Telava Networks, Inc. Announces New Acquisition in China’s Mobile Advertising Market Rapid Mobile Advertising Growth Achieved in the China Market

SOURCE:

Telava Networks, Inc.

2008-03-31 06:15:00

Telava Networks, Inc. Announces New Acquisition in China’s Mobile Advertising Market

Rapid Mobile Advertising Growth Achieved in the China Market

SAN FRANCISCO, CA–( EMWNews – March 31, 2008) – Telava Networks, Inc. (OTCBB: TLVA)

announced today that the Company has signed a Letter of Intent to acquire

Shenzhen Evergreen Technology Ltd. (Evergreen Technology), a leading

pioneer of mobile advertising networks and solutions provider in China. The

targeted acquisition is consistent with the Telava Strategic Business Plan,

designed to build enterprise value through organic growth, and select

acquisition opportunities associated with cross-functional integration of

the complementary core competencies.

“Evergreen Technology’s success so far in 2008, demonstrated by the

increase in impressions and the influx of brands joining our network,

represents the overall growth of the mobile advertising market,” said

William Luo, CEO of Evergreen Technology. “The complementary competencies

of Telava will enable us to make a significant mark for other markets. Our

combined reach and ability to measure mobile campaigns will pave the way

advertisers look at the comprehensive ad buy in the China market.”

As the mobile advertising industry grows more significantly in the U.S.

from $421 million in 2006 to an estimated $4.7 billion by 2011, worldwide

mobile advertising is expected to increase to $11.3 billion by the same

year, according to eMarketer.

“Telava has always set itself apart through our creative and comprehensive

suite of advanced wireless technology solutions,” said Baldwin Yung,

President and CEO of Telava. “Evergreen Technology is the perfect

complement to our global strategy and provides invaluable differentiators

as we expand our services into other markets such as China. This

acquisition firmly positions Telava’s commitment in delivering innovative

solutions to the wireless industry.”

About Shenzhen Evergreen Technology Ltd

Evergreen Technology is the China leader in mobile advertising software and

services company dedicated to enabling advertising on mobile devices.

Evergreen Technology offers a comprehensive solution for advertisers to

control all mobile marketing spanning from mobile ad sales to ad management

and analytical reporting. The Company set up the first official mobile

television portal for Tom Group’s and Time Warner’s CETV (China

Entertainment TV). Evergreen Technology holds the exclusive copyright on

mobile content and license to operate and deliver mobile television for

CETV. Evergreen is the first to deliver advanced high-quality mobile video

ad in China.

About Telava Networks, Inc.

Built on carrier-class network infrastructure, Telava Networks, Inc. is an

Integrated Communications Provider (ICP) of wireless broadband connectivity

for next-generation fixed and mobile innovative applications. Headquartered

in San Francisco, Telava has launched wireless high-speed Internet services

in both metro and rural markets. The Company owns a wireless broadband

network covering more than 40 cities and 22 states. Additionally, Telava’s

wholly owned subsidiary IBFA, has local service authority in: Arkansas;

California; Connecticut; Georgia; Illinois; Kentucky; Michigan; New York;

Tennessee; Texas; and Wisconsin. The Company provides long distance

services in all 50 States, and ISP services in all markets they serve.

Telava has offices in San Francisco, Chicago, China, South Korea, and the

Philippines.

This News Release may contain “forward-looking statements” within the

meaning of Section 27A of the Securities Act of 1933, and Section 21E of

the Securities Exchange Act of 1934. Although the Company believes that the

expectations reflected in such forward-looking statements are reasonable,

it can give no assurance that such expectations will prove correct.

Contacts:

Shenzhen Evergreen Technology Ltd:

Investor Relations
86.755.8358.9056

Telava Networks, Inc.:

Investor Relations
415.321.3490

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