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RPID -- February 10, 2011

RPID -- February 10, 2011


Published on 2011-02-10 05:55:44 - Market Wire
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MIAMI, FL--(Marketwire - February 10, 2011) - Day Trader News Alerts' watch list includes: Spot Mobile International Ltd. (OTCBB: [ RPID ]), Sprint (NYSE: [ S ]), Nokia Corporation (NYSE: [ NOK ]) and Verizon Communications Inc. (NYSE: [ VZ ]).

New released this morning: Spot Mobile International Ltd. (OTCBB: [ RPID ]) announced that it has the completion of its introductory shipment of 10,000 prepaid GSM based handsets and SIM cards, fulfilling an initial purchase order from a major North American Distributor.

The delivery marks the first mass distribution shipment for Spot Mobile's U.S. launch of its new GSM based handset and SIM card offering, which includes prepaid talk, text and data services for wireless subscribers and nationwide coverage supported by the AT&T and T-Mobile networks. Spot Mobile's prepaid calling service allows subscribers to easily purchase and refill their prepaid accounts so customers only pay for what they need. There are no hidden fees, long term contracts, or credit checks required. Spot Mobile's pay as you go plan allows customers to purchase airtime in convenient affordable denominations from $5 to $50. Spot Mobile airtime, handsets and SIMs will be placed in a variety of the distributor's retail locations in the United States including independent wireless stores, convenience stores, gas stations, bodegas, kiosks and airports. With approximately 290 million wireless subscribers in the U.S., Spot Mobile's prepaid phones (with nationwide calling for 10 cents per minute and texting for 5 cents per message), offer a cost saving solution for millions of cell phone users allowing them to get full-featured nationwide service without being locked into long term contracts with expensive early service termination fees. In addition, our service includes "direct dial" international calling at deeply discounted rates, allowing consumers to call family and friends in their countries of origin with savings not generally attainable from other carriers' cell services.

Commenting on the shipment, Charles Zwebner, CEO and Chairman of Spot Mobile, stated, "We are excited to begin the launch of our GSM based prepaid service in the United States. Our products allow a wireless subscriber to purchase a fully functional mobile device from companies like Motorola, Samsung, LG, Alcatel, for as little as $25 and only prepay for airtime that they use. Our plans offer nationwide domestic service and deeply discounted direct dial international calling. We offer a cost saving solution to customers with freedom and flexibility. This initial shipment of 10,000 units to our North American distribution partner is the first step in what we believe will be an expansive penetration by Spot Mobile into the U.S. market with a cost effective, high quality solution for wireless customers in the U.S."

About the company: Spot Mobile International Ltd., through its wholly-owned subsidiaries, Mr. Prepaid, Inc. and Spot Mobile Corp., is a mobile virtual network operator (MVNO) offering prepaid mobile services and phones and SIM cards for use with unlocked GSM handsets such as BlackBerry, iPhone, and other smart devices, as well as transaction-based point of sale activation solutions through retailers in the United States. The Company has recently started distribution of its Spot Mobile prepaid wireless services through its Mr. Prepaid distribution network and continues to add target customers.

Sprint (NYSE: [ S ]) up 0.93% on 53.5 million shares traded.
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users.

Nokia Corporation (NYSE: [ NOK ]) up 3.9% on 59.8 million shares traded.
At Nokia, we are committed to connecting people. We combine advanced technology with personalized services that enable people to stay close to what matters to them.

Verizon Communications Inc. (NYSE: [ VZ ]) up 0.94% on 14.8 million shares traded.
Verizon Wireless operates the nation's most reliable and largest wireless voice and 3G data network, serving more than 92 million customers.

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