Fictionwise Acquires eReader eBook Business Unit From Motricity

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Fictionwise, Inc., a leading independent eBook retailer; and Motricity, Inc., a leading provider of mobile content services and solutions, today announced that Fictionwise has acquired the eReader.com retail electronic book business unit from Motricity.

Fictionwise, Inc., a leading independent eBook retailer; and Motricity, Inc., a leading provider of mobile content services and solutions, today announced that Fictionwise has acquired the eReader.com retail electronic book business unit from Motricity.

eReader.com is one of the largest and longest-running eBook retailers on the Internet, with a large customer base and over 23,000 titles available from major publishers and authors. Electronic books from eReader.com work on a wide variety of handheld devices, giving customers the flexibility to read on whatever devices they currently own, with the ability to transfer their purchases to future devices.

"eReader.com is one of the crown jewels of the eBook world," commented Steve Pendergrast, co-founder of Fictionwise, Inc. "With this acquisition, Fictionwise breaks into the very top ranks of the eBook retail market. Synergies between our business units will open the door to some very interesting developments for our customers in the coming months."

"Over the years, eReader.com nurtured and grew a loyal following of customers while pioneering methods to help raise the general adoption and consumption of eBooks, " said Chris Chuang, Vice President of Strategic Development for Motricity. "eReader.com is a strong strategic fit with Fictionwise, not only in terms of the additional customer footprint it brings, but also in that Fictionwise is acquiring some of the leading technologies and infrastructure in the eBooks market."

Fictionwise plans to maintain ereader.com as an independent web site to capitalize on the strong brand and loyal customer base achieved by the site. However, Fictionwise plans to build on the success of the eReader eBook format by expanding the product to function on an even wider range of handheld devices, allowing customers the flexibility to read on whatever devices best meet their needs.

About Fictionwise
Fictionwise.com is a leading independent eBook retailer. Fictionwise sells award-winning and high-quality eBooks by top authors in every major eBook format, which can be read on hundreds of different handheld devices as well as personal computers. Established in June 2000, Fictionwise has sold millions of eBooks to hundreds of thousands of loyal customers worldwide. Fictionwise operates not only their flagship storefront, Fictionwise.com, but also eReader.com, eBookwise.com, and storefronts for several independent publishers. For more information, visit http://www.Fictionwise.com

About Motricity
Motricity is a leading provider of mobile content services and solutions that enable consumers to receive the right content at the right time, every time. The company's offerings span the content delivery chain, enabling compelling end user experiences and delivering profitable and reliable mobile content offerings for mobile operators, media and entertainment companies, mobile specialists and more. Motricity's customers include 11 of the top 13 carriers in North America and 20 of the top television networks with marquee partners such as MTV, BET, Turner, AT&T, Alltel, Bell Mobility and others. Products and services range from mobile portals and storefronts to messaging aggregation with access to more than 200 million mobile subscribers. Motricity is headquartered in Durham, N.C., and has offices in Los Angeles, Seattle, the U.K., France, the Netherlands and Germany. For more information, visit http://www.Motricity.com.

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