AGM Statement

Mobile Streams plc
21 May 2007



Annual General Meeting Announcement



May 21st, 2007



Mobile Streams plc, ('Mobile Streams' or 'the Company'), the global mobile media
specialist, today held its Annual General Meeting and all resolutions were duly
passed. At the meeting, Chairman Roger Parry made the following statement:



'Since the start of 2007, Mobile Streams has made further progress in
implementing its mission to be the technology platform provider of choice for
mobile network operators and content owners wanting to maximise the distribution
and monetisation of content on mobile phones.



Several media companies have selected the Company's proprietary Vuesia platform
to quickly and easily mobilise their content. These include major movie studios
such as Sony Pictures Entertainment and recent new customer Fremantle
Enterprises. Blockbuster movies such as Spider-Man 3 and TV shows such as The
Apprentice have been mobilised. Mobile Streams expects its platform business to
grow strongly in the future, as more major content owners select Vuesia as their
mobilisation engine and more content is made as readily available to consume on
mobile devices as it is on TVs or PCs today.



During 2007, Mobile Streams has continued to build its relationships with major
mobile network operators worldwide. The Company was selected to manage 3's
comedy channel in the UK, as well as Vodafone's games channel in Australia. All
elements of the channel, including content licensing and retailing, are powered
by Mobile Streams' Vuesia platform. The Company is in the process of launching
several new channel deals to deploy its existing music, comedy, adult, games and
cartoon content.



During the period, mobile media distribution has started shifting from the
established operator portals to new emerging direct to consumer (D2C) business
models. Mobile Streams is well positioned to serve both network operators and
content owners in monetising the existing and new distribution models, all of
which are fully supported by our Vuesia technology platform in which we have
invested heavily.



In what has been a fast changing market environment, Mobile Streams' management
team has made progress in addressing the challenges and opportunities created by
new mobile content distribution trends. The expansion of the mobile Internet,
combined with strong consumer demand for increasingly powerful multimedia
handsets, is stimulating sales of high value, mobile content across all markets.
This is positive for the Company, since its performance is linked to the volume
of transactions processed by its Vuesia technology platform. Consequently, the
Company is in a good position to export its experience and expertise to its
operating regions. Mobile Streams is responding to a rapidly evolving market and
business models which makes forecasting complex. However, the Board remains
confident that the Company has the cash, management and technical resources to
benefit from the growth in mobile media.



Enquiries

Mobile Streams (020 7395 2000)

Simon Buckingham, Chief Executive Officer

James Colquhoun, Finance Director



About Mobile Streams

Mobile Streams is a leading provider of music, comedy, sport and entertainment
content to handsets and other wireless devices, whose mobile expertise and
distribution platform, 'Vuesia,' is used globally by some of the world's largest
media groups and mobile phone networks including Vodafone, and 3 in the UK,
America Movil, Movistar & TIM in Latin America, Fido & Rogers in Canada and
Dobson in the US.



'Vuesia' is Mobile Streams' full service enterprise mobile media management
solution.  'Vuesia' facilitates content ingestion, management, delivery, billing
and reporting.



The Company creates, licenses and delivers quality content to Mobile Network
Operators (MNOs) and consumers in the form of ringtones, graphics, video clips
and other products. It has developed relationships with both content owners and
MNOs which enable it to act as an intermediary, providing an end-to-end service
encompassing a broad range of elements from content licensing to content
production, account management and channel management.



Mobile Streams has subsidiaries in Germany, the US, Argentina, Brazil, Mexico,
Chile, Colombia, Sydney and Singapore and has approximately 100 employees.

For more information please go to www.mobilestreams.com.




                      This information is provided by RNS
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