Buzzwire(TM) Secures $8 Million in Series B Funding, Led by Sequel Venture Partners

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Buzzwire(TM) Secures $8 Million in Series B Funding, Led by Sequel Venture Partners
Financing to Fuel Carrier Deployment of Streaming Online Audio and Video to
               Mobile Phones in the U.S. and Internationally

    BOSTON and DENVER, Dec. 5 /PRNewswire/ -- Buzzwire, Inc.
(http://www.buzzwire.com), which provides streaming online audio, video and radio
to mobile phones, has secured $8 million in Series B venture capital
financing. Led by new investor Sequel Venture Partners, the Series B round
also includes existing investors Matrix Partners and Spark Capital. Ron
Bernal of Sequel will join Buzzwire's board of directors.

    Buzzwire will use the new round to move from planning and testing to
deployments with major carriers in the U.S. and overseas. "We have hit
every milestone to date. We've launched the company, attracted a top notch
management team, proven our model's operational feasibility and secured
interest from top carriers, content partners and consumers," said Andrew
MacFarlane, CEO for Buzzwire. "With a deal in place with one of the top
U.S. carriers, this new round will fuel the roll-out of Buzzwire in
multiple markets within the U.S. and abroad."

    Joining Buzzwire's board, Bernal brings an extensive operational
background from industry leaders including Cisco, Growth Networks and
Silicon Graphics as the company moves to launch and expand its service.
"The market for mobile media is immense, but a clear leader has yet to
emerge," said Bernal. "Buzzwire's approach is exceptional and the company
has proven itself in a short period of time by meeting extremely aggressive
milestones. The opportunity is immediate, and Buzzwire has the right team
in place to leverage its technology advantage for market leadership."

    About Buzzwire

    Buzzwire is a new mobile media service that makes it easy for users to
find, personalize and share streaming audio and video from their mobile
phones. Backed by Sequel Venture Partners, Matrix Partners and Spark
Capital, the founding team combines its deep Internet and mobile services
expertise to give on-the-go people quick and easy access to the audio and
video content that they choose. Buzzwire is jointly headquartered in
Denver, Colorado and Boston, Massachusetts. http://www.buzzwire.com.
SOURCE Buzzwire, Inc.
http://www.buzzwire.com