Freedom Wireless Corporation Signs Mobile Network Virtual Operator (MNVO) Agreement

Tuesday, October 30, 2007; Posted: 09:58 AM

WINTER PARK, Fla., Oct 30, 2007 /PRNewswire via COMTEX/ -- TMTP | charts | news | PowerRating -- TMT Capital Corporation (OTC Bulletin Board: TMTP | charts | news | PowerRating) and its subsidiary Freedom Wireless Corporation ("Freedom Wireless") a provider of wireless solutions, today announced that Freedom Wireless Corporation has acquired an MNVO (Mobile Virtual Network Operator) license that allows Freedom Wireless to market and sell Cellular Voice, Data and Messaging services to the GMS cellular consumer markets in the USA and Canada.

"This agreement is a major step forward for our Company and enables us to brand our Freedom Wireless cellular service across the largest GSM cellular network footprint in the continental USA as well as the Rogers network in Canada. This agreement broadens our product offerings to include Cellular, Calling Cards, Broadband, Wireless Internet and the Zebra Technology Voice Control Center. This cellular capability completes our quad network capabilities (Cellular, VoIP, POTS and WiFi) built into the Zebra Voice Control Center offered by Freedom Wireless" said Chris van der Merwe, CEO of Freedom Wireless.

Additionally, Mr. van der Merwe states "we can sell private branded SIM Card services at very competitive pricing and enable Dual-Mode GSM Cellular and WiFi network calling, Wireless data services and domestic and International SMS messaging services. The International long distance and 611 services will be provided by Freedom's carrier network and customer service center."

Freedom will predominantly market into the prepaid cellular, affiliate and non-profit markets offering unique products that will allow users the capability to enjoy free cellular-to-cellular calling on the Freedom Wireless network, for selected plans starting at $10.00 per month. Mr. van der Merwe states "our value pricing structure will provide our users a significantly reduced monthly cost versus other carrier plans being offered at a much higher cost." With an estimated 279 million cellular users in the USA and an average revenue per user (ARPU) of $34.15 to $49.00 per month, the MNVO contract positions Freedom to start selling service and minutes and rapidly accelerate its booking of top-line revenues in the coming months.

About TMT Capital Corporation

TMT Capital Corporation operates as a holding company representing various growth industries and companies. Currently, TMT and its subsidiaries are involved in multiple focused business activities including Wireless Communications, Beer Brewing and Real Estate Our mission is to grow shareholder equity by acquiring companies with unique business models and capitalizing on current trends in multi-billion dollar industries. The Company can be reached at info@tmtcapitalcorp.com or contact public relations at 407-622-5999.

About Freedom Wireless Corporation

Freedom Wireless Corporation is a majority owned subsidiary of TMT Capital Corporation. Freedom produces and promotes multi-network hardware and services focused on wireless and voice over internet protocol (VOIP) products, including GSM / CDMA - VoIP - WIFI - POTS technology. The Freedom patent pending technology has developed a new service which allows users to bridge their current cell phones, Wi-Fi phones, POTS phones and calling cards directly to the Internet for domestic and international long distance calling.

Forward-Looking Statements: This release may contain forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. Additional information about the Company can be found in periodic filings with the Securities and Exchange Commission available at http://www.sec.gov.

SOURCE TMT Capital Corporation