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Mobile Streams to Provide Ringtones at OasysMobile.com; Ringtone Collection Includes Latest Releases From Hot New Artists Like Kelly Clarkson, 50 Cent and Kanye West

NEW YORK & RALEIGH, N.C.--(BUSINESS WIRE)--March 30, 2006--Mobile Streams Inc, the global mobile media specialist, today announced a partnership with Oasys Mobile, Inc. (OTCBB: OYSM), a leading provider of premium mobile media content, products and services, to power OasysMobile.com with ringtone content. The selection of polyphonic ringtones include the latest releases from hot new artists like Kelly Clarkson, 50 Cent and Kanye West.

Under the terms of the agreement, Mobile Streams will make available its vast portfolio of licensed and proprietary ringtones and truetones to customers of OasysMobile.com, the first mobile lifestyle portal where consumers can purchase the latest mobile content. This richly-varied collection ranges from Country to Top 40 and also includes hilarious Comedy Voice Tones as well as popular theme songs like James Bond and Battlestar Gallactica.

Commenting on the partnership, Simon Buckingham, CEO of Mobile Streams said: “We are delighted to make our extensive library of polyphonic ringtones and truetones available to consumers at OasysMobile.com.”

“Oasys Mobile is pleased to announce this relationship with such a strong content partner. Through strategic partnerships such as this, we are able to further diversify our content offerings to satisfy OasysMobile.com's customers and attract new members,” states Gary Ban, CEO of Oasys Mobile, Inc. “We look forward to a long and prosperous partnership with Mobile Streams.”

About Mobile Streams

Mobile Streams is a leading provider of music, comedy, sport and entertainment content to handsets and other wireless devices, whose mobile expertise and distribution platform, “Vuesia,” is used globally by some of the world's largest media groups and mobile phone networks including Vodafone, and 3 in the UK, America Movil, Movistar & TIM in Latin America, Fido & Rogers in Canada and Dobson in the US.

“Vuesia” is Mobile Streams' full service enterprise mobile media management solution. "Vuesia" facilitates content ingestion, management, delivery, billing and reporting.

The Company creates, licenses and delivers quality content to Mobile Network Operators (MNOs) and consumers in the form of ringtones, graphics, video clips and other products. It has developed relationships with both content owners and MNOs which enable it to act as an intermediary, providing an end-to-end service encompassing a broad range of elements from content licensing to content production, account management and channel management.

Mobile Streams has subsidiaries in the US, Argentina, Brazil, Mexico, Chile and Colombia and has approximately 80 employees.

For more information please go to www.mobilestreams.com.

About Oasys Mobile, Inc.

Oasys Mobile, Inc. (formerly Summus, Inc.) is a leading provider of premium mobile media content, products and services distributed through OasysMobile.com and top-tier wireless carriers in the U.S. and abroad. Oasys Mobile is uniquely positioned to give consumers the ability to manage their mobile lifestyle by delivering a breadth of offerings including OasysMobile.com, a leading-edge mobile lifestyle portal that is changing the way teens and young adults buy, own and keep their mobile content. Oasys Mobile also develops, publishes and distributes more than 30 branded mobile applications in all major categories, from personalization and games to messaging and entertainment. The Oasys Mobile white-label services give carriers and content companies access to an exciting new venue which will extend their mobile offerings off-deck and reach new customers.

Whether it's OasysMobile.com, the branded mobile products or the white-label service offerings, Oasys Mobile is Wireless Refreshment.

This press release contains forward-looking statements that involve risks and uncertainties concerning Oasys Mobile's business, products and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products and financial results is included in Oasys Mobile's annual report on Form 10-K for the year ended December 31, 2005, and in reports subsequently filed by Oasys Mobile with the Securities and Exchange Commission (“SEC”). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Oasys Mobile's web site at www.oasysmobileinc.com. Oasys Mobile hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

All trademarks and/or registered trademarks are the property of their respective owners.

CONTACT: For Mobile Streams:
John Forrester, 323-702-3684
johnforrester@adelphia.net
or
For Oasys Mobile:
Schwartz Communications
Dawn Sullivan or Lisa Astor, 781-684-0770
oasys@schwartz-pr.com
or
For Investors:
Lippert/Heilshorn & Associates
David K. Waldman, 212-838-3777
dwaldman@lhai.com

SOURCE: Oasys Mobile, Inc.