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Financial

MobilePro Secures Lease

BETHESDA, Md. -- MobilePro Corp. (OTC Bulletin Board: MOBL) announced today that its subsidiary Kite Networks, Inc. has executed a master equipment lease agreement to obtain up to $3 million of lease financing from Data Sales Company of Burnsville, Minn.

Jerry Sullivan, CEO of Kite Networks and president and chief operating officer of MobilePro, said, "This master equipment lease agreement will provide the capital needs for our core network infrastructure and certain Wi-Fi deployments in the future. We will continue to evaluate opportunities similar to this leasing facility as a non-dilutive complement to equity-linked financing options."

MobilePro Corp.

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