Trading Statement

Adamind Ltd
30 August 2006


30 August 2006
                                  Adamind Ltd
                          ("Adamind" or the "Company")

                Update on Current Trading and Appointment of CFO

Adamind Ltd, a leading global supplier of media handling software in the mobile 
messaging, content and convergence services markets, provides an update on 
current trading.

Trading Update
As announced on 22 June 2006, Adamind expects the full year 2006 revenue split 
to be substantially weighted towards the second half.  Since the announcement, 
Adamind has signed a number of deals, including with an operator in EMEA region 
via one of its MMSC channel partners, a deployment deal at one of the leading 
consumer brand MVNOs in the US market, a major contract from one of Europe's top 
five mobile networks as well as a licensing content production deal with NGTS 
Solutions of Malaysia and with another GSM network operator in Azerbaijan as 
part of the CBOSS mobile infrastructure deal.

Whilst a number of the contracts delayed from the first half have been signed 
and others are near closure the Company continues to experience slower than 
anticipated growth in MMS usage and material delays in channel customer upgrades 
and as such now expects to report revenues for the full year at a similar level 
or slightly ahead of those reported for the year to 31 December 2005.

While delays persist, Adamind's pipeline of new orders for the second half and
beyond remains strong and the Company continues to make steady progress by 
signing new operator customers as well as capacity upgrades from network 
operators and content service providers worldwide. The Company's largest channel 
partner has now begun its customer upgrade programme, although currently at a 
slower than expected rate. A number of discussions relating to content deals are 
also at an advanced stage and these are expected to bear fruit from the fourth 
quarter.

The Company has taken measures to counteract the slower than anticipated growth
in MMS by bringing to market a portfolio of media-handling products and solution
s including Device Management service, Anti-Abuse & Advertisement-management 
platform and Next Generation Media Adaptation Platform which are capable of 
addressing services beyond MMS such as Email, Instant Messaging, Content 
Delivery, Service Delivery and Internet to Mobile Convergence applications. 
With this expanded base of products and services, the Company believes it is 
well positioned to enjoy further growth in 2007 and beyond. Adamind's expanded 
product portfolio is targeted at the Company's existing operator and content 
service provider customers and channel partners, thus enabling greater deal 
value per sales effort.

The Company's balance sheet remains robust with net cash of $23.0 million as at
29 August 2006.

CFO Appointment
Over the past few months, the Board has been reorganising the operations of the
business with a view to relocating the CFO function to be closer to the CEO and
to the North American market, which offers excellent potential for future
growth. For personal reasons, Eli Sofer, CFO is unable to relocate his family
from Israel to the US and hence has resigned from the Company and will step down
from the Board with effect from 1 October 2006.

The Company is pleased to announce that Gideon Marks will be joining Adamind as
CFO with effect from 1 October 2006. Gideon will be based alongside the CEO in 
Palo Alto, California. During his career, Gideon, aged 51, has held a number of 
senior roles in a range of companies including ten years as CFO of the RAD 
Group, one of Israel's largest communications groups, where he led the NASDAQ 
IPOs of three associated companies. More recently Gideon was CFO of 
RealTimeImage, now part of GE Healthcare, and was a Managing Director at Garage
Technology Ventures in Palo Alto. Gideon holds BA and MBA degrees from Tel Aviv 
University.

The Board of Adamind wish to express their gratitude to Eli Sofer for his 
significant contribution to the Company's development. Eli will remain with the
Company to ensure an orderly handover to the new CFO.

Further detail on the Company's operational improvements to support future
growth and the outlook for 2007 and beyond will be provided at the time of 
Adamind's AGM on 7 September and on 29 September, when the Company announces its
interim results.

Enquiries:

Adamind                       [phone] on the day and thereafter
Shailendra Jain, CEO          [phone]

Corfin Communications
Harry Chathli, Neil Thapar    [phone]

Notes to Editors

About Adamind

Adamind Ltd, whose shares are listed on London's AIM market (Ticker: ADA), is a
provider of software that enables mobile multimedia content and converged 
communications services. The company addresses the interoperability challenge 
that exists between different mobile devices to receive and process media rich
content. The Adamind SpireTM platform provides media adaptation and enhancement
software enabling service operators to successfully deploy messaging, content 
and next generation convergence services; generate new revenue streams; and 
drive key new value-added-services (VAS) enablers such as advertising, branding, 
DRM and anti-abuse support. With over 100 deployments in some of the world's 
major mobile operator networks and content providers such as Universal Mobile 
Music, Adamind is strategically poised to enable the promise of the Mobile 
Lifestyle revolution. Adamind has strategic relationships with major 
infrastructure vendors and system integrators including Ericsson, HP, IBM, 
Huawei, Accenture, LogicaCMG, Motorola, Openwave, Critical Path and CBOSS.  

www.adamind.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange