modu Selected By AlwaysOn As the Top Mobile Company Of AO Global 250 : modu recognized for game-changing technology and market value

KFAR-SABA, Israel (Business Wire EON) July 22, 2008 -- "The AO Global 250 winners have excelled in key strategic areas in the global technology markets," said Tony Perkins, founder and CEO of AlwaysOn. "We congratulate them for their success in introducing new tools, services, and platforms that are driving the next phase of innovation and creating real value at an economically uncertain time."

The AO Global 250 was selected from over hundreds of companies, nominated by a panel of industry experts in the online technology, media, entertainment, mobile, enterprise and greentech sectors from around the world. From those 250 companies, modu was selected as the top mobile company overall. A full list of all the AO Global 250 winners can be found on the AlwaysOn Web site at http://alwayson.goingon.com/permalink/post/27959.

modu has developed a disruptive solution poised to revolutionize the mobile handset industry. At the heart of the modu ecosystem is modu - a tiny, sleek and sophisticated mobile phone. modu is designed to be slipped into a wide variety of modu jackets - stylishly designed phone enclosures - and modu mates - modu-enabled consumer electronic devices. modu's ecosystem offers boundless possibilities in a simple and affordable way.

Dov Moran, CEO of modu, commented: "AlwaysOn has an impressive track record of recognizing technology companies poised to make a major impact in the marketplace, and we expect to meet and exceed those lofty expectations. modu's ecosystem of modu jackets and modu mates offers consumers unparalleled freedom in how they use and personalize their mobile experience. Our goal is nothing short of reinventing the mobile industry."

NOTES TO EDITORS

About modu

modu manufactures the world's lightest modular mobile phone, with a vision of bringing a fundamental change to the dynamics of the personal communication world. modu has developed a tiny, sleek and sophisticated mobile phone, called modu, which enables users to personalize their mobile experience in a simple and affordable way. Users can customize the look of their phone while gaining functionality by inserting modu into other devices in its ecosystem, including a range of stylish phone enclosures, called modu jackets, as well as enhanced, modu-enabled consumer electronics devices, called modu mates. modu was founded in 2007 by Dov Moran and is headquartered in Kfar-Saba, Israel, with offices in Austria and Korea. For more information, visit www.modumobile.com.

About AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a community blog network. In 2004, AlwaysOn continued to lead the industry in innovation by engaging its bloggers in a social network. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, OnHollywood, OnMedia, GoingGreen, NordicGreen, and Venture Summit East and West) and quarterly print "blogozine". No other media brand has dared to create such open interaction with its readers and event participants.