MobilePro Corp. (OTC Bulletin Board: MOBL), a leading broadband wireless services company, announced today the formation of ProGames Network, Inc. The company's business plan is to focus on developing tools, content and specialized connectivity for online gamers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040414/FLWLOGOLOGO )
Martin Gray has been hired as president and CEO of ProGames. Gray has been a pioneer in the online and interactive world. He led the brand launch and rollout of Television Games Network (TVG), the first fully interactive and legal gaming network, launched in the United States in 1996. TVG focused on legal wagering on thoroughbred horseracing using a combination of interactive television, online wagering and phone wagering. The company achieved a base of 345,000 active wagering subscribers and an audience of several million network viewers. TVG was sold in 1998 to TV Guide for more than $50 million and subsequently merged with Gemstar in 1999.
Previously, as vice president of marketing at Holiday Inn Worldwide, Gray helped lead the development of ResCom World Access, Holiday Inn's technology subsidiary that developed one of the travel industry's first online booking engines in 1995. Subsequently, Gray was a principal in Agentware, Inc., an Internet technology company that powered AOL Travel, Kayak and GetThere.com.
Gray has also been president of Trusthouse Forte, Ltd., NA, and was responsible for the brand management of Forte Exclusive Hotels, which comprised some of the world's finest luxury hotels, such as the Plaza Athene, the George V and the Ritz in Madrid. Gray also led the launch of Carnival Resorts and Casinos, which developed and operated The Crystal Palace Resort and Casino, Casinorama, Casino Rouge and Lucayan Beach Resort and Casino. Gray holds a B.A. from Bowdoin College, Brunswick, Maine.
Jay Wright, Chairman and CEO of MobilePro, said, "We are thrilled to have someone of Marty's pedigree join us to head up this important initiative. Content and connectivity are becoming increasingly intertwined and rather than add complexity to our wireless broadband division, we opted to establish a new affiliate with a new operating team to launch this effort. Nevertheless, we believe there are significant synergies between ProGames and our broadband wireless services offerings and will seek to exploit those in the years ahead."
Gray said, "We expect to be in a position to formally launch operations this fall. Online gamers represent one of the fastest growing segments of the online population, and they crave high-quality content and connectivity. ProGames will seek to play an important role in this marketplace.
"The online and mobile gaming world includes games of chance and skill as well as massive multiplayer and Xbox games. The overall industry is projected to generate $20 billion in revenue in 2007, and we are seeking to address more than a third of that. We intend to partner with the best companies in the field and develop original content and unique consumer offerings. We believe that our relationship with MobilePro will enhance our ability to execute our business plan as we seek to establish a leadership role in the mobile gaming market."
About MobilePro Corp.
MobilePro Corp., based in Bethesda, Md., is one of North America's leading wireless broadband companies. The company serves more than 220,000 total customer lines throughout the United States, primarily through its CloseCall America, AFN and Kite subsidiaries. For more information regarding MobilePro, contact Alan Crancer, vice president of marketing, at (601) 898-1142.
An investment profile about MobilePro Corp. may be found online at http://www.hawkassociates.com/mobilepro/profile.php .
For investor relations information regarding MobilePro, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com . Detailed information about MobilePro can be found at http://www.mobileprocorp.com . An online investor relations kit including copies of MobilePro press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com .
Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the company's Form 10-KSB for the fiscal year ended March 31, 2005 and its Forms 10-QSB for the quarters ended June 30, 2005, September 30, 2005 and December 31, 2005 for a discussion of such risks, uncertainties and other factors. These forward-looking statements are based on management's expectations as of the date hereof, and the company does not undertake any responsibility to update any of these statements in the future.
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