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.

For more news on Mobixell products, solutions, customers, partners and events please refer to Mobixell’s web site: www.mobixell.com

For Investor Relations please contact:
Corfin Communications
Mr. Harry Chathli
+44 (0) 20 7929 8980
hchathli@corfinpr.com

Nominated Advisors
Landsbanki Group
Landsbanki London Branch
Beaufort House
15 St Botolph Street
London EC3A 7QR