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

Huntsville, Ala., - April 10 /PR Newswire/ -- Mobular Technologies™, 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.

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™ is a trademark of Mobular Technologies, Inc.