Leading Mobile Entertainment Provider Cellfish Media Receives Additional Funding of $10M, Raising its First Round Financing to $60M

(NEW YORK) - Cellfish Media has announced additional funding of $10M (USD) from the Solidarity Fund QFL, which takes its total round of funding to $60M since November 2006. The total ranks as the largest funding rounds to date of any mobile entertainment company in North America.

Fabrice Sergent, CEO of Cellfish Media, explained that, "this round of financing now totaling $60M will be used to accelerate our consumer offerings as we look to provide mobile entertainment to consumers in new ways beyond traditional distribution models. Cellfish Media is already a major provider of original mobile content but will be expanding its services and partnerships with a major product launch set for the summer of 2007."

Cellfish Media, a pioneer and leader in original mobile content creation and distribution in Europe and North America, announced in October 2006 that it had partnered with several North American investors to address the high potential of the US mobile entertainment market and become the most recognizable brand in this fast growing sector. Its products and solutions have already established Cellfish Media in the top five mobile content providers in France, North America and Germany in terms of revenue.

"We are proud to invest directly in companies such as Cellfish Media that have successfully penetrated high-potential markets and generated over nine-figure revenue performance annually since 2005," stated Jacques Bernier, Solidarity Fund QFL's Senior Vice-President, Information Technologies, Telecommunications and Industrial Innovations.