LENCO MOBILE INC. Announces Filing of Form 10 with the Securities & Exchange Commission

SANTA BARBARA, Calif.--(Business Wire)--
Lenco Mobile Inc. (Pink Sheets: LNCM) today announced that the Company had
submitted its Registration Statement on Form 10 to the Securities & Exchange
Commission.

Announcing the filing, Michael Levinsohn, CEO of Lenco Mobile Inc., said, "By
making this filing Lenco Mobile intends to meet the responsibilities of a fully
reporting company. This includes filing annual and periodic reports on Form
10-K, 10-Q and 8-K as well as making our financial information available to
shareholders and the general public. I am really pleased that we have got to
this point and now we will wait for the regulatory process to follow its
course."

Commenting on the Company`s plans to list on an exchange, Levinsohn added, "We
intend to file an application for listing on a major international exchange. At
this stage our plan is to compile the necessary information as soon as possible
and to submit the application to either the NASDAQ Capital Market or NYSE Amex.
We have engaged professional advisors to manage the process for us and are in
discussions with investment banking firms regarding sponsoring the Company's
listing." He added, "While we cannot guarantee approval for the listing, we
intend to diligently make the application and take any commercially reasonable
steps we can to meet the listing requirements for one of these exchanges."

Registration statements on Form 10 automatically become effective 60 days
following their filing with the SEC. However, the SEC may comment on the
registration statement, and, in its discretion, can request that the Company
withdraw the registration statement, and resubmit a new registration statement
which addresses the SEC's comments. Any resubmission would restart the 60 day
period to becoming effective. Lenco Mobile cannot provide any assurances as to
when the registration will become effective.

About Lenco Mobile Inc.

Lenco Mobile Inc. owns and operates businesses focused on the high growth mobile
marketing and Internet sectors. Lenco Mobile Inc. owns Multimedia Solutions,
AdMax Media Inc., Digital Vouchers and CellCard. Multimedia Solutions, based in
South Africa, provides MMS message solutions to wireless carriers and brand
owners using its proprietary MMS messaging platforms. The MMS messaging platform
provides significant benefits for wireless carries including improved messaging
throughput, better quality and reduced bandwidth usage on a per message basis.
The Multimedia Solutions platform is offered as a managed service, thereby
reducing upfront capital costs for wireless carriers. AdMax Media`s services
include a full suite of online performance marketing, search engine optimization
and lead generation tools. Admaximizer.com is a real time campaign management
platform for online advertising that enables advertisers to obtain the best
response to their campaigns. The AdMaximizer platform manages the creation and
display of online campaign materials such as banner advertisements, landing
pages and email offers by using campaign performance related data, keyword
search listings, and search engine optimization components. Digital Vouchers is
a mobile phone and Internet marketing platform under development which is
designed to enable brand owners to extend offers to consumers which can then be
redeemed via mobile phones at point of sale in a retail outlet. CellCard is a
software platform under development that is designed to provide brand owners
with the ability to download mobile content such as a video clip to a mobile
phone and also provides a mobile payment platform which can be used to pay for
goods and services, either person to person or person to business.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements, including expected industry patterns and other financial and
business results that involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity, performance or
achievements to differ materially from results expressed or implied by this
press release. Such risk factors include, among others: our ability to respond
to any comments or questions from the SEC regarding our registration statement
on Form 10; the timing of our responses to any SEC comments; the date upon which
the Form 10 would be declared effective, if ever; our ability to meet the
listing requirement for listing on a national exchange; the timing of when we
can file an application for listing on an exchange; whether any exchange will
approve our application for listing; or the timing of any listing on an
exchange. Actual results may differ materially from those contained in the
forward-looking statements in this press release. Neither Lenco Mobile Inc. nor
any company mentioned in this release undertake any obligation to update or
revise forward-looking statements to reflect changed assumptions, the occurrence
of unanticipated events or changes to future operating results.

Corporate Inquiries:
Lenco Mobile Inc.
Michael Levinsohn
CEO and President
Tel: 1-888-LENCO US
Email: michael.levinsohn@lencomobile.com
www.lencomobile.com

Copyright Business Wire 2009