Flycell, Inc., a leading mobile and online entertainment content company, today announced quarterly financial results citing Q2 2009 as the most successful quarter in the company’s five year history. Despite the economic downturn, Flycell again reported double-digit growth, including growth in each of its existing countries of operation. Revenue for the first half of 2009 is almost equal to the results for all of 2008, the most successful full year Flycell has had to date.

Flycell’s parent company Acotel Group (MIL: ACO) reported Flycell took in just over $37 million in revenue in Q2 2009 as compared to $19 million earned in Q2 2008. Last quarter Flycell reported $23 million in revenue giving the company H1 2009 revenue of $60.5 million. Acotel reported Flycell earned $75 million in 2008. With revenues for the first six months of 2009 already above 80 percent of the annual total for 2008, Flycell continues to be a growing and profitable enterprise.

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

Despite an ailing global economy, Flycell continues to buck the downward financial trend with 60 percent growth from Q1 to Q2 2009; Q2 2009 represents a dramatic 95 percent increase over Q2 2008, proving the mobile entertainment industry is a hot sector.

“We couldn’t be happier with our Q2 results, especially given the tough economic climate,” said Alberto Montesi, CEO of Flycell. “This kind of growth would be impressive in any market, so given the current state of the economy, we are particularly gratified to be expanding, gaining new customers and increasing our revenue. We are seeing that the low price point of mobile content is especially attractive as more and more people are using their mobile phones as their entertainment hub and personalizing them with ringtones, games and applications.”

Ringtones continue to be the most popular mobile content beyond text messaging and email. During the last quarter Flycell expanded into other areas of mobile entertainment, including a new SMS-based low bid auction game called Bid Hunter and a text messaging based quiz game called SMS Love. Flycell plans to further expand its offerings this year as it keeps a finger on the pulse of consumer interests and industry trends.

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).

Alberto Montesi, founder and CEO of Flycell, Inc., a leading mobile and online entertainment content company, has earned a Certificate of Finalist Recognition for Executive of the Year in North America in the 2009 International Business Awards^SM, known as the Stevies. The International Business Awards are the only global, all-encompassing business awards program honoring great performances in business.

Nicknamed the Stevie^® for the Greek word “crowned,” the awards will be presented to honorees at a gala dinner on Monday, September 14 in the St. Regis Hotel in New York City.

Organizations all over the world are eligible to compete in The International Business Awards. This year’s honorees were selected from more than 1,700 entries received from organizations and individuals in more than 30 countries.

Montesi was recognized as a finalist for Executive of the Year for leading his international team at Flycell to create a digital entertainment service that is responsive to the consumer’s desires and needs, while staying at the forefront of technology innovations and trends in the space.

With Montesi’s guidance and expertise, Flycell has achieved profitability at a time when many companies in the digital entertainment sector are struggling to stay afloat. Despite the faltering economy, Flycell has experienced quarter over quarter growth, with revenue for the first half of 2009 nearly equal to revenues from all of 2008.

“Being named a finalist for a Stevie Award is an honor for me personally, but more importantly, is a testament to the continued success of Flycell,” Montesi said. “The Flycell team is focused on creating and delivering the cutting-edge mobile and digital entertainment customers are demanding. We have experienced exceptional growth, especially thus far in 2009. It’s undoubtedly been the collective effort of our entire company that I’m most proud of, and I applaud the whole Flycell global team for our success.”

Members of the Awards’ Board of Distinguished Judges & Advisors and their staffs selected International Stevie winners from among the Finalists, which were determined by volunteer judges around the world during two months of preliminary judging.

“Despite the harsh economic climate, entries to the IBAs actually grew a bit this year, and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. “We congratulate all of the honorees, and we look forward to recognizing them for their achievements at our gala awards dinner in New York on September 14.”

Complete lists of honorees and other details are available at www.stevieawards.com/iba.

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 ork, N.Y. and launched in 2005, Flycell is a wholly-owned subsidiary of wireless services company Acotel Group (MIL: ACO).

About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.