During April 2007 the Board of Adamind announced that the Company has completed the sale to Mobixell Networks (Israel) Ltd. ("Mobixell") a wholly owned subsidiary of Mobixell Networks Inc., a Delaware company, of substantially all the Company's assets and assignment of certain related liabilities (the "Transaction"). Under the asset purchase agreement Adamind’s technologies, software, and products have become part of Mobixell’s Portfolio of Mobile Multimedia Solutions to form a powerful market leader in the Mobile Multimedia domain.

Adamind Inc.(LSE: ADA)is a provider of software that enables mobile multimedia content and converged communications services. The company addresses the interoperability challenge that exists between different mobile devices to receive and process media rich content. The Adamind Spire™ platform provides media adaptation and enhancement software enabling service operators to successfully deploy messaging, content and next generation convergence services; generate new revenue streams; and drive key new value-added-services (VAS) enablers such as advertising, branding, DRM and anti-abuse support. With over 100 deployments in some of the world's major mobile operator networks and content providers such as Universal Mobile Music, Adamind is strategically poised to enable the promise of the Mobile Lifestyle revolution.

Headquartered in the US and maintaining its R&D Center in Israel, the Company is led by a forward-thinking management team and a global sales force that are dedicated to the creation of a new paradigm for overcoming multimedia handling challenges in the mobile space. Adamind has identified the media adaptation issue as the most stubborn obstacle enroute to exploiting the vast potential in the mobile content market. Adamind maintains strategic relationships with major Blue Chip MMSC vendors and system integrators including Ericsson, HP, IBM, LogicaCMG, Motorola, Openwave, Critical Path, Huawei, Accenture and CBOSS.