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Press Release

CallKey International Mobile Roaming Service Resumes Under New Owners

London UK - 28th January 2008

It was announced today that CallKey, the international mobile roaming service has been restarted and all previously issued SIM cards (170,000) are to be reactivated.

The assets of the former Isle of Man based CallKey Group Ltd. have been purchased by California based Long Distance carrier CoSpeed LLC, headed by telecoms entrepreneur Gerry O’Prey.

The company’s objective is to transform CallKey into a world leader in its field. Immediate improvements will be made to its operation as follows:

1. A new switching platform terminating exclusively via Tier 1 carriers.
2. A fresh new white label reseller program to be inaugurated in Feb 2008.
3. A new Reseller Training & Support Office on the UK mainland.
4. New management team experienced in global telecom
5. A commitment to integrating our complementary Voice over Wi-Fi technology enhancing the user experience

BACKGROUND

Founded in 2003, the former CallKey Group company was based in the Isle of Man.  The Company operated a Global MVNO (“Mobile Virtual Network Operator”), deploying innovative telecom services, with offices and/or facilities located in London, Hong Kong, Sydney, Los Angeles, New York and Tucson. The Company operated a GSM mobile service utilising proprietary technology, which allowed its subscribers to slash their international mobile roaming costs by up to 80%. The Company’s patented “hub” technology bridged traditional fixed-line, mobile and Internet networks. The new company will continue to distribute CallKey’s products exclusively through a global network of resellers.

Through its white label reseller channel CallKey had shipped over 170,000 SIM cards to subscribers in four continents, offering coverage in 115 countries.  The new company will continue to offer highly discounted rates and free incoming calls whilst roaming in many countries.  The CallKey service offers international rates lower than that of the incumbent mobile operators. +44 mobile numbers are linked to each SIM which work in any unlocked GSM phone.

New CEO Gerry O’Prey says “Since it’s inception in 2003 CallKey has been a leader in global SIM technology, and we are very excited about this acquisition. It complements perfectly our Wi-Fi mobile VoIP application which will be integrated into the white label channel. We will work very closely with all existing resellers ensuring that all outstanding service issues are resolved promptly. Our wholesale rates will be competitive and remain consistent ensuring a smooth operation for all our partners”.  He went on to add “I give my personal assurance that we will learn from lessons of the last few months and we will be a ‘Listener’ always eager to hear the feedback from our faithful resellers the world over”.

For more information visit www.CallKey.com or email pr@CallKey.com.

ABOUT COSPEED LLC

Founded in 2002 CoSpeed is headquartered in Los Angeles, California. CEO Gerry O’Prey is the man behind Dataflex Holdings which he founded and eventually led to it’s full listing on the London Stock Exchange. The company have worked very closely with Nokia for several years to develop the Voice over Wi-Fi application. They are members of Nokia Forum Pro and are a Forum Nokia S60 3rd Edition Featured Developer, one of only 23 recognised worldwide.