Axel Technologies and Symbio Partner to Accelerate Fuugo's Global Market Entry

Joint Effort Collaborates on Innovation and Resources

TURKU, Finland, May 24, 2010 - Axel Technologies, a pioneer in mobile TV software technologies, today
announced it has partnered with Symbio, a leading innovator of outsourced
product development solutions worldwide to accelerate R&D for Axel
Technologies' Fuugo(TM), the next generation TV application for mobile and
portable devices, enabling faster global market entry.

The strategic partnership with Symbio is part of Axel Technologies'
latest investment round with existing investors Nexit Ventures and Finnish
Industry Investment Ltd. In addition to new financing, Axel is strengthening
its business with a reliable co-creation partner that extends and enhances
its R&D, integration and support capabilities. Symbio's robust mobile,
Android and multimedia integration and global technical support expertise
frees Axel Technologies to focus on innovative product development and grow
the business.

"This is a great opportunity for Axel to accelerate our growth and focus
on global plans for Fuugo(TM). With Symbio's experienced software specialists
on board we can deliver new projects quicker and offer the best support to
our existing customers," explained Petri Kalske, CEO of Axel Technologies.
"Fuugo has already gained a tremendous amount of global interest and with
this partnership, we can proceed with our plans for a commercial launch later
this year."

"Symbio is very excited to partner with Axel Technologies as we are both
passionate about making the digital convergence between communications and
technology a reality," said Jacob Hsu, CEO of Symbio. "Axel's Fuugo is a
perfect example of how converged technology transforms the way we consume
media and communicate with social networks. We are delighted to play a
strategic co-creative role in enabling Axel to expand its presence globally."

Fuugo(TM) is the first TV application for personalising a content stream
by blending content choices from broadcast TV, mobile TV, Internet videos and
social media. Fuugo(TM) is optimised for a range of mobile and portable
devices enabling consumers to enjoy personalised TV content on-the-go.
Fuugo(TM) has been designed with the end-user in mind making it the most
user-friendly TV and Video application in the market.

    For more information:

    Axel Technologies
    Petri Kalske, CEO
    +358-400-638-880
    petri.kalske@axel.fi
    www.fuugo.tv
    www.axel.fi

    Symbio
    Ilona Mohacsi
    Abelson Group for Symbio
    +1-631-764-3729
    ilona@abelsongroup.com
    www.symbio.com

About Axel Technologies

Axel Technologies is the leading mobile TV software vendor and inventor
of Fuugo(TM). Axel offers TV applications for mobile, handheld and portable
devices as well as drives the convergence of media consumption via
Telefusion. Axel Technologies is headquartered in Finland and has sales
support offices in Hong Kong, Taipei, Munich and Santa Clara, US.
www.axel.fi, www.fuugo.tv

About Symbio

Symbio provides advanced software product development and user experience
design services to the world's technology leaders. Symbio specializes in
feature-rich software products for companies embracing the digital
convergence transformation in communications and technology. By leveraging
its deep expertise in mobile, embedded, Web-based, enterprise and user
experience driven technologies, Symbio enables its clients to focus on their
core competencies while building mission-critical technologies and products
to sustain, speed and secure the long-term success for the business.
World-leading companies like China Mobile, IBM, PayPal and Nokia already rely
on Symbio for faster, innovative, and highly cost-effective technology
outsourcing. With global headquarters in Beijing, China, San Jose, USA,
Stockholm, Sweden and Tampere, Finland, Symbio is the outsourced product
development partner companies trust to deliver truly integrated global
software development with local touchpoints in the client's home market. For
more information about Symbio, visit www.symbio.com

Axel Technologies: Petri Kalske, +358-400-638-880, petri.kalske at axel.fi; Ilona Mohacsi, Abelson Group for Symbio, 1-631-764-3729, ilona at abelsongroup.com