NEXAGE Powers Mobile Rich Media Service for Versaly Entertainment

Versaly Brings One of the Largest Libraries of Mobile Content to
Users Globally on Nexage's PhoneCast Solution
FREMONT, Calif. & BELLEVUE, Wash.--(Business Wire)--
Nexage (www.Nexage.com), a leading mobile advertising and rich
media solutions provider, announced today that it is powering a new
mobile destination for Vmbc.tv, a mobile video-on-demand distribution
network from Versaly Entertainment. Use your mobile phone's browser to
go to http://m.Vmbc.tv. Vmbc.tv is a unique platform that unifies
media buyers, carriers, and content owners, creating a simple,
profitable point of entry and expansion for the mobile video business.
It will enable consumers worldwide to access one of the largest
libraries of mobile video content that is compelling and targeted to
the mobile video audience.

Nexage's PhoneCast platform is a highly reliable, carrier-grade
solution that is easy to use for both media content providers and end
users, and powers services for CBS Sports, DivX and others. It
supports full social networking capabilities that enable companies to
engage in viral marketing and build customer loyalty. It delivers
content and services to phones on networks worldwide without the need
for client software.

"Versaly Entertainment provides great content to global mobile
users," said Dev Gandhi, CEO of NEXAGE. "We are excited to have the
opportunity to work with them to create an outstanding mobile
experience for Vmbc.tv based upon our proven PhoneCast platform."

"Nexage provides an innovative mobile solution that enables us to
deliver our content and services worldwide," said Matthew Feldman, CEO
of Versaly Entertainment. "We are dedicated to offering our users the
highest quality mobile media experience with social media features,
and we are excited to be working with Nexage to make this vision a
reality."

About Versaly Entertainment

Versaly Entertainment is a global mobile media and entertainment
company for the always-connected mobile generation. Versaly operates
Vmbc.tv (Versaly Mobile Broadcasting Company), a mobile
video-on-demand distribution network. See
http://blog.versaly.com/about for more information.

About NEXAGE, Inc.

Nexage is a leading developer of Mobile Advertising, Rich Media, &
Social Networking Solutions for Media companies, Content providers and
Carriers. Nexage's white labeled services enable fast, economical
deployment of mobile media to an addressable market of 3 billion
mobile phones consisting of over 450 phone models on more than 350
wireless networks worldwide. The PhoneCast platform provides automatic
content ingestion, encoding, management, ad network integration,
publishing, and delivery of mobile video content through streaming and
download. Nexage's solutions are deployed for over 10 media companies,
content providers and mobile operators including CBS, DivX and other
top-tier broadcasters in the US.

Nexage, Inc.
Dev Gandhi, 510-687-9999
or
Versaly Entertainment
Victoria Vlatney
press@versaly.com

Copyright Business Wire 2008