Rebtel Takes Phony out of Mobile Telephony; On Schedule to Deliver Unlimited Mobile International Calling from 40 Countries for as Little as USD 1 Per Week with Local Numbers for Global Friends

Rebtel Networks AB, a new mobile telecommunications
services company, www.rebtel.com, today announced it will offer new
ways to call friends, family and work colleagues around the world for
a fraction of the cost charged by the leading mobile telecom carriers
today.
When the service is available in June, mobile phone users in 40
countries will be able to stop calling expensive international numbers
and instead create and use standard local numbers for those calls.
"Outrageous pricing for international mobile phone calls will soon
be a thing of the past," said Hjalmar Winbladh, president and CEO of
Rebtel. "For USD 1 per week -- less than what many people spend daily
on coffee -- we can give you local numbers for your friends abroad.
For example, I'll give my friend in San Francisco a San Francisco
number to call me, and I'll get a Stockholm number for him that I will
use. Then all our mobile calls will be at our normal local rates."
Officially unveiled today, Stockholm-based Rebtel is in the final
stages of testing its network.

How Rebtel works

To get started, consumers will go to www.rebtel.com, and sign up
for a Rebtel account. Once logged in, they enter their mobile phone
number and the mobile phone number of a global friend, and Rebtel will
instantly create a pair of local numbers they can use to call each
other from then on.
Once set up, Rebtel will charge consumers USD 1 per week to access
two new services, called REBin and REBout, for unlimited talking to
all of their friends abroad when calling a local number.
Using REBout, consumers will be able to call anyone in the world
using a local number and only pay their carrier for the local call,
plus a small per-minute fee to Rebtel to cover the interconnect
charges for the international part of the call. The REBout charge for
a call to the U.S., for instance, will be as low as 2 cents per
minute.

Hang up, hang on, hang out

But for those who think that's too expensive Rebtel offers a new
and different service called REBin, where users' local calls are
connected with their global friends' local calls in a virtual room on
the Internet, called a REBroom.
In the REBroom all calls are free -- no matter how many, how often
or how long. No additional charges over the USD 1 per week fee and the
cost of the local calls that most consumers have already paid for with
their mobile carrier.
To get to the REBroom, when friends phone, instead of answering,
the user simply hangs up, and while the friend hangs on, the user
calls the friend's local number. The two calls are then automatically
connected, and the friends can hang out and talk for as long as they
like, and not worry about the cost.
With Rebtel, consumers can use the mobile phones they own today,
and don't have to buy anything else, download software, get a new SIM
card, use a headset connected to a computer, or worry about confusing
additional charges.
Consumers need to sign up to create local numbers, but to call a
local number created by a Rebtel user, no sign-up is necessary. And,
users will only be charged Rebtel's USD 1 per week service fee if they
actually make calls. If no calls are made during a week there are no
charges.
"If you can make a local call on your mobile phone, you can be
rebbing within minutes for free," said Winbladh. "It's super easy."

Terms and conditions

To register, consumers use a credit card or PayPal account for an
initial USD 5 or USD 10 charge. An auto top-up function will be
available in increments of USD 10 or USD 20 when the balance falls
below USD 2.
If users are not pleased in the first 30 days, Rebtel will refund
their initial fees in full. After that, users may cancel at any time,
and any remaining funds in their account may be used until empty.
"People are sick of mobile carriers' fine print, lock-ups, hidden
charges, and crazy-high rates for making international calls," said
Winbladh, who co-founded Sendit AB in 1994, a pioneering mobile
Internet software company he took public before it was acquired by
Microsoft Corp. "It may sound silly and naive, but we're committed to
using the latest Internet technology for international calling today
and for local calls and roaming services tomorrow, and pushing the
cost and convenience benefits back to our users."

About Rebtel

Rebtel Networks AB is a new mobile telecommunications company for
individuals, micro-business professionals, and cord-cutters inside
small and large businesses, who regularly call international
suppliers, customers, partners, their workforce or friends and family.
Unlike the large mobile telecom carriers that charge exorbitant rates
to recoup their high costs, Rebtel offers consumers ultra low rates
for global calling by making all calls local.
For more information, or to test the Rebtel services, go to Rebtel
on the Web at www.rebtel.com