Indigo Mobile and w-Trade Technologies To Bring Wireless Financial Services To Latin America

Partnership Will Enable Handheld Device Users to Access Mobile Banking, Trading, Bill Payment, Research & Alerting via Their Financial Institution

w-Trade Technologies (, a global provider of mobile business applications, and Indigo Mobile, a wireless software developer headquartered in Argentina, today announced a partnership that will provide financial institutions and their customers throughout Latin America with one of the most comprehensive set of wireless financial solutions available today. Based on w-Trade Technologies' patent-pending technology platform, the Indigo Mobile offering will include wireless banking, trading, bill payment, research, and a personalized alert system.

"The partnership between w-Trade Technologies and Indigo Mobile is bringing mobile commerce to Latin America, especially to the region's financial community, where demand is the highest," said Patricio Feune de Colombi, President, Indigo Mobile, SA. "Using w-Trade Technologies' industry-leading financial software and its ability to develop global, custom-built solutions, we will change the way people are doing business, allowing them to view content and conduct financial transactions anywhere, anytime, from any wireless device they choose."

Indigo Mobile's offering, one of the most comprehensive mobile technology solutions available in Latin America, consists of the following w-Trade Technologies' financial solutions:

-- w-Bank - Enables wireless banking with features including bill presentment; bill payment and receiving; account transfers; and up-to-the-minute account information.

-- w-Trade - Allows consumers and financial professionals to trade all types of financial instruments including stocks, bonds options, mutual funds and more. Features include user-or broker-created alerts; real-time quotes and stock charts; portfolio management; real-time trading; and trade confirmations.

The applications, which can either stand-alone or work as an all-in-one wireless financial solution, allow companies to offer their customers a customized and branded product. Applications can be quickly implemented with minimal cost and time to market and are compatible with more than 200 wireless handheld devices that include: WAP-enabled mobile phones, such as those made by Ericsson (NASDAQ:ERICY), Motorola (NYSE:MOT), and Nokia (NYSE:NOK); PDAs, including the entire family of Palm, Inc.'s (Nasdaq: PALM) personal organizers and Microsoft (Nasdaq: MSFT) Windows CE-based handheld computers, one and two-way pagers such as the RIM (Nasdaq: RIMM) Inter@ctive pager; and all Symbian-based wireless devices.

"There is tremendous synergy between w-Trade Technologies and Indigo Mobile, and we are delighted to partner with a company that's leading the mobile commerce charge in Latin America," said Donna R. Oliva, CEO of w-Trade Technologies. "This alliance will spearhead our entry into the Latin American markets, where wireless technologies and the number of mobile device users are growing at an exponential rate."

In Latin America, already more than twice as many people use mobile devices as PC's, according to industry analysts.

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