FortuneCity, the digital media company, has launched a new WAP service called
"Wapdrive" (www.wapdrive.net). The core feature of this service is the Companys proprietary
WAP site builder. This service allows any person with access to the Internet,
including FortuneCitys five million members, to create WAP pages that are easily
accessible from any WAP-enabled mobile phone globally. FortuneCity intends to leverage its
market-leading expertise in WAP technology by developing services for other mobile
platforms and standards as these become available. Initial reaction from European mobile
partners has been very positive and FortuneCity expects to sign some major deals shortly.
The WAP site builder is an extremely easy-to-use Internet application that
stores the users WAP site on FortuneCity servers which can then be reached by a
worldwide audience via WAP phones. It allows Internet users, without any programming
knowledge, to produce online WAP pages where they can store all types of information and
data, which can be updated in real-time via the Internet. As a result of this service, the
use of WAP phones will be greatly enhanced as information can now be entered and accessed
by phone or computer, thereby enabling greater access to information on a real time basis
for mobile users.