PRESS RELEASE July 31, 2003 Stockholm, Sweden

Alexey Tselykh, CEO of Handy Entertainment says:

We are absolutely thrilled with SHARK opportunities. MobileWizardry brings tomorrow's technology to the industry today. SHARK breaks down environment barriers and allows millions of mobile gamers to enjoy their favorite titles without regard of device type in use, be it a smartphone or PDA.

We feel excitement over all the opportunities, possibilities and pleasant surprises this partnership can bring. We join our efforts to shake up the mobile entertainment industry and bring a new gaming era closer.

The agreement first targets the migration of the "too-many-hours-in-a-day" addictive "kill-what-you-can" game called "Psycho Path" within the SHARK development kit, which will hit PalmOS®, Pocket PC, Smartphone and Symbian Series 60 devices once completed. Additional titles are planned for conversion in the near future. Pricing is yet to be decided for the titles.

Handy Entertainment's current product range includes the cult-hit Psycho Path, an addictive mirrors based puzzle game Burning Mirrors and a reversi implementation complete with game statistics and authentic look and feel Reverces.

MobileWizardry is a group of developers, derived from ardiri.com, who specialize in creating entertainment titles for handheld devices. Handy Entertainment are a team of dedicated, enthusiastic professionals driven to excel in the industry; relying on good programming philosophy, state-of-the-art technologies and bright innovative ideas to deliver truly unique one-of-a-kind products.

DISCLAIMER:
"Palm" and "PalmOS" are trademarks of Palm Inc.
"Pocket PC", "Smartphone" and "Windows" are trademarks of Microsoft.
All other trademarks are owned by their respective owners.