Trading Statement

RNS Number:4721T
Axismobile PLC
30 April 2008



                           AxisMobile PLC 
                  ("AxisMobile" or "the Company")


                          Trading Update

AxisMobile PLC (AIM: AXIS), the consumer mobile email specialist, announced on
11 January 2008 that it had secured a loan of US $2,000,000. The Board of
AxisMobile now reports that, despite the additional loan and the loan finance
obtained in October and November 2007, due to a slower than anticipated increase
in and collection of revenues, the Company's cash position has momentarily
deteriorated.

AxisMobile continues to receive strong interest in its products, has won
additional new contracts with European and South American mobile operators and
continues to recognise cash as and when possible in order to see the Company
through to breakeven. However, whilst the Board continues to believe in the
inherent strength of the business and is also confident that the Company's 2008
revenues will be considerably higher than its 2007 results, the Board is of the
opinion that the Company does not momentarily have sufficient cash to see itself
through to financial breakeven.

In order to continue to support its existing and new customers and to ensure the
on-going growth of the business, the Board of AxisMobile is, therefore,
considering its options, which may include additional funding from strategic
investors (of which there can be no guarantee) or a disposal of certain or all
of the assets of the business through a strategic M&A transaction. A further
announcement will be made to shareholders in due course.

                                    - ends -

Enquiries to:

Uri Darvish, CFO and Finance Director              Tel: + 972 3 768 5555
AxisMobile                                         www.axismobile.com
                                                 

Josh Royston                                       Tel: [phone]
Threadneedle Communications

Mark Williams/Andrew Chubb                         Tel: [phone]
Canaccord Adams Limited

Notes to Editors

About AxisMobile

. AxisMobile was founded during early 2000. It is a leader in
the emerging market of consumer mobile email which allows consumers to access
email via mobile telephone handsets.

. AxisMobile's objective is to provide software that drives the
mass market adoption of mobile email and related products by making multimedia
information portable, ubiquitous and easy to access on subscribers' existing
mobile handsets at an attractive cost. AxisMobile's email platform provides a
'one-stop-shop' for consumer mobile as it supports Web, WAP, IMAP4, MMS, SMS and
J2ME interfaces. Such interfaces cover most methods of transmitting mobile data
communications. AxisMobile's platform means that mobile operators no longer need
to integrate platforms from different vendors. This reduces costs. AxisMobile
aims to leverage customer relationships by offering additional products and
services based on its technology platform, hence producing cross-sales and
increasing the value to customers and to its shareholders.

. Consumer mobile email represents a huge growth opportunity for
mobile operators and vendors. The success of mobile communications has become a
worldwide phenomenon with approximately 1.7 billion subscribers globally. In
2005, Forrester research estimated that the number of Western European consumer
mobile email users will increase from 12.3 million in 2005 to 62.7 million by
2008. During the same period, revenues from consumer mobile mail will grow from
Euro120 million per year to Euro1.15 billion per year in Western Europe alone. In the
US, Forrester estimates that the number of consumer mobile email users will
increase from 12.1 million in 2005 to 38 million in 2008 and that revenues will
soar from $13 million per year in 2005 to $406 million in 2008.

. Further information on AxisMobile is available from the
AxisMobile website: www.axismobile.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
TSTURASRWNRSOAR