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LiveWire Mobile Ranked Number 49 Fastest Growing Company in North America on Deloitte’s 2009 Technology Fast 500

Attributes its 4,121 Percentage Revenue Growth to Mobile Personalization Market Expansion

October 20, 2009 Littleton, MA USA

LiveWire Mobile, Inc. (Pinksheets: LVWR), a leading provider of mobile managed personalization services, today announced that it ranked number 49 on the Technology Fast 500TM, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004-2008. LiveWire Mobile grew 4,121 percent during this period.

LiveWire Mobile's CEO, Joel Hughes, credits the uptake of the mobile personalization market and the company's managed services business model with the company's 4,121% revenue growth over the past five years.  He said, "the combination of a rapidly growing mobile personalization market and LiveWire Mobile's successful attachment to that market with a recurring, managed services business model has driven our significant revenue growth."

"Technology Fast 500TM recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate LiveWire Mobile on this accomplishment."

"With its impressive five-year growth, LiveWire Mobile has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor LiveWire Mobile for its achievement."

Overall, Technology Fast 500TM award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.

Technology Fast 500TM Selection and Qualifying Criteria

Technology Fast 500TM provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500TM website, and public company database research conducted by Deloitte. Technology Fast 500TM award winners for 2009 are selected based on percentage of fiscal year revenue growth during the five year period from 2004 to 2008.

In order to be eligible for Technology Fast 500TM recognition, companies own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional services firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.

Technology Fast 500TM award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of a least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

 

About LiveWire Mobile
LiveWire Mobile, Inc. (Pinksheets: LVWR) is a leading provider of managed personalization services for mobile operators. LiveWire Mobile's integrated suite of music and video services includes ringback tones, ringtones and full track downloads, as well as dedicated content and service marketing. LiveWire Mobile makes mobile personalization services easier to use and helps operators drive service usage and adoption. For more information, please visit www.livewiremobile.com.

 

LiveWire Mobile is a trademark of LiveWire Mobile, Inc. Other trademarks are properties of their respective owners.

 

About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of the Deloitte LLP and its subsidiaries."

 

 

 

Statements other than historical facts included or referred to in this Press Release are forward-looking statements.  These statements are based on management's expectations as of the date of this document and are subject to uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to risks and uncertainties including, but not limited to, uncertainties with respect to our ability to continue to grow our revenue, continuing growth of the mobile services market, market acceptance of our products and services, and  the continuing viability of our business model, and other risks. Past performance is not necessarily indicative of future results. We encourage you to read our Annual Report for the year ended December 31, 2008 and other public disclosures for certain additional risk factors. In addition, while management may elect to update forward-looking statements at some point in the future, management specifically disclaims any obligation to do so, even if its estimates change. Any reference to our website in this press release is not intended to incorporate the contents thereof into this press release or any other public announcement.