LOS ANGELES, Sept. 18, 2006 (PRIMEZONE) -- NT Media Corp. (OTCBB:NTMM), a diversified media and entertainment company, announced today that it has signed with Bango (LSE:BGO) to sell and deliver NT Media's content to mobile customers worldwide.
"We are very excited to be taking this next step in our mobile entertainment strategy, and are pleased to be working with Bango," said Ali Moussavi, CEO of NT Media Corp. "This is a continuation of our previously announced foray into the growing m-commerce and mobile content sectors. With 2.2 billion mobile phones worldwide, $19 billion was spent on mobile content in 2005, and is expected to grow to $45 billion annually by 2009 according to industry sources. According to a recent study from Juniper Research, the global m-commerce market will be a US$88 billion industry by 2009. Juniper believes that digital goods such as mobile entertainment -- ring-tones, games, wallpaper, gambling etc. -- will continue to be the largest application for buying and selling via the mobile phone," he added.
About NT Media
NT Media Corp. is a publicly traded diversified entertainment and media company based in Los Angeles with operations in film and television and musical production and finance.
About Bango
Bango is a London Stock Exchange traded company which was founded in 1999 to enable content providers to benefit from the opportunities presented by the mobile Internet. It has over 500 content providers in over 130 countries. Its industry partners include mobile operators such as Cingular Wireless, Vodafone, and T-Mobile, a unit of Deutsche Telekom. Its content providers include MTV, Sony BMG, EMI, WWI and Discovery Mobile.
Forward-Looking Statements
Certain statements in this news release may constitute "forward looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.