MyCube Announces US$8M in Funding from Black Ocean and Other Prominent Investors

SINGAPORE, May 24, 2011 -

- Funding allows for team expansion coinciding with imminent beta launch
of the world's first Social Exchange(TM)

MyCube announced that it has closed funding from Black Ocean Group and
other prominent individual investors. This brings the company's total funding
to over US$8 million.

MyCube is the world's first "social exchange", a next-generation social
network which gives individuals full privacy, ownership and control of their
digital lives and enables them to connect and share with others on their own
terms.

"While social media has been a great development, it is now clear that
there are some fundamental flaws in the relationship between these services
and their users," said Johan Stael von Holstein, MyCube CEO. "These services
don't respect our privacy, try to get us to share more than we want, stake a
legal claim to our content and determine how we interact with each other. At
MyCube, we believe that your digital life is yours to own, control and
monetize, and we are launching a service that enables exactly that."

The company was founded in 2008 by Swedish serial entrepreneur Stael von
Holstein and 3 others, is led by a highly experienced management team, and
has over 40 employees based in Singapore. This round of funding validates
significant company success to-date. "This is an exciting time for the
company and we're thrilled to be involved in the growth of what we see as an
industry-disrupting offering," continued von Holstein. "With this new round
of funding we will have fully in place the resources we need to build the
next great internet company."

About MyCube

MyCube is the world's first Social Exchange(TM), allowing individuals and
organizations to store and share their information, updates and content with
others, while retaining full privacy, ownership and control. To request an
invitation to MyCube, please visit www.mycube.com, or for more
information please see news.mycube.com or email info@mycube.com.

    Media contact:
    Todd Kurie, Marketing
    Director
    +65-6536-4280
    tkurie@mycube.com

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