SAN FRANCISCO, March 9, 2007 (PRIME NEWSWIRE) -- Mobile Airwaves (Pink Sheets:MBWC) announced today that it has signed a Memorandum of Understanding (MOU) with Property Maps Inc., a Florida Corp., specifying intent to complete an OEM agreement between the parties. The agreement calls for Mobile Airwaves to be the mobile technology supplier enabling Property Maps to provide their PropertyMaps Mobile service over everyday cell phones. "We are pleased to be selected by Property Maps to participate in this important application," commented Robert Zimmerman, CEO of Mobile Airwaves.
About Mobile Airwaves Corporation
Mobile Airwaves develops and markets enterprise class software products that connect mobile communication devices to corporate networks. Aqivo(tm) is Mobile Airwaves' software product family that allows mobile employees to securely access data on their corporate or service provider network, whether email, centralized databases, files, intranets, or other applications, as well as the ability to interact with other mobile users, via any wireless PDA, cell phone, wireless laptop, pager, or other Internet enabled devices, over nearly any carrier network or wireless LAN.
About Property Maps, Inc.
PropertyMaps.com develops visual information technology that enables people to quickly search and easily perceive millions of real estate listings by plotting their locations and other market data overlays onto popular aerial mapping tools such as Google Maps and Google Earth. PropertyMaps.com is the first map-based search to provide legal access to the Multiple Listing Service (MLS) databases that are used by millions of Realtors(r) nationwide. Additionally, Property Maps is the first to deliver this technology wirelessly to Internet-enabled phones, PDAs, GPS-enabled and other mobile devices. All of Property Maps software services are made available to the public free of charge.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by Mobile Airwaves Corporation, or it's wholly owned subsidiaries) contains statements that are forward-looking, such as statements relating to the future anticipated direction of technology industries and plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Mobile Airwaves Corporation or its wholly owned subsidiaries. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financial activities, domestic and global economic conditions, changes in federal or state tax laws, and market competition factors.