Notify Technology Reports Expiration of Warrants and Preferred Unit Options

Warrants and Preferred Unit Options issued in the July 2001 offering expired
on July 20, 2008.

SAN JOSE, Calif., July 22 /PRNewswire-FirstCall/ -- Notify Technology
Corporation (OTC Bulletin Board: NTFY) today announced the expiration of
certain securities issued in connection with its July 2001 offering.
In July 2001, the Company's shareholders authorized and the Company
completed an offering of Series A convertible redeemable preferred stock
(Series A preferred stock). In connection with the July 2001 offering, the
Company issued 501,000 shares of Series A preferred stock at $10 per share and
issued warrants to purchase 1,753,000 shares of common stock for consideration
of $4.2 million, net of issuance costs. The Company also issued 9.2685
Preferred Unit Options ("UPO") to the placement agent and warrants to purchase
118,151 shares of common stock to an investment fund in connection with the
offering. In July 2004, the 501,000 shares of Series A preferred stock were
converted to common stock. The 1,871,151 common stock warrants and 9.2685
UPOs remained outstanding until July 20, 2008, when the original term of seven
years on the warrants and UPOs expired. There were no other obligations
remaining upon the expiration of the warrants and UPOs.
The outstanding securities of the Company as of July 21, 2008 consists of
14,075,662 common shares and 2,773,000 employee common stock options currently
granted.
"The expiration of these securities greatly simplifies our equity
structure as only common stock and common stock options remain", said Paul
DePond, President and Founder of Notify Technology. "Having a single class of
common stock will provide flexibility to Notify for future financings."
About Notify Technology Corporation
Founded in 1994, Notify Technology Corporation, (OTC: NTFY) is an
independent software vendor (ISV) specializing in wireless solutions and
services. Notify's wireless solutions and services provide secure synchronized
email and PIM access and management to any size organization or business on a
variety of wireless 2-way devices and networks. Notify sells its wireless
products directly and through authorized resellers internationally. Notify is
an official Apple iPhone Development Partner, BlackBerry Alliance Member,
Symbian Alliance Member, and Palm Select Partner. The Company is headquartered
in San Jose, California.
Contacts:
At Notify Technology Corporation:
Jerry Rice, Chief Financial Officer
Phone: 408-777-7927
jerry.rice@notifycorp.com

SOURCE Notify Technology Corporation

Jerry Rice, Chief Financial Officer of Notify Technology Corporation,
+1-408-777-7927, jerry.rice@notifycorp.com