Letter of Intent

7th July 2009
                         MILESTONE GROUP PLC
                    "Milestone" or the "Company"

                          Letter of Intent

AIM listed Milestone today announces that it has executed a Letter of
Intent to  purchase a  minority  non-controlling stake  in  JumpStart
Wireless Corporation ("JumpStart") as well as the right to  represent
the technologies in Europe.

JumpStart Wireless  was founded  in 2000  by Dr.  Jeffrey Bonar,  who
earned  his  PhD  in  Artificial  Intelligence.  As  an   experienced
entrepreneur, he  recognised  the market  opportunity  in  leveraging
artificial intelligence  to  vastly  reduce the  cost  of  delivering
mass-market wireless business software - a productivity  breakthrough
for an increasingly mobile and dispersed work force. This is the area
of focus for JumpStart Wireless.

The company has  developed channel partnerships  with Sage  Software,
Primavera, SAP, AT&T Wireless, Verizon Wireless, IBM, RIM,  Motorola,
and Column IT. The  JumpStart product was released  to the market  in
the summer of 2003 and now  serves 30 customers and over 3000  users.
Dr.  Jeffrey  Bonar  assembled  a  management  team  that  draws   on
professional experience  from  Verizon, IBM,  American  Express,  and
Choicepoint, as well as start-up companies.

Dr. Jeffrey Bonar, CEO  of Jumpstart Wireless said  "As part of  this
transaction we will have a new shareholder that brings real value  to
the table  as we  look to  roll out  our products  in Europe.   We're
looking forward  to working  closely  with Milestone,  extending  the
reach of  our technology  and creating  significant growth  for  both
companies."

As part of the proposed  transaction, which is subject to  definitive
agreements being drawn up, the completion of due diligence and  Board
approval  of  both  companies,  Milestone  will  also  represent  the
technologies of Jumpstart  in the  European marketplace  in order  to
develop alliances for the  company earning success  fees as a  result
and providing  a  valuable  geographic  expansion  of  the  Jumpstart
offering.

Deborah White, CEO of  Milestone said "I am  very excited about  this
transaction since Jumpstart is  a ground breaking, proven  technology
which our collective  management feel will  suit the European  market
place well, a market which we  are much better positioned to  develop
than Jumpstart who are based in Florida, USA."

In addition to the foregoing, Milestone is now interviewing  wireless
technology professionals as it intends  to add to it's management  in
order to maximise the opportunity.

Once definitive terms have been reached it is intended that Milestone
will offer  a small  subscription in  the market  place in  order  to
partly fund the acquisition.

For further information:

Milestone Group
Deborah White, Chief Executive Officer    Tel: [phone]

Arden Partners plc
Richard Day/Adrian Trimmings                  Tel: [phone]

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