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.
 (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. www.buzzwire.com.
 
 
 

SOURCE Buzzwire, Inc.