November 29, 2006

Astute Launches Fantasy Stock Market Trading Application at the BREW 2006 Developers Conference - India

- 'Astute Stock Mania' to Enable Trading with Virtual Money and Real Stocks -

MUMBAI, India - November 29, 2006 - Astute Systems Technology, a leading developer and publisher of mobile content, today unveiled its latest offering, 'Astute Stock Mania,' based on Qualcomm's BREW® solution. The successor to the extremely popular 'BSE Portfolio Tracker' application, 'Astute Stock Mania' is a unique mix of education and entertainment that allows both avid and aspiring investors to experience stock market trading without having to invest real money. Upon download, the game credits the user with virtual money, which can then be used to trade stocks at their real market value in a simulated business environment.

"We are extremely encouraged by the tremendous recognition we have received for 'BSE Portfolio Tracker' and are very confident about the potential of 'Astute Stock Mania.' With this application, we hope to take our users' experience to the next level by offering exciting content that allows them to develop their trading expertise in a virtual environment," said Vijay Kumar Jain, CEO and founder of Astute Systems Technology. "The BREW solution has been instrumental in the creation of our large user-interactive applications, such as 'Astute Stock Mania,' as its efficient architecture and scalability has enabled us to provide engaging content that meets the dynamic needs of the wireless marketplace."

"With the growing popularity of stock trading, investors are always on the lookout for resources and tools that will help them optimize returns from their investments," said Mr. Rajnikant Patel, managing director and CEO, Bombay Stock Exchange. 'Astute Stock Mania' will be of interest to both seasoned as well as amateur investors who are eager to interact with the real stock market environment to refine their trading skills."

"As one of the pioneers in the mobile content industry in India, Astute has effectively worked with the BREW solution to create content that is innovative, as is the case with their 'Astute Stock Mania' application," said Vishal Gupta, senior director, sales and business development, Qualcomm India and SAARC. "Qualcomm is excited to be working with developers such as Astute who are consistently delivering on their promise of high-quality applications. Through the BREW solution, we empower developers to achieve greater benchmarks in the global wireless industry with every new offering."

The BREW solution drives the discovery and delivery of wireless data services. BREW operators and their subscribers can benefit from several offerings, which include: uiOne™ for rich, integrated and dynamic user experiences with fast access to high revenue services on wireless devices; deliveryOne™ for differentiated and tightly integrated, operator-managed support and delivery of advanced wireless data content and services; and marketOne™ for a quick-to-market, hosted, scalable content delivery service that includes media titles, flexible management and monetization, content provider settlement and business intelligence services. Qualcomm offers this comprehensive set of BREW offerings to meet the distinct needs of companies delivering mobile products and services around the world.

About Astute Systems Technology
Astute Systems Technology is a leading international developer and publisher of mobile applications. Astute's product portfolio presents a mosaic of mobile applications, including games, server-based applications, mythology, utilities, ad gaming, gambling, theme-based wallpapers, animations, video clips, logos, ringtones, singtones and dialogue tones. Astute's mobile applications are available on handsets from Nokia, LG, Kyocera, Samsung, Panasonic, Motorola, Sony Ericsson, Siemens and Alcatel and have a presence on GSM, CDMA and BREW platforms.

Astute Systems Technology Contact
Meahul Kotharii
Astute Systems Technologies Pvt. Ltd.
meahul@astutesystemstech.com
+91 731 3291991

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