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Alltel Launches Oasys Mobile's Fun New Twist on “Crazy 8's”; More than 10 million wireless subscribers can experience a fresh take on the classic family game, complete with new animated features and personalization options

RALEIGH, N.C.--(BUSINESS WIRE)--May 24, 2006--Oasys Mobile, Inc. (OTCBB: OYSM), a leading provider of premium mobile media content, products and services, today announced that Alltel (NYSE: AT) will begin offering its “Crazy 8's” mobile card game to more than 10 million wireless customers. Oasys Mobile's version of “Crazy 8's” is designed with a powerful new engine and interactive graphics and sounds to give users a creative and fun wireless experience.

According to a recent report from M:Metrics, a mobile market measurement authority, Oasys Mobile is one of the top mobile gaming companies in market share. Oasys Mobile has a long history of working with premium content providers to create and deploy popular branded gaming titles including UNO(R) Challenge, Texas Hold'em by Phil Hellmuth, Secrets of Hold'em with Howard Lederer and Kentucky Derby(R) Championship Racing.

The launch of "Crazy 8's" on the Alltel network marks the first original non-branded content game developed by Oasys Mobile and creates a direct new revenue stream for Oasys. The game will be available to Alltel customers on the Axcess(SM) service through a subscription basis for $2.49 a month and through Oasys Mobile's mobile lifestyle portal at www.OasysMobile.com.

Oasys Mobile's “Crazy 8's” stays true to the original “Crazy 8's” card game that has entertained generations and adds the following new mobile twists:


-- “Game Stats” let users keep track of how well they are doing at any time
-- Single player and hot seat multiplayer options
-- Players can pick their own "personas" with one of five character options
-- Game characters express facial expressions and animations when good and bad things happen like winning a hand, being skipped, reversed or forced to draw two cards
-- Multiple skill level options
-- Animated game-win celebration and game-loss screens
-- Playing tips and tricks and control features let users quickly get in the game

"Oasys Mobile is focused on giving consumers the applications they want to personalize their mobile experiences and support their mobile lifestyles," said Gary Ban, CEO of Oasys Mobile, Inc. "We are uniquely positioned to reach new customers and generate revenue through carrier relationships, content partnerships and our consumer mobile lifestyle portal, OasysMobile.com. The creation of our own Oasys Mobile branded game is yet another way we will leverage our mobile industry expertise to bring fresh new content to the mobile market."

About Oasys Mobile, Inc.

Oasys Mobile, 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 website 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: 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.