Newton, MA, USA. January 3rd, 2005.

MoreMagic Solutions, Inc., the global provider of content enabling, charging and payment solutions, announced today that the MoreMagic suite of services are now available in a hosted environment in the continental U.S. This offering complements the Dublin, Ireland hosting environment that the Company has provided for its European customers since the beginning of 2004.

"We now have a fully-replicated operation between the U.S. and Europe," commented Pankaj Gulati, the Company's CEO. "Our customers will benefit from the higher availability and reliability of the value added services in the operators' networks. We launched our first hosted service in Dublin in early 2004 and, after completing a year of successful operation, we have expanded that concept to the U.S. We expect to extend the hosted model to other parts of the world as a part of a strategic expansion of our services", he added.

The Company's Boston operation has the capacity to process over 500 million transactions a month with a peak load of over 1,000 transactions per second. A fundamental cornerstone to MoreMagic's strategy was to build a solid transaction-processing and content-enabling platform. Once the feature-rich platform could sustain variable traffic patterns (based on consumer behavior and marketing promotions in live commercial networks), the Company launched a hosted solution to complement and extend the reach of its licensing business.

About MoreMagic Solutions
MoreMagic Solutions is the global provider of carrier-class, cross-platform transaction solutions for service providers in the areas of mobile, broadband, Mobile Virtual Network Operators and content. MoreMagic's product range enables dynamic pricing and payment over a wide variety of network services and applications that cover voice, internet access and digital content. The Company's transaction and payment solutions extend the reach of service providers from access to payment transaction management, allowing them to leverage added value from their existing subscriber base, billing systems, and referential information such as location data. MoreMagic is headquartered in Newton, Massachusetts, with sales offices in Florida and London, England. More information on MoreMagic Solutions and its products can be found at www.moremagic.com.