The Jet Multimedia group acquires 100% of the capital of the M-Joy company. It quickly took a lead in the Argentinean market of mobile multimedia services and developed its activity over ten countries in Latin America. This operation will create the base of expansion of Jet Multimedia group on Latin America, an emerging market with important growth potential.

M-Joy is a creator and provider of contents and services for the mobile telephony whose activity really started in 2004, This young company should achieve in 2005 approximately E 1.7 Mln revenues for an operating income from E 0.6 Mln to E 0.7 Mln, with today about fifteen people based in Buenos Aires.

M-Joy offers a broad catalogue of contents and services for mobiles (logos, melodies, photographs, games…) rich of rights and licences leaders on the Latin America, in particular in the themes of Sports and Entertainment

M-Joy has developed its activity with mobile telephony operators in Argentina (Movistar, Personal, CTI Móvil) like in Chile, in Paraguay, in Peru, in Guatemala, in Venezuela, in Colombia, in Bolivia, in Ecuador and Uruguay. The company counts among its customers Yahoo!, Discovery Networks, Mobile Streams, UBBI, Digital Orchid, Net-People, Telemedia…

This operation, which sets for M-Joy a value of E 2,7 Mln, is made in cash for E 1.8 Mln approximately and in Jet Multimedia shares for E 0.9 Mln approximately, corresponding to the issue of approximately 49,000 new shares. To that could be added an earn-out price within the limit of E 6.5 Mln, taking into account an ambitious development plan over 2006 and 2007.

Jet Multimedia continues its worldwide deployment strategy, with a strong position in Europe (France, Spain, Italy) and a significant presence in North Africa (Morocco, Tunisia) as well as on the American continent (Canada, Argentina).

For Diego Cassino, M-Joy founder and Director, "Jet Multimedia is clearly the best partner to accelerate the development of M-Joy: we join a group leader in Europe, which has the will to develop quickly at the world level and already has a subsidiary company in Spain, Mediafusion, from which we will be able to have a strong support. We are happy to become the vector of the development of Jet Multimedia in Latin America, a continent where mobile telephony experiences a very fast development, and where the consumers are really demanding new services."

Manuel Cruz, CEO of Jet Multimedia, sets this operation in the strategy of international development of Jet Multimedia: "Our group, which already took a major position on the French market, is now developing internationally. For that, we focus on mobile mass-market services and the countries with very strong growth. After having acquired at the beginning of this year the leader on the Spanish market, then taken position in the Maghreb with a presence in Morocco and in Tunisia, we have from now on the ambition to build the leader of the mobile services in Spanish-speaking Latin America. We have all the assets to reach that target, while benefiting as well on our technological know-how as on our catalogue of contents and our marketing expertise."

JET MULTIMÉDIA - www.jetmultimedia.com – The Online Value
Jet Multimédia is the European leader for interactive online services

Jet Multimedia is a key player on the market of interactive online services in Europe, with offices in France, Spain, Italy, Morocco, Tunisia, Canada and Argentina. The enterprise markets mobile contents and interactive services in more than 60 countries world-wide.
Jet Multimedia is also a major provider of hosting and outsourcing services as well as professional ASP solutions to companies and administrations.
Founded in 1989, Jet Multimedia is listed on Euronext Paris since 1996, employs about 600 people and achieved around € 200 million consolidated revenues in 2004.


 Pierre COL - Head of Marketing, Communication & Investor Relations
E-mail : pcol@jetmultimedia.com Tel : (33) 478 171 634