Geos Buys Duo Guo

Developer of mobile applications and services has acquired Duo Guo, China's leading mobile content retail provider

March 8, 2010

2 Min Read

SOUTHLAKE, Texas -- Geos Communications™, Inc. (OTCBB: GCMI), a leading developer and distributor of mobile applications and services, today announced that it has acquired Duo Guo, China's leading mobile content retail provider. The acquisition provides Geos with a unique, market-leading platform for mobile content distribution in the world's largest mobile communications market and expands Geos' global presence. Duo Guo is the primary and only legitimate retail channel for the discovery and download of licensed mobile media content in China.

Duo Guo operates an innovative kiosk-based distribution business, which enables mobile device users to discover and download games, movies, music, ringtones and applications. The kiosk network also serves as a channel for a wide range of mobile downloadable services such as ticketing, coupon distribution and advertising. Duo Guo has established partnerships with major retailers that include Walmart, China Unicom, Suning and FunTalk, as well as major media content providers including Paramount Pictures, EA Mobile, Cartoon Network, Warner Music Group and others. Duo Guo currently operates more than 75 kiosks in 15 cities across China including Shanghai and Beijing, and the Guangzhou, Shandong, Jiangsu and Zhejiang provinces, and is rapidly opening more kiosks.

Effective immediately, Jonathan Serbin will continue to be CEO of Duo Guo as well as an entity to be formed in Asia as a holding company for the company's Asian operations, which will be headquartered in Shanghai. In his new role, Mr. Serbin will be responsible for operations in Asia including continuing to grow the Duo Guo distribution platform business.

"This acquisition establishes our presence as a leading distributor of mobile content in the world's largest mobile communications market," said Andy Berman, CEO of Geos Communications. "Duo Guo's cost efficient, profitable and highly scalable retail model also provides Geos with a new, built-in revenue stream. In China there are over 700 million subscribers, mobile content and applications are exploding and with limited regular internet access it's becoming increasingly difficult for users to navigate to and implement the content they really want. We believe that Duo Guo's engaging format solves this problem by placing relevant content and a knowledgeable associate in areas that are convenient to consumers. Additionally, we can now manage 100% of the content available on China's major mobile retail platform, which allows us the opportunity to cross pollinate with marketing efforts for each of our innovative applications and technologies.

"We would like to welcome Jonathan Serbin to the Geos leadership team. He has an extensive background in growing retail and media companies in China, as well as financial and legal expertise. We believe his experience and guidance will prove an important asset as we work to accelerate our global presence, and expand Duo Guo's reach throughout key cities and provinces in China where we see exciting growth opportunities," Mr. Berman concluded.

Geos Communications Inc. (OTC: GCMI)

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