MShift
Raises $10 million from Japanese Wireless Giant
San
Francisco, Calif., March 1, 2000 -- MShift, Inc., a leading
company in Mobile E-commerce (M-commerce) for the emerging
wireless world today announced it has raised $10Million
First Round Investment from Tokyo-based Mobilephone Communications
International (MTI), the world's largest provider of content
for the mobile Internet.
In
the emerging world of the wireless Internet, MShift is the
leading Gateway to the Wireless world. MShift has created
THE one-stop answer for all wireless needs: E-commerce,
Stock trading, Email, Portals, Communities. The company's
patent pending MShift® enables relevant information to be
accessible from anywhere, anytime, on any wireless internet-enabled
device.
"MTI
is the perfect partner for MShift, both in terms of strategic
investment as well as leveraging the strength of MTI for
MShift's growth on a global scale."
said Scott Moeller, CEO of MShift. "As
the recognized worldwide leader in wireless Internet applications
on the WAP platform, MTI's confidence in our M-Commerce
technology, signaled by their significant investment in
MShift has paved the path for the success of MShift, and
immediately opens up markets for our technology in Asia,
and around the world."
MShift
gives its web-based partners the ability to implement an
immediate wireless channel to gain transactions, enable
mobile commerce (M-Commerce), as well as extend communication
channels to both WAP enabled, Internet devices as well as
non-WAP wireless devices such as mobile phones, PDA's, pagers,
etc…
MTI
provides content in the most popular formats--wireless application
protocol and wide band CDMA among them--and sends web pages
so they can be read on different size screens, including
the tiny ones on mobile devices.
MShift
and MTI plan to leverage their expertise and technology
in both the American and Japanese wireless markets.
About MShift
MShift, based in San Jose, CA is the leading gateway for
Mobile e-commerce (M-commerce) for the emerging wireless
world. MShift gives its web-based partners the ability to
implement an immediate wireless channel to gain transactions,
and to integrate with their customers beyond the desktop.
About MTI
To see the future of cellular telephones, come to Japan.
There you can indulge in digital dating by way of live,
recorded or written messages; participate in interactive
talk shows and live auctions; get the latest reports on
stock prices, horse races and the weather; or place an ad
for an anonymous rendezvous. These are some of nearly 200
services offered by a company called Mobilephone Communications
International (MTI). Virtually unknown in the West, it's
the world's largest provider of content for the mobile Internet.
FULL
STORY (Forbes
Magazine, Feb 7, 2000)
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