AXIS Axismobile

RNS Number:7624W
Axismobile PLC
17 May 2007

Date:                       17 May 2007
On behalf of:               AxisMobile PLC ("AxisMobile" or "the Company")
                            For immediate release



AxisMobile PLC
Secures over $3m loan facility led by Plenus Venture Lending



AxisMobile PLC (AIM: AXIS), the hi-tech specialists in consumer mobile email,
today announces it has signed loan agreements worth $3 million led by Plenus
Venture Lending and has secured a line of credit of $250,000 with a major
Israeli Bank. The Company investigated a large number of funding options before
entering into the loan facility. The $3 million loans were awarded from three
different sources; Plenus Venture Lending awarded a loan of $2 million, while
the Company's main shareholders, Pitango Venture Capital and Concord Ventures,
are providing the remaining $1 million. The loans are repayable over 24 months
with interest charged at LIBOR plus 5.5%. 1,102,500 warrants were also granted
at 25p and finance charges were incurred.



The funds will enable the Company to accelerate the roll out of its services and
solutions to its growing client base and provide working capital ahead of
revenues generated from clients later this year. As part of the loan facility is
being provided by existing shareholders of the Company, Pitango Venture Capital
and Concord Ventures, the loan is classified as a related party transaction
under the AIM Rules for Companies.  The directors, having consulted with the
Company's nominated adviser, Canaccord Adams Limited, consider the terms of the
loan are fair and reasonable insofar as shareholders are concerned.



Shai Schiller, CEO of AxisMobile, commented:

"We are pleased to have secured these new financing agreements with Plenus,
Pitango and Concord.  During 2006, our market position significantly improved
and we continue to gain new customers and improve operational efficiencies. With
the added stability from these loans, we have the foundation to drive forward
business strategies and improve our market leading position. We will continue to
explore avenues that enhance shareholder value."





Enquiries to:

Hugo Goldman                                                 Tel:  + 972 3 768 5555
AxisMobile                                                   www.axismobile.com

Emma Kane/Paul Dulieu                                        Tel:  020 7822 0200
Redleaf Communications





Notes to Editors



About AxisMobile



*               AxisMobile was founded during early 2000.  It is a leader in
the emerging market of consumer mobile email which allows consumers to access
email via mobile telephone handsets.


*               AxisMobile's objective is to provide software that drives the
mass market adoption of mobile email and related products by making multimedia
information portable, ubiquitous and easy to access on subscribers' existing
mobile handsets at an attractive cost.  AxisMobile's email platform provides a '
one-stop-shop' for consumer mobile as it supports Web, WAP, IMAP4, MMS, SMS and
J2ME interfaces.  Such interfaces cover most methods of transmitting mobile data
communications.  AxisMobile's platform means that mobile operators no longer
need to integrate platforms from different vendors.  This reduces costs.
AxisMobile aims to leverage customer relationships by offering additional
products and services based on its technology platform, hence producing
cross-sales and increasing the value to customers and to its shareholders.


*               Consumer mobile email represents a huge growth opportunity for
mobile operators and vendors.  The success of mobile communications has become a
worldwide phenomenon with approximately 1.7 billion subscribers globally.  In
2005, Forrester research estimated that the number of Western European consumer
mobile email users will increase from 12.3 million in 2005 to 62.7 million by
2008.  During the same period, revenues from consumer mobile mail will grow from
Euro120 million per year to Euro1.15 billion per year in Western Europe alone.  In the
US, Forrester estimates that the number of consumer mobile email users will
increase from 12.1 million in 2005 to 38 million in 2008 and that revenues will
soar from $13 million per year in 2005 to $406 million in 2008.


*               Publication quality photographs are available from Redleaf
Communications


*               Further information on AxisMobile is available from the
AxisMobile website:  www.axismobile.com





About Plenus


Plenus is Israel's only Venture Lending Fund, providing fully secured equity
based credit facilities/loans (up to 3 year duration) to revenue stage
technology companies. Plenus currently manages approximately $200mm and is
backed by Israel's largest financial institutions as well as US based investors.
To date, the fund has provided its portfolio companies credit facilities
totaling over $150mm in over 40 deals and has participated in 8 significant
exits, 6 in 2006 alone including: Followap (NYSE: NSR), Identify (NYSE: BMC),
Whale (Nasdaq: MSFT), Insureworx (Nasdaq: FISV), XMPie (NYSE: XRX), and StoreAge
(NYSE: LSI).  Alongside Plenus Venture Lending, Plenus also manages Plenus
Mezzanine, aimed at the non-high-tech middle market in Israel.


For more information on Plenus, please visit www.plenus.co.il or contact +972 9
952 0700.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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