Twistbox Entertainment Secures $19.5 Million In Funding Led By ValueAct Capital

(EMAILWIRE.COM, September 10, 2007 ) LOS ANGELES – Twistbox Entertainment, Inc.™ (www.twistbox.com) a global leader in mobile entertainment has secured $19.5 million in funding led by an affiliate of VALUEACT CAPITAL and other strategic investors.“The capital will be used to drive the launch of our new products that include Web2Mobile Storefronts, Play4Prizes, and Mobile Advertising," stated Ian Aaron, Twistbox CEO. "We will also be expanding our direct-to-consumer marketing efforts to take advantage of our rapidly growing traffic and subscriber base. Our direct agreements with major mobile operators in over 40 countries, category-leading content partners and globally deployed WAP, mobileTV and games platforms have positioned us this year for substantial growth."“We have explored investments in many mobile content service providers. Our due diligence indicates that Twistbox has built a unique approach as a category leader in its late night and games businesses," stated Jimmy Price, a Managing Director at VALUEACT CAPITAL SmallCap Partners. Mr. Price, who will join the Twistbox board, added, “with their experienced management team and our strategic capital, we believe Twistbox is well positioned for significant growth organically and through acquisitions. We look forward to working actively with the management team and fellow board members to continue the positive momentum in the business.”“I am also pleased to announce that Graeme Ferguson has joined the Twistbox board," stated Mr. Aaron. “Formerly the head of programming for Vodafone Global, Graeme has been known throughout the entertainment and mobile industries as a leader and pioneer in mobile content. As we continue to diversify and expand our offerings, we are fortunate to have on our board someone with such deep industry relationships and mobile experience as Graeme."“I have a great deal of respect for Twistbox and the industry-leading position they have built over the years," stated Mr. Ferguson. "I look forward to working closely with the executive team to leverage their global footprint, great technology and leading brands to further expand the business." About Twistbox Entertainment, Inc.: Twistbox Entertainment is a leading global producer and publisher of mobile entertainment. The company has exclusive licenses with industry-leading brands, direct distribution with more than 100 mobile operators in over 40 countries and provides an extensive portfolio of award-winning games, WAP sites and mobile TV channels to more than 1.1 billion subscribers worldwide. For more information, please visit www.twistbox.com. About VALUEACT CAPITAL: VALUEACT CAPITAL®, with offices in San Francisco and Boston and approximately $6 billion in investments, seeks to make active strategic-block investments in a limited number of companies. The Principals have demonstrated expertise in sourcing investments in companies they believe to be fundamentally undervalued, and then working with management and/or the company’s board to implement strategies that generate superior returns on invested capital. VALUEACT CAPITAL concentrates primarily on acquiring significant ownership stakes in publicly traded companies, and a select number of control investments, through both open-market purchases and negotiated transactions. Twistbox press contact: Jackie Markham at 800-762-4761 or press@twistbox.com.###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

Twistbox Entertainment
Kim Lucchese

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