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WAAT Media Gets into the Game with Charismatix; WAAT Media Acquires Leading European Mobile Game Developer Charismatix
[February 13, 2006]

WAAT Media Gets into the Game with Charismatix; WAAT Media Acquires Leading European Mobile Game Developer Charismatix


SHERMAN OAKS, Calif. --(Business Wire)-- Feb. 13, 2006 -- WAAT Media, the world leader in late night mobile entertainment, said today at the 3GSM World Congress 2006 in Barcelona, Spain, that it has acquired Charismatix Ltd. & Co. KG, one of Europe's top mobile game development companies. Headquartered in Germany, Charismatix develops all categories of mobile multimedia applications and works with major game and entertainment brands in the European, Asian and U.S. markets.

Ian Aaron, President/CEO of WAAT Media, said, "Charismatix's award winning development team, porting and download platforms are the best in the industry and a critical factor in expanding our current offering and fully integrating our new services including Video Chat onto the operator's portal. Charismatix is also a strategic move for us as we expand our product offering to include applications such as mobile web dating and video chat, a portfolio of branded poker and casino games and other late night entertainment programming."

Eugen Barteska, Managing Director of Charismatix, said, "The combination of WAAT's global distribution footprint, brand relationships and our development platform immediately expands our games publishing business dramatically. Along with our Development-Framework(C), the most comprehensive porting platform in the business, our merger with WAAT allows us to bring our new products including location based services, interactive video applications and multi-player 3D games to our operator and brand partners on an expedited basis."


About Charismatix

Founded in 2002, Charismatix is a leading developer of java games and entertainment products for mobile devices and recently won the German 2005 Game Developer Award for Best Mobile Game in the Best Action Game category. The Company provides the mobile industry's most comprehensive development and porting platform with support for J2ME, DoJa and BREW handsets. Charismatix's outstanding content quality and handset support is unique across the industry. The company is privately owned and currently employs a highly qualified team of developers in its offices near Dusseldorf, Germany. For more information visit www.charismatix.net.

About WAAT Media

WAAT Media is the world's leading provider of late night entertainment for mobile phones and wireless devices. With on-portal agreements encompassing 60 major mobile operators, WAAT Media distributes images, games, video and mobile TV to more than over 750 million handsets worldwide. WAAT Media's long-term, exclusive content agreements assure that its programming partners receive a comprehensive mobile strategy across their brand while providing the consumers with the highest quality mobile entertainment experience. For more information visit www.waat.com.

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