Geos Communications Acquires China's Leading Mobile Content Retailer, Duo Guo

Geos Communications(TM), Inc., a leading developer and distributor of mobile applications and services, today announced that it has acquired Duo Guo, China's leading mobile content retail provider. The acquisition provides Geos with a unique, market-leading platform for mobile content distribution in the world's largest mobile communications market and expands Geos' global presence. Duo Guo is the primary and only legitimate retail channel for the discovery and download of licensed mobile media content in China.

Duo Guo operates an innovative kiosk-based distribution business, which enables mobile device users to discover and download games, movies, music, ringtones and applications. The kiosk network also serves as a channel for a wide range of mobile downloadable services such as ticketing, coupon distribution and advertising. Duo Guo has established partnerships with major retailers that include Walmart, China Unicom, Suning and FunTalk, as well as major media content providers including Paramount Pictures, EA Mobile, Cartoon Network, Warner Music Group and others. Duo Guo currently operates more than 75 kiosks in 15 cities across China including Shanghai and Beijing, and the Guangzhou, Shandong, Jiangsu and Zhejiang provinces, and is rapidly opening more kiosks.

Effective immediately, Jonathan Serbin will continue to be CEO of Duo Guo as well as an entity to be formed in Asia as a holding company for the company's Asian operations, which will be headquartered in Shanghai. In his new role, Mr. Serbin will be responsible for operations in Asia including continuing to grow the Duo Guo distribution platform business.

"This acquisition establishes our presence as a leading distributor of mobile content in the world's largest mobile communications market," said Andy Berman, CEO of Geos Communications. "Duo Guo's cost efficient, profitable and highly scalable retail model also provides Geos with a new, built-in revenue stream. In China there are over 700 million subscribers, mobile content and applications are exploding and with limited regular internet access it's becoming increasingly difficult for users to navigate to and implement the content they really want. We believe that Duo Guo's engaging format solves this problem by placing relevant content and a knowledgeable associate in areas that are convenient to consumers. Additionally, we can now manage 100% of the content available on China's major mobile retail platform, which allows us the opportunity to cross pollinate with marketing efforts for each of our innovative applications and technologies.

"We would like to welcome Jonathan Serbin to the Geos leadership team. He has an extensive background in growing retail and media companies in China, as well as financial and legal expertise. We believe his experience and guidance will prove an important asset as we work to accelerate our global presence, and expand Duo Guo's reach throughout key cities and provinces in China where we see exciting growth opportunities," Mr. Berman concluded.

Mr. Serbin said, "There is huge demand in China for the ability to purchase mobile content such as software, games and other multimedia entertainment. As the only company of our kind we hold significant competitive advantage in this market with considerable barriers to entry. The completion of this business combination represents an exciting opportunity for Geos to emerge as a leader in the rapidly growing global mobile distribution industry, and for Duo Guo to expand our already successful business."

Prior to Duo Guo, Mr. Serbin was the Chief Financial Officer and Chief Strategic Officer at EBT Mobile (LSE: EBT), a leading Chinese mobile-phone retail chain. He has also served as the President of Sinosure Financial Group, a financial advisory firm focused on China's media and retail sector. Earlier in his career, Mr. Serbin was an investment banker at Lehman Brothers, focusing on communications, media & entertainment mergers and acquisitions, and was also a corporate attorney at Coudert Brothers, focusing on international corporate finance and mergers & acquisitions in the media sector. Additionally, he was previously Chief Financial Officer of Hana Biosciences.

About Geos Communications, Inc.

Geos Communications, Inc. is creating solutions for the rapidly growing global, mobile community. Leveraging a unique combination of transformational technology, intellectual property as well as strategic and pervasive distribution channels, Geos provides products and applications for enterprises, small-to-medium businesses (SMBs) and consumers on the go. For additional information, visit www.geoscommunications.com.

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About Duo Guo

Duo Guo owns and operates the leading retail platform for the discovery and download of mobile content and value-added services. With a network of branded kiosks located in high-traffic retail settings, the company provides a convenient setting for customers to learn about a wide range of mobile products and services, in a fun, interactive environment. Based in Shanghai, Duo Guo has developed partnerships with China's largest retailers and leading global media companies to bring the highest quality games, music, wallpapers, mobile applications and ticketing services to Chinese consumers. For additional information, visit www.duoguo.cn.

Safe Harbor Statement under the Private Securities Litigation Reform Act

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. Geos Communications, Inc. does not assume, and expressly disclaims, any obligation to update these forward-looking statements.

SOURCE: Geos Communications, Inc.