Airborne Mobile Closes $2 Million Growth Financing Round

* Reuters is not responsible for the content in this press release.

Mon Jan 12, 2009 9:00am EST

iNovia Capital`s Funding Allows Company To Maintain its Expansion and Launch New
Product Offerings


MONTREAL--(Business Wire)--
Garner Bornstein, CEO of Airborne Mobile Inc., a long-time innovator and leader
in the mobile media industry, today announced the closing of a $2 million growth
financing round with iNovia Capital. The injection of capital will be used to
finance Airborne`s new initiatives in mobile media and other business
opportunities. 

A 10-year pioneer in the mobile content industry, firmly-entrenched in
partnerships with every major North American wireless carrier as well as with
high-profile consumer brands like Fox`s Family Guy and Food Network, Airborne is
enjoying a renaissance despite the current economic environment. Only six months
ago, the company initiated a management buy-out, taking back control from its
previous majority shareholder, Japan`s Cybird Co. Ltd., and subsequently changed
its name from Airborne Entertainment to Airborne Mobile to better reflect the
wider scope of its operations and the planned expansion of its reach. 

"This is indeed a vote of confidence in our business and our management team,"
said Bornstein. "After a summer of restructuring and refocusing, we have just
completed the most profitable quarter in the company`s history. We appreciate
the faith and insight of the iNovia Capital team, and look forward to creating a
`New Airborne`; one that optimizes the heritage and goodwill of the past while
maximizing the opportunities of the present and future." 

"I`ve actively witnessed what two amazing entrepreneurs can do with the right
resources in hand," said Chris Arsenault, iNovia Capital`s Managing Partner &
COO, who becomes the newest member of Airborne`s board of directors. "Garner
Bornstein and Andy Nulman founded Airborne and managed its amazing growth, from
inception to its sale to Cybird. I`m pleased to once again be instrumental in,
and actively part of, the re-launch of a mobile powerhouse." 

In addition to the ongoing operation of its legacy business, three of Airborne
Mobile`s new product initiatives for the first half of `09 include an
application for home buyers and real estate agents, an interactive cable TV
network and a privacy application that enables users to carry out mobile phone
conversations without giving out their phone numbers. 

The company and its two founding partners will be profiled on CBC Newsworld on
January 24 and 25. 

About Airborne Mobile Inc.

For over a decade, Airborne Mobile has blazed a distinctive trail, helping to
pioneer, build and establish the burgeoning mobile media space by conceiving,
creating and distributing best-of-breed mobile programs. Whether it`s messaging,
graphics, video, ringtones, ringback tones, full-track downloads or supporting
websites, the company is driven by market objectives and product originality,
and infuses the appropriate technology to ensure their delivery. Ever since its
debut, Airborne has been renowned as the "go-to" mobile company by well-known
consumer brands like Family Guy, Maxim, NHL, SPEED TV, Food Network, Taco Bell
and Marc Ecko Enterprises to reach the palms and pockets of their customers; by
major wireless carriers for innovative products, merchandising and help with new
initiative launches; and by promotional partners like ad agencies and retailers
to deliver their messages via a most unique media channel. Airborne`s
distribution network is vast, partnering with every major wireless carrier in
North America, as well as being well-established in the world of off-deck
distribution. Airborne can further be explored by visiting
www.airbornemobile.com. 

About iNovia Capital

iNovia Capital manages seed and early stage venture capital funds, with a focus
on helping entrepreneurs and innovators build successful companies in the
sectors of information technology, life sciences and cleantech. iNovia Capital's
value-added approach to early stage investing provides portfolio companies with
capital, unique access to intellectual property from its partner academic
institutions and an extensive network of industry partners, advisors and
sector-specific co-investors. For more information see www.inoviacapital.com. 





Airborne Mobile Inc.
Shevaughn Battle, 514-289-9111 x 372
shevaughn@airbornemobile.com
or
iNovia Capital Inc.
Angela Hibbs, 514-982-2251 x300
ahibbs@inoviacapital.com

Copyright Business Wire 2009

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