Mobular Partners With Merrill to Market Joint Solution for Summary Prospectus

HUNTSVILLE, Ala., May 11, 2009 (GLOBE NEWSWIRE) -- Mobular Technologies, Inc.(r)
("Mobular") today announced a joint marketing agreement with Merrill Corporation
("Merrill"), a leading publisher and electronic print provider in the financial
services industry, to market an innovative new solution designed to address the
mutual fund industries' requirements for the SEC's Summary Prospectus
regulations.

The summary prospectus rule, approved in January 2009, requires mutual funds to
deliver a summary section in the statutory prospectus. Fund companies can either
print and mail the statutory prospectus or they can print and mail on a summary
prospectus document to their shareholders, as long as they post the statutory
prospectus to the internet within 24 hours, including specific navigation links
defined by the SEC. The rule provides mutual fund companies with significant
cost-saving opportunities -- estimated by the SEC at approximately $190 million
annually -- and provides shareholders with easily accessible information.

Mobular recently released Summary PRO AR(r), a new software application designed
to meet the technical requirements of the rule for linking and web presentation.
Summary PRO AR(r) is built on the same technology platform as Mobular's
market-leading Notice and Access solution, currently used by more than 3000
corporate issuers to meet the SEC's requirements for electronic shareholder
meeting kits.

"We are excited to begin our joint marketing relationship with Merrill," stated
Allen Dillard, chief executive officer of Mobular. "Our companies have worked
together for several years, and we share similar business philosophies. We
believe the joint solution -- a unique combination of our technologies and
services -- will truly revolutionize the way the market thinks about solving
electronic document delivery requirements in the future."

"Mutual fund companies will gain significant value through the integrated
solution," said Roy Gross, president of Merrill's Marketing and Communication
Solutions Business Unit. "Through the joint marketing agreement, we can help
mutual fund companies substantially reduce costs, and at the same time,
eliminate the challenges and resource demands of creating, maintaining and
managing prospectus communications. Additionally, our solution preserves all of
the original document formatting and branding that is so important to our
clients."

About Mobular Technologies, Inc.

Mobular is the financial industry's leading provider of shareholder
communications technology and services. To learn more about Mobular, visit
www.mobular.com.

The Mobular Technologies logo is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=1273

About Merrill Corporation

Founded in 1968 and headquartered in St. Paul, Minn., Merrill Corporation
(http://www.merrillcorp.com/) is a leading provider of outsourced solutions for
complex business communication and information management. Merrill's services
include document and data management, litigation support, language translation
services, branded communication programs, fulfillment, imaging and printing.
Merrill's target markets include the legal, financial services, insurance and
real estate industries. With more than 5,900 people in over 70 domestic and 15
international locations, Merrill empowers the communications of the world's
leading companies.

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CONTACT: Mobular Technologies, Inc.
Allen Dillard, Chief Executive Officer
256-882-9011 x120
Scott McFarland, President
256-882-9011 x115