Monstermob - the name is enough to put a serious investor off. But you should take this business seriously and the accounts look pretty strong!
Shame really, about the name, given recent superb results. Shares are now at 80p, but given they floated a few months ago at more than double that, had a profit warning and have since consolidated over the last six weeks (initial profiteers out) they are worth a very serious look following the numbers.

There is a market cap of about 20 million and eps came in at the half-way stage of 3.3p. A profit post tax of 827,000 is very encouraging indeed.
Turnover is up 32% and there is 6 million in the bank.

Monstermob markets differentiated and easily accessed mobile phone entertainment
and personalisation services. These include ringtones, java games, colour
wallpapers and videos as well as community chat, competition and gaming
products.

Not exactly thrilling but consider the vast growth lined up:
Monstermob is in the process of rolling
out a subscription based ringtone application on China Mobile, which is the
largest mobile network operator in the world with over 160 million subscribers.

Two small profitable acquisitions in the period should enable yet further expansion, and a bigger one announced today which gives them exposure to another 85 million customers in the US.

The market is beginning to react very positively and I think we could see these shares gain 50% of the lost ground since flotation very rapidly. Could be best for a short term trade of maybe 2-6 months, given longer term competition questions, but for the moment and up to next results, things look very rosy.

Dixon's took options at 165p, while Shares mag should comment on the results tomorrow - they are a fan of the company.

Too much to hope it might be a play of the week?

Chart shows fall after warning consolidation and now a possible (substantial) brakout after results.

Looks like it could have potential hawick. If it goes aswell as your last few tips Ill have a few bob on it. Will keep it on the watch list until shares mag is out.

Keep thinking its tuesday, Shares mag out in the morning.

cheers Gf

I think so!

Unusual way of doing it, but a sign of confidence for sure!

Period during which or date on which exercisable

MINIMUM OF 6-MONTHS FOLLOWING SATISFACTION OF CONDITIONS UNDER SECTION 13)
BELOW


9) Total amount paid (if any) for grant of the option

NIL COST at Grant


10) Description of shares or debentures involved: class, number

1,000,000 ORDINARY SHARES of 2.5p each


11) Exercise price (if fixed at time of grant) or indication that grant is to
be fixed at time of exercise

66p exercise PRICE


12) Total number of shares over which options held following this notification

66p Options over 1,000,000 ORDINARY SHARES of 2.5p EACH


13) Any additional information

THE ABILITY TO EXERCISE THE OPTIONS IS SUBJECT TO SHARE PRICE PERFORMANCE
CRITERIA, WHEREBY THE MONSTERMOB SHARES PRICE MUST TRADE FOR 30 DEALING
DAYS OVER THE FOLLOWING LEVELS:

100,000 nOT SHARE PRICE SPECIFIC
200,000 SHARE PRICE HAS TRADED above 100p
300,000 SHARE PRICE HAS TRADED above 135p
400,000 SHARE PRICE HAS TRADED above 170p

A mere 3.5p fall today after an 8.5p rise on Thursday and a 30p rise Friday tells me all I need to know.........

Plenty more in this one in coming weeks!

Still holding! :)

Also very excited about this one! Wish I had invested more a few weeks ago...

Starting to get going now, like this one better than CYH in the early days.

This one is throwing off the cash.

A monster if ever I saw one.

SW

There is a monster in the house , yes its Monstermob (mob) a company which has done particularly well over the last six months . Profits will be well ahead of market expectations when results come out in mid febuary . The company also plan to take there subsciption membership for digital music catalogue downloads onto mobile phones into america this quarter and have a stake in a company moving into china. One of the fastest growing companies around .

Regards Bowman

well put Bowman
agree all the way
my only concern is can it keep up the pace
as price has doubled in last 3 months
sitting on a nice gain lets hope for more

regards HUSTLER

hey there Hustler , profits should double this year due to american subscibers and organic growth. Look at how quickly this company has brought about good profits and made some exciting deals. I expect some more aquisitions this year and profits to beat expectations over the whole of this year.Dont be surprised if they hit 9 million . This is one company to keep on the right side of this year.

Regards Bowman

agreed a monster
watch out for profit taking
then to power ahead

regards HUSTLER

hi moneyplus - reply to question on NETeller thread
monstermob
sp has more than doubled in last 3 months with good reason
year end to dec 04 predicted ptp 3m up from 1.5m dec 03
rising to 5m dec 05
per is now a bit lumpy at 21 for 05 however results should
be due within next month if estimates for 06 carry on the trend
forward per will drop all said growing at this rate it is hard to
see the market loosing it's appitite and a company growing at this
rate should demand a lot higher per 30+ would not be out of the question
backed up by good roce 22% margin 10%+ low gearing and
brokers - teather & greenwood and durlacher both rating them a buy
in dec profit taking may take place but the current trend is definetly
up
hope this helps - also read previous threads

regards HUSTLER

Thanks Hustler will watch with interest and try to time my entry. Certainly looks a promising company.

Results for MonsterMob due out on 14th or 15th febuary will deliver profits and more than the market has forecast . Good luck to all those holding the Mob.

Regards Bowman

3.00 come results ?

capa

Don't know about price predictions capa but things do seem to be "upwardly mobil" on this one.

Only allowing 1000 to buy online and won't even allow more then 2500 to sell at the moment.

This sector is red hot at the moment, I hold SEA and WNN but suspect MOB may be the pick of the bunch.

capa

Wondering If there will be a pull back before results. a top up opportunity perhaps.

Things don't normally go up In a straight line.

Stan, sometimes they do, sometimes they don't, MOB is heading in a pretty straight line at the moment though and it is up, although I'm not ramping it, just very happy to have bought at a lower level. The last trading update was about as positive as you can get and the results should be more of the same, time will tell though! DYOR.

Anyone noticed these today.

Through 3.00 like a hot knife through butter, I can't see this being pre results buying, summats up !

capa

Hi capa ,what a great share the Mob is turning out to be. You could say its the business and well done to all the people who got on board already.

Regards Bowman

just keeps on going
only been in 3 months up 150% wow
how much more to run ??

good luck all

regards HUSTLER

Thats the question H. Unfortunately no one can give the real answer.

It remains a personal decision as to when to capitalise on one's profit.

It's dropped back a bit so decided to take the profit to be on the safe side.

Been a cracking lift today with the possibly more to come.

Good luck to you holders.

Results should read well guys, i think they are out around the 15th febuary 2005.Lets wait and see how they are .

bowman, Results according to Hemscott are 16th March, like I said in a previous posts this cannot be pre results buying.

cheers


capa

Your right capa 16th March for the preliminaries.

Agree looks to early for a results surge.

Interesting to see If we get a pull back to force some smaller sellers out so the Institutions can get some big orders filled.

Best of luck to all holders on this one.

Couldn't you just spit. All my cash is tied up and could not release any quickly enough to get into this one. Is it too late? Or is growth in this one expected over the long term even after this meteoric rise over the last couple of days?

B2B

brain2brain, ah if only I knew the answer to that question.

The sector is hot, this is the biggest player in a rapidly growing business, earnings growth here is phenominal, and I am not sure what was happening yesterday but looks like Institutions are getting interested.

Price increase has been sharp indeed and may retrace which would provide buying opportunity, but if they don't these move so fast you blink and they've gone.

FWIW I do not think they are overvalued yet, should do eps of 17p next year which puts them on a multiple of less than 20 which is cheap for a company with growth of 100% year on year.

capa

Here may be the answer to yesterdays action, The Times has mentioned MOB in its Rumour of the Day as being the possible target of a rival mobile phone content provider.

capa

If its true and that If is underlined and highlighted then a price northward of 4.00 could and should be the starting point.

capa

Hi capa ,thanks for putting me right about the results day.

regards bowman

See today's Guardian and Times.

Bid rumours apparently.

iTouch was mentioned.

UK smallcap opening - Monstermob higher again on speculative interest

AFX

LONDON (AFX) - Shares in MonsterMob extended yesterday's speculative gains, adding 16-1/2 pence at 323-1/2 as newspaper reports suggested the firm could be on the receiving end of a bid.

The Times' 'Rumour of the Day' suggested that Monstermob is being stalked by a rival mobile phone content provider, while the Guardian's market report also highlighted takeover speculation in the firm.



jmh/vjt/


There we are then.

MonsterMob Group PLC
04 February 2005

Monstermob Group PLC



4 February 2005



Monstermob Group PLC ('Monstermob' or 'the Group')



The board of Monstermob has noted the rise in its share price today and recent
press speculation and announces that it is in preliminary discussions that may
or may not lead to firstly, an acquisition of an overseas mobile content
provider and secondly, an acquisition that may constitute a reverse takeover
under the AIM Rules.



End


This information is provided by RNS
The company news service from the London Stock Exchange

ITOUCH PLC
STATEMENT RE PRESS SPECULATION

The Board of iTouch Plc (the 'Company') notes the recent press speculation
regarding the Company and announces that it is currently examining a number of
strategic options and is in preliminary discussions which may or may not lead to
an offer for the Company. A further announcement will be made when appropriate.


Looks like its ITU/MOB reverse takeover, who is taking over who though, that is the question. A reverse takeover implies ITU taking over MOB but I think it is MOB effectively taking over ITU, all good news, this should create a mega provider in one of the fastest growing markets around. This is definitely good news for holders of both companies.

Buy now or wait for developments?? decisions ! decisions! I can't help feeling I've missed out on this one.

Don't they say Buy on rumour and sell on fact....or something like that MP?

Agreed Stan-cheers MP

Missed all the fun this a.m, rather glad as I wouldn't have known what to do !

Can't see MOB paying over the odds bearing in mind previous acquisitions, and when the dust settles what are we left with a monster mob !

IMO this can only increase the value of my other plays within the sector SEA and WNN on talks of consolidation.



capa

Certainly worth keeping an eye on these.

Certainly is Stan, if you think about it those huge buys of yesterday were obviously in the know, how much do they know that is the question.

If the talks are advanced the terms may also be known, to buy then at 3+ seems to indicate that MOB have driven a hard bargain, as they have done in the past.

Is it pure co-incidence that the share price of ITU has been increasing recently as well as MOB? I suspect not.

Conspiricy theories notwithstanding MOB are worth 3 of anyones money with or without a deal.

I'm neither adding nor selling, just holding.

capa

That seems a fair enough appraisal capa.

I've come out for cash balancing reasons.

At the present moment price could go either way, although my feeling Is probably north rather then south.

More news to come on this one I bet In the next month.

Good luck.

iTouch PLC
04 February 2005


For immediate release

4th February 2005

iTOUCH PLC
('iTouch' or 'the Company')

Further to the announcement made earlier today, iTouch today makes the following
statement:

'Over the last year, we have established iTouch as a leading European provider
of mobile content with the widest footprint in terms of coverage of
international territories in the region. This is a result of strong organic
growth and the successful integration of two major acquisitions.

As part of our continued corporate development we continue to evaluate a number
of strategic options to further our international expansion, enhance our market
presence and expand our mobile content offering, thereby increasing shareholder
value.

These include the signing of agreements with complementary business partners and
the exploration of various ways to accelerate our already strong growth, both
organically and through targeted Mergers and Acquisitions activity. In this
regard, iTouch has explored many potential opportunities, and is currently in
preliminary discussions with Monstermob Group plc, which may or may not lead to
an offer for the Company. We intend always to do what is best for the Company
and for our shareholders and will update shareholders when appropriate.'

In the 9 months to 30 September 2004, iTouch reported revenues of 56.1 million,
a 33% increase on the previous year. EBITDA was 5.8 million compared to a loss
of 1.1m in the comparative period in 2003.

Enquiries:

ICIS Tel: 020 7651 8688
Tom Moriarty
Archie Berens




This information is provided by RNS
The company news service from the London Stock Exchange
SPCILFIRFSISIIE

iTouch confirms in talks to buy Monstermob
AFX


LONDON (AFX) - iTouch PLC has confirmed it is in discussions with Monstermob Group PLC 'which may or may not' lead to an offer for the company.

The talks are a part of the company's review of its strategic options.

newsdesk@afxnews.com

ec

Has anyone any idea as to the sp for a reverse takeover for this company would come out

Anyone got any thoughts about what is happening at the moment? Is this a natural retracement in the light of the rapid increases over the last week? What effect is the rumour of take over bids likely to have on the future share price?
Would like to get into this one for the medium / long term but undecided about the timing!!!!!!!

Cheers

B2B

I've got some thoughts but couldn't possibly predict where the share price is going in the short term (meaning the next couple of days).

Traders are taking their profits whilst there is an element of uncertainty regarding the recent news. Will they be back when they concentrate their minds on the results due out next month, I think they will along with some bigger players who will not want to miss out.

The growth here is phenominal and results should knock current estimates into a cocked hat.

What I tend to do when making a first investment is first decide how much I am wishing to invest and what I consider to be a good price. I then buy in three equal tranches. If I did not currently hold MOB I would be looking at 2.40 for my first purchase, if it slipped further to say 2.30 I would get my second tranche, on the basis that I thought they were a good buy at 2.40, I get a better deal at 2.30 and so on. This way I am not overly concerned about a drop in price as I am looking to get some more on the cheap.If they go up I average up.

If you look at that spike you can see that at some stage profit taking was bound to happen, the price got to 3.00 about a month earlier than I had bargained for and obviously a lot of that was due to takeover rumours, the fundamentals are intact and going on previous acquisitions MOB know what they are doing.

I am sitting on a good profit here, first bought at 1.70 then at 2.00 and lastly at 2.20. Have freed some cash and looking at buying again but will probably wait until next week, when hopefully things have stabilised.

capa

Monstermob terminates iTouch talks 13.18 8/2/05

Any ideas where the price will go after this--up again???

Last week I could only buy between 1000/1500 online.

Today I notice It's back up to It's usual market size of 10000 max.

Read Into that what you will.

As for any Ideas MP I'm afraid the answer has to be no.

A Company worth watching though I reckon all the while the Barclay Brothers are In there.

Been out this p.m and notice the ITU deal off.

Normal service has been resumed it would appear, obviously MOB were not interested if the price wasn't right, they have been very good before at knowing what they want and at what price.

I can see a steady rise now up to results next month and am going to buy some more first thing tomorrow.

capa

Have managed to free some cash. But have a real dilemma. Have already bought into DGM, NML, SHI and NRG but am unsure whether to go for MOB or SEO (perhaps missed the boat here) Any one got any thoughts? At present I am probably going to try and release some more cash by selling RR and buy some of each from the proceedings.

Cheers

B2B

Having looked at the two graphs of todays Time movement of share prices for both ITU and MONSTERMOB it would appeat that everyone who was in ITU got out at 1.30ish and everyone who was out of MONSTERMOB was clambering to get back in.

One the way back up to 3.00 methinks.

SEA results recently were very good and will hopefully concentrate the market on MOBs results next month.


capa

I am the only one left in these ?

3.00 so close you can smell it.

The RNS yesterday saying that Phunky Phones had reached their earn out demonstrates how good a deal these lads can broker. The fact that the ITU deal was shelved indicates to me that they know what they want and at what price they are willing to pay.

Results out on the 16th.

capa

Over 3.00 this morning, article in Sunday Times very bullish about the sector. Mob operating at the best margins of all the companies and Higginson quoted as saying that his aim is to build the largest and most profitible mobile content distribution business in the World. I'll drink to that.

Added a few more first thing :-)


capa

What are peoples long term views on this share - in at 363p? I really should have thought a bit harder about my nickname!

Tipped in the Daily Mail today (Saturday)as a BUY, suggested that Monster Mob will become a world leader !!

These seemed to have dropped to a reasonable level.

Back In for a profitable trade hopefully.

Big rise today so out this side of the tax year end +14.

MonsterMob Group PLC
24 May 2005

Date: 24 May 2005

On behalf of: Monstermob Group plc (the 'Company' or 'Group')

Under embargo until 0700 hrs

MONSTERMOB GROUP PLC
APPOINTMENT OF HANS SNOOK AS NON-EXECUTIVE CHAIRMAN


Monstermob Group plc, a leading media and entertainment company which
specialises in the sale of mobile telephone entertainment content and services,
today announces the appointment of Hans Snook as Non-Executive Chairman of
Monstermob with immediate effect.



Hans Snook, 56, was the founder Chief Executive of Orange and was most recently
Chairman of The Carphone Warehouse Group PLC. Lord Baker of Dorking CH, current
Chairman of Monstermob Group is stepping down from his position and becomes the
Chairman of the Monstermob International Advisory Team, a group of senior and
experienced commercial executives providing strategic counsel to Monstermob
executives on all aspects of business including global expansion, marketing,
advertising and general business operations.

Seems like a man of vast experience has been appointed here.... market seems to like It, up over 6% so far at 238p.

Interesting read on www.citywire.co.uk If anyone's Interested.

Up another 6% so far today.

Start of a bull run in the making here, what's your target Stan?

No target as yet Chiva, letting It ride for the moment.

Have you got one?

Same as you to ne honest. 282 is a resistance as is 310/315 I'll be watching closely then. Feel relatively confident we could march through both of those.

Yep, me to.

I think I'm right In saying that the Barclays last topped up at around 280p

so anything above that looks achievable.

Marched through 282 Stan, this is looking very strong

It Is, tempted to sell as it came down after a good rise yesterday, then get In again on the dip...but holding firm for now Chiva.

This is showing great strength Stan and no sign of slowing up. Will be interesting to see where it ends up this week, looks set to steam through 320. Marvellous.

Technically on hols. but could not resist looking In, steady as she go's.

Up to 405p so far today.

Looks like that China announcement Isn't to far away now.

vertical p+f targets for monstermob are 468 and then 618 so a very definite hold for me and a recommended buy for anyone who doesn`t own them dyor etc

Results due 5th Sept

China aquisition before interims 5th Sept. See previous RNS news for confirmation.

vertical p+f target has increased to 699

I started this thread at 80p. Wish I had kept them longer, but am now buying into ADA in a similar field and having had, in ADA's case, a bullish update (MOB started with a warning) but a similar cold shoulder to what MOB started with from the market. Under 100p I suggest people now look at Adamind.

Big sell off by directors yesterday, do they know something the rest of us don`t?

There's a reasonable chance we may have seen the end of the downturn yesterday. Anyone on here willing to give me good reasons to buy in, as I am not a holder....

good results-massive chinese market opened up recently and that's why I'm holding for 12 months at least.

are these still worth a punt, have been tracking since positive comments from shares mag a few weeks ago, just keeps rising

RNS Number:4879B
MonsterMob Group PLC
13 April 2006

Date: 13 April 2006

On behalf of: Monstermob Group plc (the 'Company', 'Group' or ' Monstermob')

Under embargo until: 0700hrs


Acquisition of W-Infinity


Monstermob Group plc ("Monstermob" or the "Company") is pleased to announce
today that it has entered into an agreement for the proposed acquisition of
W-Infinity Communications Limited ("W-Infinity") ("W-Infinity Acquisition" or
"Acquisition").


* Monstermob has agreed to acquire W-Infinity, a leading provider of
mobile content services in China - the world's largest mobile telecommunications
market, forecast to grow by 225m additional users by 2008

* Consideration predominantly in new Monstermob ordinary shares and loan
notes and is expected to be USD 81.5 million payable in three stages

* A leading provincial off-portal business in China

* Highly complementary to Group's existing Chinese operations

* Unaudited EBITDA for 2005 expected to be USD 6.5m

* Directors expect the acquisition to be earnings enhancing in its first
full year

* Completes Monstermob's acquisitions in China - Monstermob China now
poised for strong organic growth

Monstermob is pleased to announce today that it has entered into an agreement
for the proposed acquisition of W-Infinity.


As previously announced, Monstermob has been pursuing a number of significant
strategic acquisitions and our focus had recently narrowed to one in China and
another in a new territory. At the date of the announcement of our preliminary
results, we believed we would be unable to consummate these transactions,
despite believing them to be in the best interests of the Group. However,
following our statement of our focus on organic growth in that announcement, the
principals of W-Infinity, the Chinese business which we had been contemplating
acquiring, made a new proposal to the Board. We are delighted to have now
reached agreement to consummate this transaction.


W-Infinity will complete our acquisitions in China and significantly enhances
our ability to grow organically due to its strong strategic and highly
complementary fit with our existing operations, Atop and M Dream. We have
continued to develop our management infrastructure in China and now employ three
former senior PwC professionals in our China head office. Following the recent
addition of Yongqiang Qian (Atop's founder, Chairman and CEO) to the Board as
Managing Director of Monstermob China, we are confident in our ability to drive
attractive returns from this key region.



In the foreseeable future, Monstermob intends not to actively seek any new
acquisitions which are significant in the context of the overall group. Our
near term focus remains on integrating and synergising our existing acquisitions
to drive organic expansion throughout our territories as well as on the
development of compelling next generation mobile services.



W-Infinity was founded in July 2002 by Jack Deng, its CEO and largest
shareholder. W-Infinity is based in Beijing but has a very strong regional
presence, operating in 27 of China's 31 provinces from six offices. W-Infinity
markets off-portal and sells the majority of its products directly to consumers
via SMS (circa 70 per cent. of revenues) and sells the typical range of mobile
content products (ringtones, wallpapers, games and text based products).



From a start up, the business has grown to over 170 employees (as at 20 March
2006) and, in the year ended 31 December 2005 recorded unaudited net revenues of
USD 12.4 million and EBITDA of USD 6.5 million. Unaudited net assets as at 31
December 2005 were USD 7.7 million.



The Directors expect the Acquisition to be accretive to earnings per share of
the Group in the first full year following completion*. The W-Infinity
Acquisition is expected to complete by the end of May 2006. Full details of the
consideration and deal structure are given below.



Commenting, Martin Higginson, Chief Executive of Monstermob said:


"Monstermob is now a truly global business with leading positions in many of the
world's largest and fastest growing mobile phone markets. We are delighted to be
acquiring W-Infinity which complements our existing Chinese operations. Our
enlarged business will have a strong position in the world's largest mobile
market. The combination of Atop, M Dream and W-Infinity, three highly
profitable companies which have demonstrated enviable growth rates, will give
the Group a very strong platform from which to capitalise profitably on the
growth opportunities in China."



Yongqiang Qian, Managing Director of Monstermob China said:



"We are very pleased to welcome Jack Deng and W-Infinity to Monstermob China.
Jack and W-Infinity bring deep carrier relationships throughout the provinces of
China and has a highly complementary off-portal business model to our existing
businesses, Atop and M Dream. I believe that this will allow our China
businesses to drive substantial synergies and strong organic growth over the
medium term. Monstermob China will have over 400 employees and a leading
presence across both 2G and 2.5G services. Our China management team brings
some of the strongest expertise in the region and we are confident that
Monstermob China is positioned to be a long term leader in the Chinese mobile
entertainment market."



Enquiries:

Monstermob Group plc - Martin Higginson, CEO 01524 586 708

Investec Investment Banking - Chris Godsmark / Erik Anderson 020 7597 4000

Redleaf Communications - Wendy Timmons / Emma Kane 020 7955 1410



Notes to Editors



Further information on Monstermob can be found on the Company's corporate
website: www.monstermobgroup.plc.uk



* This statement is not a profit forecast and should not be interpreted to
mean that the earnings per share in the financial year ending 31 December 2007
or any subsequent year will necessarily match or be greater than for any
preceding financial period.




Acquisition of W-Infinity



Monstermob Group plc ("Monstermob" or the "Company") is pleased to announce
today that it has entered into an agreement for the proposed acquisition of
W-Infinity Communications Limited ("W-Infinity") ("W-Infinity Acquisition" or "
Acquisition").



As previously announced, Monstermob has been pursuing a number of significant
strategic acquisitions and our focus has recently narrowed to one in China and
another in a new territory. At the date of the announcement of our preliminary
results, we believed we would be unable to consummate these transactions,
despite believing them to be in the best interests of the Group. However,
following our statement of our focus on organic growth in that announcement, the
principals of W-Infinity, the Chinese business which we had been contemplating
acquiring, made a new proposal to the Board. We are delighted to have now been
able to have reached an agreement to consummate this transaction.



The W-Infinity acquisition will complete our acquisitions in China and
significantly enhances our ability to grow organically due to its strong
strategic and highly complementary fit with our existing operations, Atop and M
Dream. We have continued to develop our management infrastructure in China and
now employ three former senior PwC professionals in our China head office.
Following the recent addition of Yongqiang Qian (Atop's founder, Chairman and
CEO) to the Board as Managing Director of Monstermob China, we are confident in
our ability to drive highly attractive returns from this key region.



In the foreseeable future, Monstermob intends not to actively seek any new
acquisitions which are significant in the context of the overall Group. Our
near term focus remains on integrating and synergising our existing acquisitions
to drive organic expansion throughout our territories as well as on the
development of compelling next generation mobile services.



It is our continuing view that the mobile content market offers attractive
growth prospects on a global basis. We believe that the mobile phone will become
one of the most important media channels globally in coming years. Forecasts
suggest that almost 3.96 billion mobile phones will be in circulation globally
by 2011 compared to circa 2 billion at the end of 2005 (Source: Portio Research,
January 2006). In the Board's view, increasing handset penetration, coupled
with the advancement of handset and network technology, will drive the growth of
the mobile entertainment market.



In order to position Monstermob to benefit from this anticipated market growth,
the Board has sought to build a global group, with leading positions in a number
of diversified markets, in many cases at differing stages of evolution. The
Board has focused on markets with large populations (which in a number of cases
exhibit low handset penetration, such as China) where it believes the growth
prospects to be attractive on a long term basis and where leading positions can
be acquired on acceptable terms. To this end, acquisitions have already been
made in the USA, Philippines, Malaysia and most recently China and Russia. In
addition, joint ventures have been established in a number of other territories
such as Indonesia, Bangladesh and Vietnam.



Background to the Chinese market



We believe that the Chinese market offers very attractive growth prospects:
China is the world's largest mobile market with approximately 370 million users
(circa 30 per cent. penetration). This is forecast to grow to some 650 million
users by 2008, representing penetration of some 50 per cent. (Source: AFX News
Ltd and Portio Research, January 2006). Monstermob has already completed two
acquisitions in China - Atop and M Dream. Atop, our first acquisition in China
(completed in September 2005), is a leading provider on China Mobile's WAP
Platform and M Dream, our second acquisition (completed in January 2006) is a
leading mobile game developer and provider on China Mobile's games portal.



The Board believes that the W-Infinity Acquisition will not only give the
Company greater exposure to the fast growing Chinese mobile market but that
there are strong potential synergies between the Company's Chinese businesses.
We believe that synergies can be exploited between the Company's Chinese
businesses through sharing of content and cross promotion of products (on- and
off-portal). For example, all of the Company's Chinese businesses will now have
access to M Dream's proprietary games content.



W-Infinity



W-Infinity was founded in July 2002 by Jack Deng, its CEO and largest
shareholder. W-Infinity is based in Beijing but has a very strong regional
presence, operating in 27 of China's 31 provinces from six offices.



From a start up, the business has grown to over 170 employees (as at 20 March
2006) and, in the year ended 31 December 2005 recorded unaudited net revenues of
USD 12.4 million and EBITDA of USD 6.5 million. Unaudited net assets as at 31
December 2005 were USD 7.7 million.



W-Infinity markets and sells the majority of its products directly to consumers
via SMS (circa 70 per cent. of revenues) and sells the typical range of mobile
content products (ringtones, wallpapers, games and text based products).



After SMS, Ring Back Tones are the next most important revenue source for
W-Infinity, at around 15 per cent. of revenues. Newer services delivered
through more advanced handsets, such as MMS and WAP services, are currently a
small part of W-Infinity's revenues (circa 15 per cent. on a combined basis).
These services represent areas of potential growth for W-Infinity, complementing
its strong SMS business and taking advantage of increasing penetration of more
sophisticated handsets.



The consideration payable pursuant to the W-Infinity Acquisition is expected to
be approximately USD 81.5 million (and is capped at USD 130 million) and will be
paid as follows:



* Tranche 1 - on or shortly after the closing date of the W-Infinity
Acquisition, expected to be by the end of May 2006, USD 8 million will be paid
in cash and USD 24 million in new ordinary shares to be issued at a price of
350p per share.

* Tranche 2 - shortly after completion of the audit for the year ended
31 December 2005, (which is expected to take place in May 2006) a further
payment will be made ('Tranche 2') so that Tranche 1 plus Tranche 2 will be
equal to 7 times audited EBITDA of W-Infinity for the year ended 31 December
2005. Tranche 2 will consist entirely of new ordinary shares. The new ordinary
shares will be issued at a price equal to the average middle market price for
the 60 trading days prior to issue.

* Tranche 3 - shortly after completion of the audit for the year ended
31 December 2006, a payment will be made equal to 3 times the audited EBITDA.
This is conditional on the EBITDA being not less than USD 12 million. Tranche 3
will consist of cash and Loan Notes equating to USD 15 million and the balance
in new ordinary shares. The new ordinary shares will be issued at a price equal
to the average middle market price for the 60 trading days prior to issue.

Shares issued under Tranche 1 are subject to a restriction on their disposal
except in certain limited circumstances for either 6 or 12 months following
issue and a 12 month orderly market obligation thereafter. Shares issued under
Tranches 2 and 3 are subject to a restriction on their disposal except in
certain limited circumstances for 12 months following issue and a 12 month
orderly market obligation thereafter.



Based on EBITDA of USD 6.5 million for 2005 and assuming EBITDA of USD 12.0
million for 2006, the total consideration in new ordinary shares for W-Infinity
would be USD 81.5 million, representing 6.8 times the EBITDA for 2006.



The transaction structure of the W-Infinity Acquisition is set out in the
Appendix to this announcement.



APPENDIX - W-Infinity Transaction Structure



At present, foreign companies cannot own more than 50 per cent. of companies
which hold a licence to operate in the Chinese value-added telecommunications
industry. The transaction structure of the W-Infinity Acquisition is set out
below. This structure is designed to provide substantially all of the benefits
of full ownership whilst complying with this restriction. It is similar to the
structure used by Monstermob in its acquisitions of Atop and M Dream, consistent
with the structure previously used by a number of other foreign companies
investing into the Chinese mobile content sector.



Finebelief Group Ltd is a newly formed legal entity for the purpose of the
W-Infinity Acquisition. Completion of the W-Infinity Acquisition will result in
Finebelief Group Ltd becoming a wholly-owned subsidiary of Monstermob.
Finebelief Group Ltd is the parent company of Beijing Jiaxin Xuntong Technology
Co. Ltd ("Beijing Ltd"), another newly formed legal entity for the purpose of
the W-Infinity Acquisition. On completion of the W-Infinity Acquisition, a
series of agreements will be entered into to ensure that Beijing Ltd acquires
all the key assets of W-Infinity (except its telecommunications licences) and
effectively has substantially all of the benefits of owning W-Infinity, with all
contracts renewable at the option of Beijing Ltd. The key agreements in
relation to this are as follows:



- a 10 year agreement under which Beijing Ltd is appointed as exclusive
provider of technical and operational services to W-Infinity. Under this
agreement, Beijing Ltd may charge W-Infinity for its operational and technical
services, in monthly amounts with no limitation on maximum fees;

- Monstermob nominees will be given full power of attorney over the
share capital of W-Infinity. The directors of W-Infinity following closing will
be Mr. Jack Deng and two Monstermob nominees, namely Niccolo de Masi and Wang
Xiaogang;

- Beijing Ltd will be given an exclusive option to purchase the shares,
to the extent permitted by the laws of the People's Republic of China, of
W-Infinity at any time in the next 10 years (subject to an automatic renewal in
Beijing Ltd's favour with terms solely determined by Beijing Ltd at year ten)
for nominal value;

- Beijing Ltd will hold a legal pledge on the shares of W-Infinity;

- Beijing Ltd will hold legal charges on the assets of W-Infinity
including its receivables to secure payment for its provision of operational and
technical services to W-Infinity; and

- W-Infinity will transfer its key assets, personnel and intellectual
properties to Beijing Ltd, complying with filing procedures as required by the
laws of the People's Republic of China.

END

This new acquisition in China ( where additional user are expected to grow by a quarter of a Billion by 2008) should provide a massive boost to MOB earnings, and we should soon see the SP racing up to 5 and beyond!