Newton, MA, USA. March 7th, 2005.

MoreMagic Solutions, the global provider of content enabling, charging and payment solutions announced today that it has closed five new deals for licensing and hosted services of its Mobile Payment Solution in the past five months.

"We have a proven platform and a proven business case for our customers," stated Pankaj Gulati, CEO of MoreMagic. "This has enabled us to provide our customers with a clear path to revenue growth and increased profitability. In each case, our customer has been able to "go live" within 60 days of signing the contract. Our suite of payment services are relevant to both the voice and data world, and provide customers with a springboard for the introduction of more diverse m-commerce services."

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.