Milestone completes transaction with JumpStart ...

Milestone Group plc ("Milestone" or "the Group") Milestone completes transaction with JumpStart Wireless Milestone Group plc today announces that it has entered into an agreement (the "Agreement") with privately owned JumpStart Wireless Corporation ("JumpStart"), an enterprise wireless software company founded in 2000, based in Florida, USA. Under the terms of the Agreement Milestone has obtained the right to sell patented and patent pending technologies of Jumpstart in the UK. The board of Milestone believe that this is a much valued addition to the Group's newly unveiled suite of technologies/capabilities. In addition to obtaining the rights to sell JumpStart technologies in the UK, Milestone also purchased shares in JumpStart. JumpStart's technology saves clients significant costs in the field by cutting down on paperwork and seamlessly coordinating wireless devices and business software applications by leveraging artificial intelligence technology. JumpStart has a strong track record in the US, already working with enterprise software partners such as Sage, Primavera and SAP, reaching 25 million mobile workers through these networks alone. JumpStart's clients in the US include such companies as a Fortune 500 service organization, large auto manufacturer and many companies in construction and field services and it is upon these foundations that Milestone hope to build a new sales platform in the UK. Commenting on the Agreement, Milestone CEO, Deborah White, said; "JumpStart's product is ideally positioned to thrive in the current economic climate, significantly reducing the time and costs involved in communicating with staff on the move." Wireless expert Dr. Marios Gerogiokas has been appointed to direct the wireless sales and operations for Milestone. He brings with him 25 years of experience in the field of telecommunications, most recently gathered during the evaluation of Broadband Internet solutions for rural areas in Africa and the Middle East. Mr Gerogiokas' will cover a broad programme of business development, with a competitive pricing model and an understanding of its appeal to business software users in the region. He will also dovetail with Milestone's in-house creative, sales and marketing team to identify, approve and manage new client opportunities for JumpStart's patented technology in the UK. Dr. Jeff Bonar, Founder and CEO of Jumpstart Wireless, commented "We are delighted that Milestone will be representing our technologies in the UK. Milestone is a great JV partner for JumpStart's unique approach to enterprise software mobility. Combining with Milestone will deliver mobile solutions to UK customers." Milestone will be offering JumpStart technologies in the market place, contracting sales and using the support and development services of Jumpstart to implement new programs, "There is no doubt that our current offerings together with this new product suite sets us apart from our competitors and we expect to see positive impacts on our share price as a result of the revenues derived from this relationship." Deborah White, Milestone CEO. Milestone has also purchased Common Stock in JumpStart ("JS Shares") with a total subscription value of $100,001, (approximately £60,000) taking a minority position not greater than 3%. Under the terms of the Agreement Milestone will receive a significant percentage of the gross revenue from all sales that it makes in the UK. Milestone has an added incentive in that in addition to the cash reward for the sales it makes; it could also receive an equity award of JS Shares, provided that it has reached certain performance metrics. FOR FURTHER INFORMATION: Milestone Group plc Deborah White, Chief Executive Officer Tel: 020 7929 7826 Arden Partners plc Richard Day / Adrian Trimmings Tel: 020 7398 1632 For more information about JumpStart Wireless go to: www.jumpstartwireless.com ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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