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.

Company Profile

Adamind (LSE: ADA) is a pure play provider of rich media (graphics, audio, video, animation) adaptation software for the mobile environment. It addresses the problem
of transference of rich media files between and to the myriad of different mobile devices available today. Due to the lack of standardization in the mobile device world, devices differ in their capabilities to receive rich media.  Devices differ in formats they support, size and resolution of the screen, memory and more than 100 other diverse attributes. These variations directly impact on:

1. The quality of the end user's experience;
2. The ability of operators and content providers to deploy services over their mobile networks, drive new revenue streams and generate an increase in ARPU.

Adamind's software tackles this challenge by enabling the seamless launch of all rich content mobile services, as well as providing a variety of value added features such as: branding and advertising; DRM; preview; and more.