MFUSE APPOINTS BOB HOLT AS NON-EXECUTIVE CHAIRMAN

Mfuse (www.mfuse.com), the leading provider of mobile-enabling technology, announces the appointment of Bob Holt as non-executive Chairman. Bob’s appointment will further strengthen the Board and follows the recent addition of Mark Blandford, the founder of Sportingbet, as a non-executive director.

Bob is Chairman and Chief Executive of Mears Group, in which he acquired a controlling interest prior to its flotation in October 1996. He has a 27 year track record in developing support service businesses, initially in a financial capacity and subsequently in general management.

In addition to his work with Mears Group, Bob spent 3 years as a non-executive director of Sportingbet, the online betting company. He is currently Chairman of Wyatt Group PLC, the AIM listed investment company. He is also a director of Unicorn Asset Management and RRF the investment fund. Bob was trained in accountancy and has built a reputation as an experienced acquirer and builder of service businesses for UK PLCs.

Mfuse was incorporated in 2002 to offers its clients a reliable and secure way to play, pay and transact using any mobile device. Specifically, its aim is to enable businesses to deploy mobile transactional services across multiple devices and in multiple territories.

Marcus Wareham, Chief Executive of Mfuse said: “By strengthening the Board and adding Bob’s significant experience, it bodes well for the future and is illustrative of our ambition to become the leading operator in the mobile-enabling sector.

“Bob has a wealth of corporate knowledge and understanding that will be extremely beneficial to us. We are very pleased that he participated in the recent funding round and the Board looks forward to working with him as Mfuse continues to grow and expand its offering.”

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For further information please visit www.mfuse.com or contact:

Marcus Wareham, Chief Executive

Mfuse

Tel: 020 7154 2070

John West / Simon Compton

Tavistock Communications

Tel: 020 7920 3150

Notes to Editors:

Mfuse recently announced the closure of a £2.55 million funding round from existing investors Bestport Ventures LLP, who invested a further £850,000 and new investors including Mark Blandford, the founder of Sportingbet Plc, who invested £1.55 million. Following the funding round Mr Blandford joined the Mfuse Board as a non-executive director.

At present, Mfuse’s core offering is in the sports betting market where it works with blue-chip clients such as Ladbrokes Plc, Sportingbet Plc, Bet365, Stan James and Paddy Power Plc. Part of the new capital has been allocated for further development and marketing of a mobile casino offering.