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SignalSoft Corp. Acquires BFound.com; Acquisition of Leading Web-based Mobile Tracking Company Allows SignalSoft to Offer Tracking Services to Operators WorldwideFor example, mobile work force managers can track their vehicles and sales teams as they move through the field using just a mobile phone and a standard Internet browser. In the near future, SignalSoft intends to offer applications that allow businesses and consumers to track the whereabouts of valuable assets, such as packages, goods or people, including the use of time- and location-sensitive alerts depending on the location of the asset. For the youth and young adult cellular market, SignalSoft intends to launch an application that enables users to find and communicate with friends when they are out in social situations. By adding BFound.com's tracking service to its suite of Wireless Location Services, SignalSoft now offers applications in four major location-based service categories: Information, Billing, Safety and Tracking. In addition, Bfound.com's development team brings key technologies to SignalSoft including the ability to display detailed maps on Wireless Application Protocol (WAP) phones and support for satellite and packet-data networks. SignalSoft intends to combine the ability to display detailed maps on WAP devices with its local.info product to deliver more detailed, real-time information such as nearby restaurants or transaction/event-based e-commerce. "Acquiring BFound.com supports our growth strategy in two significant ways," said David Hose, SignalSoft's president and chief executive officer. "We are now able to meet operators' demands for tracking more than a year ahead of our schedule with a product that is already proven in the field. In addition, by gaining a development team with extensive Internet experience, we hope to further capitalize on opportunities created by the convergence of wireless and the Internet." "SignalSoft saw the value of bringing our Internet and tracking capability to the wireless marketplace," said Tony Melli, BFound.com founder and chief technology officer. "At a time when demand for tracking services is on the rise, we offered a ready-made solution that fit their strategy. Our technology gives customers the ability to access the full functionality of the service through a standard Internet browser, cellular phone or emerging WAP-enabled wireless devices from anywhere in the world." As a result of the deal, 15 BFound.com employees will join SignalSoft, bringing SignalSoft's total number of employees to over 100. SignalSoft plans to maintain and grow the development organization in Victoria, B.C. as a core development center for its internet and mobile tracking product lines. About BFound.com Founded in 1995, BFound.com has quickly established itself as an innovator in the rapidly growing marketplace for Internet location-based services. BFound.com has successfully integrated wireless communications, geographic positioning technologies and the Internet to provide location support for wireless data applications, automatic vehicle location (AVL) and messaging systems, telematics and transaction/event based e-commerce. The BFound.com service is communications medium and device independent, enabling it to communicate reliably and effectively with most major cellular, CDPD, satellite and specialized mobile radio (SMR) technologies available today and those expected in the future. For more information about BFound, please visit www.BFound.com. About SignalSoft Boulder, Colo.-based SignalSoft Corp., with offices in the U.K., is the applications developer of Wireless Location Services(R). Founded in 1995, the Company is an innovator of the integration of location-based applications with wireless networks to provide consumers with information, billing, safety and tracking services. SignalSoft's suite of software products transforms raw location data into revenue sources that help differentiate network operators and build customer loyalty. Since its founding, SignalSoft has established partnerships worldwide with a broad range of location technology, content, Internet and network equipment companies. For more information about SignalSoft and its products, please visit the company's Web site at www.signalsoftcorp.com. CONTACT: SignalSoft Corp. Marcey J. Cote, 303/381-3046 mcote@signalsoftcorp.com or PR 21 for SignalSoft Christy Frederick, 312/396-9732 Christy_Frederick@pr21.com www.signalsoftcorp.com
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