PayPal Mobile and MX Telecom to Present a Joint Case Study on Mobile Payments at MoMeMo June 26th in New York City

NEW YORK--(BUSINESS WIRE)--June 21, 2006--MX Telecom, a leading provider of global SMS text messaging and multimedia solutions, and PayPal Mobile, Inc. today announced that Alex Moir, CEO MX Telecom and Kevin Dulsky, Senior Director, GM Mobile Payments, PayPal Mobile will co-present a case study on Mobile Payments at the MoMeMo event taking place on June 26th at SoHo House Hotel in New York City, New York.

"The mobile phone has become even more ubiquitous than credit cards and PCs, and it will soon occupy a prominent place in payment processes worldwide," said Alex Moir, CEO, MX Telecom. "PayPal Mobile's community has evolved SMS beyond social interaction into the world of commerce."

“The mobile phone has become even more ubiquitous than credit cards and PCs, and it will soon occupy a prominent place in payment processes worldwide”

Online payments provider PayPal(R) is one of the few successful companies leading the push to increase availability and ease of mobile payments. MX Telecom is recognized as a leading provider of global SMS text messaging solutions; essential to the deployment of wireless mobile payments. PayPal Mobile and MX Telecom will discuss their experiences in this rapidly growing area of mobile commerce applications.

To schedule an interview or meeting with Alex Moir, CEO MX Telecom, please call or text Susan Donahue at 651-283-8700 or email [e-mail].

MoMeMo Event Schedule:

-- 6:30 p.m. Opening networking cocktail reception

-- 7:30 p.m. MX Telecom & PayPal Mobile present, "Mobile Payments in Mobile Media"

-- 8:30 p.m. Closing networking cocktail reception

To attend MoMeMo, please RSVP to Taariq Lewis, MoMeMo NY at [e-mail].

About MX Telecom

MX Telecom is a leader in wireless technology. MX Telecom offers an easily accessible gateway to data, voice and video messaging services including 2-way and premium SMS, multimedia messaging, interactive voice response, location-based services, video short codes, Internet and TV related solutions. MX Telecom is available on the web at www.mxtelecom.com

About MoMeMo

MoMeMo is an international, private industry membership group led by Ashley Heather, James Joyce, and Taariq Lewis, bringing together key decision makers and thinkers from the convergent wireless and media industries in key media centers around the world. MoMeMo's executive members consist of telecom carriers, publishers, music labels, broadcast, cable, broadband and satellite television companies, advertising agencies, mobile developers and professional services firms, as well as select media professors and students, to discuss and debate various topics related to the convergence between media, wirelessly connected consumers and technology. MoMeMo is available on the web at http://momemo.org