venture capital firm, Menlo Ventures. For more information or to sign up for mywaves, go to http://www.mywaves.com or from a mobile browser: http://www.mywaves.com/m.

SOURCE mywaves Inc.

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