Enables consumers to send favorite short videos to mobile devices

Palo Alto, CA - January 24, 2008 - Metacafe®, whose more than 28 million1 unique viewers each month make it one of the world’s largest video entertainment sites, is working with two global leaders in mobile content delivery to provide anytime, anywhere access to short-form video entertainment. Metacafe has integrated “Send to Mobile” functionality, from Nareos and Zed, which empowers entertainment enthusiasts to stream or download selected videos to their mobile devices.

Both Nareos and Zed offer a downloadable mobile application that enables instant access to videos – with just one click from the Metacafe site – making it quick, easy and convenient to enjoy entertainment on the go.

Nareos is currently enabling this capability for Metacafe viewers in Germany, The Netherlands, Italy, England, India and Sweden, and Zed is currently enabling this capability for Metacafe viewers in Spain and the U.S. Metacafe expects to extend “Send to Mobile” functionality to viewers in other markets in the coming months.

“People around the world are increasingly interested in accessing entertainment content on-the-go,” said Alexander Zaidelson, vice president of business development for Nareos. “Short-form videos like those on Metacafe are in especially high demand, as they offer a complete entertainment experience in a matter of minutes.”

“As the leading mobile content company, a collaboration between Zed and Metacafe, one of the leaders in Web 2.0 services, is the logical transition for expanding social networks to the mobile sphere,” said Javier Pérez Dolset, Founder and CEO of Zed.

“Extending the Metacafe entertainment experience to the mobile platform is the natural next step as we grow into a global media company focused on short-form video,” said Erick Hachenburg, CEO of Metacafe. “We’re pleased to be working with both Nareos and Zed in the first phase of this extension.”

About Nareos
Nareos Inc. is a privately held company, headquartered in Beverly Hills, CA. Nareos was established in January 2005, and develops know-how and services at the junction of Mobile Social Networking and Peer-to-Peer Networking. The company’s innovative P2P file-sharing core technology is protected by seven international patent applications. The company’s flagship product, PeerBox Mobile, is the first true peer-to-peer service for the mobile, incorporating global P2P file-sharing, legitimate on-device access to millions of songs, videos and pictures, and a social networking platform. PeerBox Mobile enables users to access and share unlimited content. For more information, please visit www.nareos.com.

About Zed
Zed develops and markets entertainment and community products and services for mobile and the Internet. The company is the leading mobile value-added service (MVAS) player in the world in terms of revenue and geographical footprint. After the acquisition of Monstermob, currently a subsidiary of Zed, the company is present in 38 countries, including Europe’s largest markets, USA and China. Zed holds agreements with more than 100 mobile network operators and employs 1,400 staff.

Founded in 1996 in Spain, the company’s history is characterized by the ongoing development of innovative services in the entertainment and leisure arena for mobile and Internet, and it remains at the forefront of the industry. For further information visit: www.zed.com or www.zed.biz.

About Metacafe
With more than 28 million1 unique viewers each month, Metacafe® is one of the world’s largest video entertainment sites. We specialize in short-form original content – from new, emerging talents and established Hollywood heavyweights alike. Metacafe delivers an exceptional entertainment experience by engaging and empowering our audience every step of the way. Our VideoRank™ technology helps expose the most entertaining content, and our Producer Rewards® program rewards video creators for their best work – all as determined by viewer response. The privately held company is headquartered in Palo Alto, Calif., and has offices in Tel Aviv and New York City. For more information – and hundreds of thousands of entertaining videos – visit www.metacafe.com.