Bubble Motion Closes $14 Million in Second Round Funding

Bubble Motion, the pioneer and global leader of 'voice SMS', today
announced $14 million in additional funding from existing investors
Sequoia Capital US and Sequoia Capital India, as well as new investors
Comcast Interactive Capital and NCD Investors.

This additional funding will allow the company to
further develop and expand the award-winning BubbleTALK platform, and
will enable the company to focus on securing additional operator
partnerships around the world.

Over 135 million
consumers currently use the BubbleTALK service, which provides a
'click, talk, and send' short voice messaging service that works on any
mobile phone. Operators have been implementing the BubbleTALK service
because it gives them a fun and easy-to-use new service that increases
Average Revenue Per User (ARPU) without the need for any additional
network infrastructure.

Gaurav Garg, Sequoia
Capital US, said "Bubble Motion has continued to impress us with their
developments over the past year and a half. With a solid track record
of success, a seasoned and experienced leadership team in place, and
some phenomenal usage statistics, it is not surprising that the company
received so much interest from the VC community."

Tom
Clayton, CEO of Bubble Motion, commented: "We are thrilled that Comcast
Interactive Capital and NCD Investors have joined with Sequoia as new
investors. This new capital will enable us to accelerate even more
aggressively on our global expansion goals. Moreover, Comcast
Interactive Capital will add a new perspective and hands-on help to the
executive team as we continue our aggressive expansion. With the
upcoming new product releases and phenomenal traffic growth, we look
forward to some very exciting times ahead. I'm very pleased that both
our new investors and our existing investors share that vision."

As
part of the financing, Deepak Sindwani, Principal at Comcast
Interactive Capital, has joined Bubble Motion's Board of Directors. "We
are impressed by the viral subscriber and traffic growth of the
BubbleTALK service globally and excited by its potential as a new
communication and media-oriented service," said Sindwani. "Comcast has
a strong interest in developing leading-edge, multi-platform
communications technologies."

About Bubble Motion
Bubble Motion is the pioneer and global leader for 'voice SMS'. The
company offers the award-winning BubbleTALK service, and works with
mobile operators around the world to create a global network of
asynchronous voice messaging and advanced voice content applications.
For more information, please visit www.bubblemotion.com.

About Sequoia Capital
Sequoia
Capital provides venture capital funding to founders of startups who
want to turn business ideas into companies. As the "Entrepreneurs
Behind the Entrepreneurs", Sequoia Capital's venture capitalists have
worked with innovators such as Steve Jobs of Apple Computer, Larry
Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and
Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance,
Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael
Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley
and Steve Chen of YouTube, Sujal Patel of Isilon Systems and Dominic
Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about
Sequoia Capital visit www.sequoiacap.com.

About Comcast Interactive Capital
Comcast Interactive Capital (CIC) is a venture capital fund focused on
broadband, enterprise and interactive technologies. CIC is affiliated
with Comcast Corporation (NASDAQ: CMCSK, CMCSA), a diversified global
leader in cable, broadband services, telecommunications, and
entertainment. CIC's primary goal is to generate superior financial
returns from private equity investments in early and growth stage
technology and services companies. To achieve this goal CIC works to
foster the success of its portfolio companies by bringing to bear the
unique resources, contacts, experience, and insight of both CIC and the
Comcast family of companies. Additional information is available at www.civentures.com.