Mobular Technologies, Formerly Science Communications, Secures $5M in Series A Funding Round

Investors Back First-to-Market Interactive Information

Mobilization Solution Provider



Apr 10, 2001, 01:00 ET from Mobular Technologies, Inc.

    HUNTSVILLE, Ala., April 10 /PRNewswire/ -- Mobular Technologies(TM),
 formerly Science Communications, today announced that it has raised $5M in
 financing co-led by ABS Ventures, an affiliate of Deutsche Bank Alex. Brown,
 and Southeastern Technology Fund.  John Burke (ABS) and Emerson Fann (SET)
 will take seats on Mobular Technologies' board of directors.  The capital will
 be used for product development and sales and marketing expansion.  Mobular
 Technologies' rebranding initiative is to more effectively reflect its key
 information mobilization offerings.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010410/ATTU020LOGO )
     Mobular Technologies is a fast growing information management solutions
 company holding numerous patent-pending technologies which enable the creation
 and mobilization of high-value databases from any number of sources including
 web content, product catalogs, pdf libraries, and disparate databases.  With
 Mobular's product suite, websites, product catalogs, and other high value
 information are taken directly to consumers, put in their inbox or on their
 desktop, and made interactive, and kept continuously up-to-date.  Mobular's
 flagship product, EmailEngines (TM), combats slow Internet connectivity issues
 and search deficiencies by putting a sophisticated search engine and its
 supporting data right into an email inbox or computer desktop without
 exceeding file size limitations, including attachments, or tapping the
 network.  Consumers can now search for desired information where and when they
 want it -- and quickly.  Because the entire package is compressed to a very
 small size, the interactive information can be deployed to wireless or hand-
 held devices, via email, or via the web.
     Furthermore, Mobular enables the ability to create a desktop channel for
 continuous data updates with its "save to desktop" feature and also
 facilitates the viral marketing application of "forward to a friend."  Mobular
 delivers fully searchable multimedia information for applications such as
 training manuals, financial news packages, corporate reports, supply chain or
 partner relationship management reports, and airline flight planners -- with
 the key benefits of ensuring that the information is always current, always
 persistent, always interactive, and truly mobile.  Mobular also tracks user
 activity and can deliver realtime marketing data and consumer behavior
 reports.
     "The advanced technology behind Mobular's offerings and its ability to
 transform the way that consumers and businesses interact with each other via
 email, wireless devices, and the web were key selling points for our
 investment in the company," said John Burke of ABS Ventures.  "Mobular's
 EmailEngines product transforms email from primarily a marketing vehicle to an
 enterprise knowledge management tool."
     "Mobular's technology represents tremendous potential in the e-business
 market, as it facilitates greater communication between companies, suppliers,
 vendors and customers," said Emerson Fann of Southeastern Technology Fund.
 "By combining the number-one Web site activity, search, with the number-one
 Internet application, e-mail, EmailEngines has the potential to truly
 revolutionalize information management."
     "We are delighted to introduce Mobular Technologies as the enabling
 solution provider for information management," said Stuart Obermann, Mobular
 Chairman and CEO.  "With support from our new investors, Mobular will be able
 to aggressively execute its business plan and continue to provide innovative
 solutions for leading enterprise companies to accelerate their e-business
 strategies -- providing for more accessible, truly mobile information."
 
     About Mobular Technologies, Inc.
     Mobular Technologies is an information management solutions company
 holding patent-pending technologies to enable the creation and mobilization of
 high-value databases from any number of sources including web content, product
 catalogs, pdf libraries, and disparate databases.  Websites, catalogs, and
 other high value data are taken directly to consumers, put in their inbox, on
 their desktop, or their hand-held device and made interactive and kept
 continuously up-to-date.  Working with Mobular, leading financial, music,
 retail, and travel companies are able to effectively manage and distribute
 their content to maximize online commerce, customer loyalty, audiences and
 brand awareness.
     For more information, visit www.mobular.com, e-mail info@mobular.com , or
 call 256-882-9011.
 
     About ABS Ventures
     ABS Ventures is a leading independent, institutional venture capital firm
 with offices in Baltimore, San Francisco, New York City and Northern VA.  ABS
 Ventures' hallmark philosophy is centered on dedication to helping their
 portfolio companies become successful and to this end they work very closely
 with portfolio management teams.  ABS Ventures adds significant value to
 portfolio companies via senior management recruiting, new customer contacts,
 strategic decision-making and additional financings.  Historically, nearly
 half of ABS portfolio companies have become publicly traded companies, 35%
 have been merged or acquired and the remainder are still privately held.  In
 the Internet/new media sector, recent and notable investments include USA.net,
 Lifeminders.com, Certia, iLumin, Plurimus, Branders.com, Collabria, and
 DiamondBack Systems.  In the software sector, investments include such
 companies as Telogy Networks and Daleen Technologies.  (www.absventures.com )
 
     About Southeastern Technology Fund
     The Southeastern Technology Fund is a venture capital fund located in
 Huntsville, Alabama and Atlanta, Georgia which focuses on technology investing
 in the Southeast and secondarily in other areas of the country.  With over
 $100 million under management in two venture funds, the Fund is one of the
 largest Southeastern venture funds focused exclusively on information
 technology investing.  Southeastern Technology Fund focuses on early stage
 companies with seasoned management teams in the information technology,
 Internet, and communications markets.  In the Internet/new media sector,
 recent and notable investments include Emageon, Investment ScoreCard,
 Usinternetworking, and CyberSource.  (www.setfund.com )
 
     Terms:  This press release is made as a matter of record and is not
 intended, nor should be interpreted as a recommendation to invest in any
 company.  EmailEngines(TM) is a trademark of Mobular Technologies, Inc.
 
     Mobular Technologies, Inc.
     500 Boulevard South
     Suite 204
     Huntsville, Alabama  35802
     Phone: (256) 882-9011; Fax: (256) 882-9016 www.mobular.com
 
 

SOURCE Mobular Technologies, Inc.
    HUNTSVILLE, Ala., April 10 /PRNewswire/ -- Mobular Technologies(TM),
 formerly Science Communications, today announced that it has raised $5M in
 financing co-led by ABS Ventures, an affiliate of Deutsche Bank Alex. Brown,
 and Southeastern Technology Fund.  John Burke (ABS) and Emerson Fann (SET)
 will take seats on Mobular Technologies' board of directors.  The capital will
 be used for product development and sales and marketing expansion.  Mobular
 Technologies' rebranding initiative is to more effectively reflect its key
 information mobilization offerings.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010410/ATTU020LOGO )
     Mobular Technologies is a fast growing information management solutions
 company holding numerous patent-pending technologies which enable the creation
 and mobilization of high-value databases from any number of sources including
 web content, product catalogs, pdf libraries, and disparate databases.  With
 Mobular's product suite, websites, product catalogs, and other high value
 information are taken directly to consumers, put in their inbox or on their
 desktop, and made interactive, and kept continuously up-to-date.  Mobular's
 flagship product, EmailEngines (TM), combats slow Internet connectivity issues
 and search deficiencies by putting a sophisticated search engine and its
 supporting data right into an email inbox or computer desktop without
 exceeding file size limitations, including attachments, or tapping the
 network.  Consumers can now search for desired information where and when they
 want it -- and quickly.  Because the entire package is compressed to a very
 small size, the interactive information can be deployed to wireless or hand-
 held devices, via email, or via the web.
     Furthermore, Mobular enables the ability to create a desktop channel for
 continuous data updates with its "save to desktop" feature and also
 facilitates the viral marketing application of "forward to a friend."  Mobular
 delivers fully searchable multimedia information for applications such as
 training manuals, financial news packages, corporate reports, supply chain or
 partner relationship management reports, and airline flight planners -- with
 the key benefits of ensuring that the information is always current, always
 persistent, always interactive, and truly mobile.  Mobular also tracks user
 activity and can deliver realtime marketing data and consumer behavior
 reports.
     "The advanced technology behind Mobular's offerings and its ability to
 transform the way that consumers and businesses interact with each other via
 email, wireless devices, and the web were key selling points for our
 investment in the company," said John Burke of ABS Ventures.  "Mobular's
 EmailEngines product transforms email from primarily a marketing vehicle to an
 enterprise knowledge management tool."
     "Mobular's technology represents tremendous potential in the e-business
 market, as it facilitates greater communication between companies, suppliers,
 vendors and customers," said Emerson Fann of Southeastern Technology Fund.
 "By combining the number-one Web site activity, search, with the number-one
 Internet application, e-mail, EmailEngines has the potential to truly
 revolutionalize information management."
     "We are delighted to introduce Mobular Technologies as the enabling
 solution provider for information management," said Stuart Obermann, Mobular
 Chairman and CEO.  "With support from our new investors, Mobular will be able
 to aggressively execute its business plan and continue to provide innovative
 solutions for leading enterprise companies to accelerate their e-business
 strategies -- providing for more accessible, truly mobile information."
 
     About Mobular Technologies, Inc.
     Mobular Technologies is an information management solutions company
 holding patent-pending technologies to enable the creation and mobilization of
 high-value databases from any number of sources including web content, product
 catalogs, pdf libraries, and disparate databases.  Websites, catalogs, and
 other high value data are taken directly to consumers, put in their inbox, on
 their desktop, or their hand-held device and made interactive and kept
 continuously up-to-date.  Working with Mobular, leading financial, music,
 retail, and travel companies are able to effectively manage and distribute
 their content to maximize online commerce, customer loyalty, audiences and
 brand awareness.
     For more information, visit www.mobular.com, e-mail info@mobular.com , or
 call 256-882-9011.
 
     About ABS Ventures
     ABS Ventures is a leading independent, institutional venture capital firm
 with offices in Baltimore, San Francisco, New York City and Northern VA.  ABS
 Ventures' hallmark philosophy is centered on dedication to helping their
 portfolio companies become successful and to this end they work very closely
 with portfolio management teams.  ABS Ventures adds significant value to
 portfolio companies via senior management recruiting, new customer contacts,
 strategic decision-making and additional financings.  Historically, nearly
 half of ABS portfolio companies have become publicly traded companies, 35%
 have been merged or acquired and the remainder are still privately held.  In
 the Internet/new media sector, recent and notable investments include USA.net,
 Lifeminders.com, Certia, iLumin, Plurimus, Branders.com, Collabria, and
 DiamondBack Systems.  In the software sector, investments include such
 companies as Telogy Networks and Daleen Technologies.  (www.absventures.com )
 
     About Southeastern Technology Fund
     The Southeastern Technology Fund is a venture capital fund located in
 Huntsville, Alabama and Atlanta, Georgia which focuses on technology investing
 in the Southeast and secondarily in other areas of the country.  With over
 $100 million under management in two venture funds, the Fund is one of the
 largest Southeastern venture funds focused exclusively on information
 technology investing.  Southeastern Technology Fund focuses on early stage
 companies with seasoned management teams in the information technology,
 Internet, and communications markets.  In the Internet/new media sector,
 recent and notable investments include Emageon, Investment ScoreCard,
 Usinternetworking, and CyberSource.  (www.setfund.com )
 
     Terms:  This press release is made as a matter of record and is not
 intended, nor should be interpreted as a recommendation to invest in any
 company.  EmailEngines(TM) is a trademark of Mobular Technologies, Inc.
 
     Mobular Technologies, Inc.
     500 Boulevard South
     Suite 204
     Huntsville, Alabama  35802
     Phone: (256) 882-9011; Fax: (256) 882-9016 www.mobular.com
 
 SOURCE  Mobular Technologies, Inc.