Flycell, Inc. (www.Flycell.com), a leading mobile and online entertainment content company, today announced quarterly financial results for Q2 2010, indicating the company continues to have strong sales in mobile and digital content. Despite new North American and European mobile commerce regulations that took effect in the second quarter in both markets, creating conditions that negatively impact revenue across the mobile content industry, Flycell reported revenue of $36.4 million for the three months ending June 30, 2010. Combined with the company’s Q1 results, Flycell’s first half revenue figure for 2010 stands at $76.2 million, up 26 percent over the first half of 2009.

Flycell also announced the appointment of Cristian Carnevale as its CEO. Mr. Carnevale previously served as Flycell’s chief operating officer, a position he has held since Flycell was founded in 2004, and has been instrumental in leading the company through years of consistently strong revenue growth and international expansion. Mr. Carnevale, who replaced Alberto Montesi in August, has served in several executive positions with Flycell’s parent company, Acotel Group, including as its chief technology officer. He also played a key role in the company’s successful IPO in 2000.

“Changes in business conditions in important countries in which Flycell operates impacted Flycell’s revenue in Q2 2010, masking our continued growth,” said Mr. Carnevale. “Although revenue is down slightly from the previous quarter and same quarter last year, we at Flycell continue to expand our customer base. Flycell is a nimble organization and is adapting quickly to changes in business conditions. The company is looking forward to continuing its strong revenue throughout the year, making 2010 its most successful year ever.”

Flycell took in just over $36.4 million in revenue in Q2 2010 as compared to $39.6 million earned in Q2 2009. Last quarter Flycell reported $39.8 million in revenue, the company’s strongest first quarter to-date, giving the company H1 2010 revenue of $76.2 million compared with $60.5 million earned in the first six months of 2009.

* Represents financial data from January 1 to June 30, 2009, the first six months of the fiscal year

About Flycell

Flycell, Inc. is a leading mobile and online media and entertainment destination. Flycell lets people from all walks of life personalize their phones with the mobile content that reflects their own unique tastes in entertainment, sports, games and more. The company partners with media companies and mobile network operators globally that utilize Flycell’s cutting edge multimedia applications and services. Headquartered in New York, N.Y. and launched in 2004, Flycell is a wholly-owned subsidiary of wireless services company Acotel Group (MIL: ACO).

For more information concerning Flycell visit: http://www.flycell.com/corporate.

Flycell, Inc. (www.flycell.com), a leading mobile and online entertainment content company, today announced availability of a new edition of its portal created especially for the South African market. South Africa is the tenth country to gain its own version of the award-winning mobile content service. The website, now live at www.flycell.co.za, features some of the best and most exciting mobile entertainment content.

South Africans love their mobile phones. A March 2010 study by the research firm Synovate found that 84 percent of South Africans “cannot live without their cell phones.” The study also found that 71 percent of South African mobile phone users play mobile games and 66 percent listen to music on their phones. These statistics are particularly significant since less than 10 percent of South Africans use landlines whereas nearly 80 percent use mobile phones. These conditions make South Africa a perfect market for the mobile entertainment and content provided by Flycell.

Flycell now brings South African consumers today’s hottest ringtones as well as exciting new wallpapers, games, applications and other mobile media from today’s most popular mobile publishers. The new Flycell website serves as a one-stop-shop for South Africa’s mobile subscribers, offering them everything they need to personalize their cell phones with the latest in mobile media and entertainment, all in one easy-to-use online portal. Flycell’s service works on virtually every mobile phone and with every carrier throughout South Africa.

Flycell delivers mobile entertainment and personalization on the fly to customers all across the globe. Whether it is ringtones, wallpapers, applications or games, everything people in South Africa need for their personalized mobile lifestyle is available on the Flycell website, www.flycell.co.za.

About Flycell
Flycell, Inc. is a leading mobile and online media and entertainment destination. Flycell lets people from all walks of life personalize their phones with the mobile content that reflects their own unique tastes in entertainment, sports, games and more. The company partners with media companies and mobile network operators globally that utilize Flycell’s cutting edge multimedia applications and services. Headquartered in New York, N.Y. and launched in 2004, Flycell is a wholly-owned subsidiary of wireless services company Acotel Group (MIL: ACO).

For more information concerning Flycell visit: http://www.flycell.com/corporate.