Mountain View, Calif. —January 22, 2007— Mobile Content Networks, Inc. (“MCN”), a leading provider of mobile search solutions, announced today it has closed its Series B funding round led by Meritage Funds with the participation of Dentsu.com, Netage Capital Partners, UniqueLab, and Suneight. The company will use the funds to further expand the development and marketing of MobileSearch.net, the wireless industry's first real-time search management platform.

“Given the growing availability of searchable mobile content, mobile brands today desire the ability to create search solutions that work according to their specific business rules. MCN’s real-time search management platform enables mobile brands to build the most usable search solutions with a fraction of the effort it takes traditional search engine providers.”, said Marc Bookman, CEO of MCN, Inc. “With the emergence of real-time search services, any searchable mobile content becomes accessible within two to three-clicks and the distinction between on-deck vs. off-deck content becomes far less relevant.”

Since its founding in late 2004, MCN has been working with industry leaders in key mobile markets to perfect its real-time search technology. Starting in November 2005, the company has been powering all of the search services for Finnish mobile carrier, DNA. The company subsequently released a mobile shopping service in Japan in cooperation with over a dozen local m-commerce vendors. At the end of last year, D2 Communications, the largest mobile advertising agency in the world, released its FM Radio Search service to DoCoMo handset users providing listeners of FM radio with one click access to ringtones, music downloads, CDs and DVDs . all running on MCN’s MobileSearch.net platform. The company is currently working with over twenty partners in ten countries who are developing solutions based on its platform.

“The mobile search management platform developed by MCN enables mobile brands to easily develop their services in a very short time, allowing efficient and broader search applications,. stated Naohiko Teshigawara, President and CEO of Dentsu.com. .Our investment in MCN is based on their experience in Japan with its advanced mobile industry and the synergy effect with Dentsu Group companies to target world-wide expansion.

“MCN’s real-time search platform enables the most efficient creation of highly competitive search offerings compared to traditional search technology,. said Jim Dovey, Operating Partner of Meritage Funds. .The ability to rapidly build specific mobile search solutions in any language with very high click-through rates enables MCN to offer its business partners new revenue streams as well as higher returns on their investment. We believe this will be the case for MCN.s financial partners as well.”

About Mobile Content Networks, Inc.
MCN is the leading provider of real-time mobile search services, supporting operators and content providers worldwide. MCN operates MobileSearch.net an agile, scalable, and global search platform that allows partners to drive traffic to content and create sustainable and profitable search businesses. MCN.s patent-pending technology is based on a real-time search model that supports virtually all content sources, all languages, and any type of mobile client software. MCN-hosted mobile search solutions are delivering unrivaled end user experiences that continue to set new standards for the mobile industry. MCN was founded in late 2004 as an outgrowth from a two-year research and development project in mobile search. MCN has offices in Silicon Valley, Japan and Finland. MCN.s international team has unparalleled experience building and managing real world search and mobile content solutions for the industry.s leaders and pioneers. For more information, please visit www.mcn-inc.com.
 
About Meritage Funds
Meritage Funds is a Denver-based family of communications-oriented venture capital funds founded in 1998 with more than $500 million of committed capital under management. Meritage targets investments in communications enabling technologies, network infrastructure, and information applications and services. Meritage only invests in “impact opportunities” investments with the potential to return a significant portion of the Firm.s capital under management. Using a team approach, the Firm provides both equity and hands-on expertise to create value for its portfolio companies and its investors.

About Dentsu.com
Dentsu.com, Inc. is a venture capital investment management company established in March 2000 to make strategic investments in emerging areas of communication and IT technologies. Responsible for the creation of new opportunities for the Dentsu Group, Dentsu.com.s primary focus is to invest in private companies with high-growth potential. Dentsu was established in 1901 and continues to retain the largest share of the Japanese advertising market, is ranked 5th globally in 2005 based on revenue, and is number one in the world among single agency brand advertising firms.

About D2 Communications
D2 Communications was jointly established in 2000 by NTT DoCoMo, Inc., Dentsu, Inc., and NTT Advertising, Inc., as the advertising agency for the DoCoMo i-mode service. 

About Uniquelab
Uniquelab is a venture investment firm based in Tokyo focused on investments in Mobile 2.0 technologies.

About Netage Capital Partners
Netage Capital Partners, Inc. is the investment subsidiary of Tokyo-based, Netage Group, Inc. Netage works together with the best entrepreneurs, investing in Internet businesses with high growth potential.

About Suneight
Suneight is a private equity and venture capital investment firm based in Tokyo.

Contact: 
Jay Brownfield
Mobile Content Networks, Inc.
+1-650-949-6610 x318
Email: media@mcn-inc.com

Except for the historical information contained herein, the matters discussed in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. The company assumes no obligation to update information contained in this press release.