IXI Mobile | Press

REDWOOD CITY, Calif. and MOSCOW, Feb. 7, 2007 – VimpelCom, the Russian mobile operator serving more than 47 Million subscribers, announced today its intentions to launch an Ogo offering aimed at the small to medium enterprise. The offering will bring mobile data services to a market segment that needs access to mobile data applications such as Push email, attachment support and ICQ support.

"We are continually looking for offerings that will fulfill the needs of the small to medium size businesses in Russia and are glad to have found IXI Mobile's Ogo suite of products and services," said Kent McNeley Vice President, Chief Marketing Officer of VimpelCom. "We believe there is an enormous opportunity for data services in this market segment, but it is key to have solutions that are cost effective for the small to medium business market."

"We are truly delighted to partner with VimpelCom to bring the Ogo solution to the SME audience," said Amit Haller, President and CEO of IXI Mobile. "This is an important milestone for us, as it represents a vast market that has gone completely underserved by all existing mobile data solutions. Millions of people are employed by small and medium businesses in Russia. Many of them need access to their mail, contacts, and calendar when they are away from their desk, but their company simply can't justify the total cost of ownership associated with current data products and services. Our vision is to minimize the cost of ownership without compromising the mobile data experience, and with that, bring it to the millions of people that were excluded from the mobile data revolution," continued Haller.

The VimpelCom offering will consist of a Push Email solution, ICQ Instant Messaging service and RSS support. The email platform will support attachments such as Word, Images, PDF documents, and Presentations.

About VimpelCom
The VimpelCom Group includes cellular companies operating in Russia and Kazakhstan and recently acquired cellular operators in Ukraine, Tajikistan, Uzbekistan, and Georgia. The VimpelCom Group's cellular license portfolio covers a territory with a population of about 237 million. Geographically, it covers 78 regions of Russia (136.5 million, representing 94% of the Russia's population), and the entire territory of Kazakhstan, Ukraine, Uzbekistan, Tajikistan, and Georgia. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange ("NYSE"). VimpelCom's ADSs are listed on the NYSE under the symbol "VIP".

About IXI Mobile
IXI Mobile, Inc. offers solutions that bring innovative, data-centric mobile devices and services to the mass market. IXI Mobile's Ogo devices are designed to improve the mobile user experience and increase mobile voice and data usage. The company provides a turn-key solution to mobile operators and Internet service providers worldwide to launch and support Ogo products.

IXI Mobile is headquartered in Redwood City, California, and has research and development facilities in Israel and Romania. IXI Mobile also maintains regional sales offices. For more information on IXI Mobile, please visit www.ixi.com.

On February 28, 2006, IXI Mobile and Israel Technology Acquisition Corporation (ITAC) (OTC Bulletin Board: ISLTU.OB - News, ISLT.OB - News, ISLTW.OB - News) entered into a definitive agreement pursuant to which a wholly owned subsidiary of ITAC would merge with and into IXI Mobile, with IXI Mobile surviving the merger and becoming a wholly owned subsidiary of ITAC. Upon consummation of the merger, ITAC will change its name to IXI Mobile, Inc. and IXI Mobile will change its name to IXI Mobile (USA), Inc.

About Ogo
The Ogo family of devices delivers popular applications, including email, instant messaging, SMS, RSS, voice and Web browsing on optimized, easy-to-use handheld devices for a true on-the-go mobile messaging experience. Ogo was launched in the United States by AT&T Wireless (now Cingular Wireless), Switzerland by Swisscom Mobile, Turkey by e-kolay.net., Germany by 1&1, and Uruguay by ANCEL. More information on Ogo is available at: www.ogo.com.