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MOBIVOX Rings up $11 Million in Funding from Top-Tier Global Investors


    MOBIVOX, which makes it possible to connect with family and
    friends around the world for free from any phone, today announced it
    has received $11 million in Series A venture capital funding from
    top-tier investment funds in the United States, China, Southeast Asia
    and Canada. MOBIVOX will use the infusion of capital to expand its
    global reach.

    Led by IDG Ventures Boston, the Series A round included
    participation from IDG Ventures China and IDG Ventures Vietnam, which
    are part of the IDG Ventures global network of funds. In addition, two
    previous investors, Brightspark Ventures of Toronto and Skypoint
    Capital Corporation of Ottawa, participated in the round.

    As part of the funding, David Aronoff, general partner of IDG
    Ventures Boston, will join the company's Board of Directors.

    "IDG Ventures Boston understands the power of connecting people
    seamlessly on a global scale," said MOBIVOX CEO, Stephane Marceau. "We
    envision a company that brings you closer to the services and people
    you care about by extending the reach and power of the Internet to any
    phone. Our service is designed for novice and tech-savvy consumers
    alike and does not require the purchase of a new device or
    installation of any software. We now have top investors from around
    the world, with deep insights and relationships into the consumer
    Internet space to help us achieve our vision."

    MOBIVOX calls are free from anywhere in the world to over 40
    countries and members save up to 98% on all other international calls.
    After registering at www.mobivox.com, you simply dial a local access
    number to connect with friends and family a world away. When you call,
    you just say the name of who you want to talk to. No need for a
    calling card, PIN numbers, computers, special software or complex
    downloads. It works on any phone and membership is free.

    "In the three months since its initial launch, MOBIVOX has
    achieved incredible traction in the market," said David Aronoff of IDG
    Ventures Boston. "MOBIVOX represents freedom to millions of consumers
    who work hard to maintain long distance relationships. We look forward
    to working with the company as they revolutionize the international
    calling market."

    IDG Ventures is a global network of independently managed venture
    capital funds with $2+ billion under management. The IDG Ventures
    network is comprised of five independent partnerships managing funds
    in North America, China, Vietnam and India. MOBIVOX represents the
    first investment where multiple funds from within the IDG Ventures
    network have co-invested in a company.

    To learn more visit: www.mobivox.com

    About MOBIVOX

    MOBIVOX makes it possible to call family and friends around the
    world for free, from ANY phone. Just call a local MOBIVOX number and
    say who you'd like to speak with. No calling cards and long numbers to
    remember. No need for a computer, special software or complex
    downloads. With global availability, MOBIVOX means more freedom to
    share experiences with those you care about no matter where you or
    they may be.

    About IDG Ventures Boston

    IDG Ventures Boston is an independent partnership that enables
    entrepreneurs to grow innovative, global companies. With $280 million
    under management, the firm is focused on investing in early stage
    technology and life sciences companies and is affiliated with the IDG
    Ventures network of funds, a global network of independently managed
    funds spanning Asia and North America. www.idgvb.com

    About IDG Venture Investment China

    IDG Venture Investment China is a premier venture firm in
    China focused on helping early to growth-stage companies become
    significant players in the IT, consumer, media and life sciences
    industries. The firm has demonstrated success with over 30 IPO's and
    successful M&A transactions and a portfolio that includes Baidu,
    CTrip, Sohu, Tencents, HomeInns, and KingDee. With a 14-year history
    of investing in China and $1.3B under management, IDG Venture
    Investment China is proud to have won the trust of entrepreneurs,
    investors, business communities and government organizations.
    www.idgvc.com

    About IDG Ventures Vietnam

    IDG Ventures Vietnam is the first technology venture capital fund
    in Vietnam. With $100M under management, the fund invests in
    market-leading companies in the technology, media and
    telecommunications sectors in Vietnam as well as select parts of
    Southeast Asia. As part of the network of IDG Ventures funds
    worldwide, IDGVV has been at the forefront in the development of the
    venture capital industry in the region as well as promoting technology
    entrepreneurship. www.idgvv.com

    About Brightspark

    Brightspark Ventures is a leading early-stage venture fund.
    Brightspark works closely with entrepreneurs to develop and build
    market-leading software companies. With offices in Toronto and
    Montreal, Brightspark is backed by leading institutional investors who
    share its approach to early-stage software investing.
    www.brightspark.com

    About Skypoint

    Skypoint Capital(R) (www.skypointcorp.com) forms and manages
    venture capital funds that stimulate and leverage the ever-changing
    telecommunications and information technology sector. We begin by
    investing time with the entrepreneur long before we commit capital.
    Once we invest, we bring our vast operating experience and passion for
    growing businesses to our portfolio companies. The members of the
    Skypoint Capital team have participated in more than 80 technology
    start-ups in the Ottawa and Montreal regions.