IXI Mobile, Inc. Announces Amendments to Loan Arrangements

BELMONT, California, March 31 /PRNewswire-FirstCall/ -- IXI Mobile, Inc.
(OTCBB: IXMO.OB, IXMOW.OB, IXMOU.OB ) today announced that it had entered
into amendments to its outstanding loan agreements with Southpoint Master
Fund L.P. and Gemini Israel Funds, as well as of the guaranty by Gemini
Israel Funds of the Company's line of credit from Bank Leumi Le'Israel Ltd.,
to (1) extend the maturity date of all principal payments under the loan
arrangements from June 2008 and June 2009 to June 5, 2010, (2) increase the
interest rate from 10% to 20%, effective April 1, 2008, (3) capitalize all
interest payments, including any accrued and unpaid interest, and (4) amend
the prepayment provisions upon a change of control to provide that the
interest payable shall be calculated through the maturity date of June 5,
2010. As a result, at March 31, 2008, the principal amount outstanding under
the loan arrangements is $14 million in the aggregate, including an aggregate
of approximately $3.3 million of accrued and unpaid interest.
About IXI Mobile
Headquartered in Belmont, CA, IXI Mobile, Inc. (OTCBB: IXMOU.OB, IXMO.OB,
IXMOW.OB) offers solutions that bring innovative, data-centric mobile devices
and services to the mass market. IXI Mobile's Ogo devices are designed to
improve the mobile user experience and increase mobile voice and data usage.
The Company provides an end to end solution to mobile operators, mobile
virtual network operators and Internet service providers around the world to
support Ogo products. For more information on IXI Mobile, please visit
http://www.ixi.com.
Forward Looking Statements
This press release contains forward looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended (the "Securities
Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and the Private Securities Litigation Reform Act. All
statements included or incorporated by reference into this press release,
other than statements that are purely historical in nature, are forward
looking statements. Words such as "believe," "anticipate," "expect,"
"intend," "plan," "estimate," "project," "will," "may" "trend," "potential,"
"opportunity," "comfortable," "current," "position," "assume," "outlook,"
"continue," "remain," "maintain," "sustain," " seek, " "achieve," and other
similar expressions are intended to identify forward looking statements,
although not all forward looking statements contain these words. In addition,
any statements that refer to expectations, projections or other
characterizations of future events or circumstances are forward looking
statements. We have based these forward looking statements on our current
expectations and beliefs about future events. Actual results could differ
materially from those discussed or projected in, or implied by, the forward
looking statements as a result of various risks and uncertainties, including
those discussed in the Company's annual, quarterly and other reports and
filings on file with the Securities and Exchange Commission. Except as
required by law, the Company does not undertake to update any forward looking
statements.
Please direct inquiries to:

IXI Mobile:
Ariella Shoham
Marketing Manager
Press@ixi.com

KCSA Strategic Communications
Lee Roth / Marybeth Csaby
+1-212-896-1209 / 1236
lroth@kcsa.com / mcsaby@kcsa.com

SOURCE IXI Mobile, Inc.

Please direct inquiries to: IXI Mobile: Ariella Shoham, Marketing Manager,
Press@ixi.com; KCSA Strategic Communications, Lee Roth / Marybeth Csaby,
+1-212-896-1209 / 1236, lroth@kcsa.com / mcsaby@kcsa.com