M2Verticom and JP Systems Announce Strategic Alliance to Provide Wireless Software Applications to Vertical Markets

M2Verticom Corporation (M2Verticom), a software application developer for mobile devices, and JP Systems, a pioneer in the development of wireless enabling technology and solutions, today announced a strategic alliance to develop, market and deploy innovative software applications for the mobile computing and wireless data communications market.

The companies will collaborate to design software based on JP Systems' SureWave(TM) platform for mobile devices including digital mobile phones, personal digital assistants, two-way pagers and personal computers for the corporate and consumer users beginning in the medical, legal, real estate, engineering and retail markets.

"We are pleased to be partnering with JP Systems, one of the premier wireless technology developers in the industry. The company is widely recognized for its technological expertise throughout the industry, and many leading wireless firms including Glenayre Technology, Inc., Handspring, New York Stock Exchange and SkyTel Communications, Inc. utilize and support their wireless platform and products through licensing agreements," stated Gary Coltek, chief executive officer of M2Verticom. "This collaboration underscores M2Verticom's commitment to developing and delivering superior software applications for multiple wireless devices through corporate alliances in the mobile computing and wireless services market. We are positive that this is the beginning of a very long and rewarding business relationship."

The focus of the venture is to integrate M2Verticom's software application and JP Systems' wireless technology to create a total mobile communication solution that will significantly enhance the wireless messaging and data exchange capabilities of mobile users.

"JP Systems looks forward to working with M2Verticom, a proven leader of wireless solutions for the healthcare industry," said Ananth Rao, executive vice president of JP Systems. "With M2Verticom's ability to penetrate new vertical markets and our experience delivering wireless-enabled products on multiple devices and networks, we will expand our market exposure."

The companies will engage in an aggressive marketing campaign to promote and distribute the jointly developed business and consumer applications into several vertical markets. Marketing efforts will focus on the companies' combined subscriber base, which has increased by more than 30,000 users in the last three months, as well as other targeted market opportunities.

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