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<< more newsMobiVentures Appoints Nigel Nicholas to the Position of CEOLondon, UK - December 5th, 2007. MobiVentures Inc. (OTCBB: MBLV), an international provider of high quality mobile applications, content and services, today announced the appointment of Nigel Nicholas to the position of chief executive officer. Mr. Nicholas has served as a member of the board of directors since March 2007. Peter Ahman will remain chief financial officer and a director of the company. With over 25 years of senior level experience in developing and implementing successful business strategies for companies within the e-commerce, Internet and mobile telecom industries, Mr. Nicholas, age 54, brings unique insight and a proven track record for building companies to MobiVentures. His depth and breadth of experience includes chief executive officer and co-founder of Move2Mobile Ltd, the UK’s foremost wireless business incubator and accelerator that has worked with over 100 start-up companies and entrepreneurs. Prior to founding Move2Mobile in 2002, Mr. Nicholas was director of strategy and operations at Lucent Technologies as part of the company’s GSM infrastructure business unit helping to grow the business from start-up to a $1.2 billion enterprise with over 2,000 employees in 5 worldwide locations. Previously, he held a number of key financial positions at AT&T Network Systems in the UK and Ireland over the course of 10 years, including financial controller and chief financial officer. Mr. Nicholas became a Fellow of the Association of Chartered Certified Accountants (FCCA) in 1981. Mr. Peter Ahman, chief financial officer, stated, “At this important phase in MobiVentures’ evolution, we are very pleased to have Nigel at the helm. His demonstrated leadership and strategic thinking as president of MobiVentures’ European operations will be paramount in taking the company to the next level and positioning us as a formidable presence in the $4 billion mobile content and services industry. Juniper Research estimates that this market will grow to $9.5 billion by 2011. Nigel’s expertise in the incubation and launch of start-up enterprises, his ability to formulate and execute effective business strategies and his proven track record in closing deals within the mobile telecom sector will be of great benefit to MobiVentures.” Mr. Nicholas commented, “The opportunities that await MobiVentures are very exciting and I am pleased to play a key role in creating an internationally recognized market leader and one-stop-shop for our high quality product and service offerings in the mobile space. I join a talented and experienced team in executing our multi-faceted business plan that includes growth through acquisitions in a fragmented market, organic growth through new services and content, as well as expanding distribution channels and geographic reach.” 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. 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.
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