METACAFE AND PEERBOX TEAM UP TO OFFER USER GENERATED VIDEOS ON MOBILE PHONES

Service introduces mobile social networking as users may now access, download and share user generated videos directly from mobile phones

BEVERLY HILLS, California - October 16, 2007 - PeerBox by Nareos, a popular mobile social networking service, today announced a partnership with Metacafe, the world's leading independent online video entertainment site, to provide Metacafe's 27 million unique monthly visitors (comScore Media Metrix, August 2007) access to highly entertaining short videos on their mobile phones.


With one click on the 'get on mobile' button, Metacafe viewers enjoy the chosen video on their mobile phones with the help of PeerBox technology. The PeerBox Mobile application provides instant access to Metacafe content, allowing users to stream or download videos.

"The short videos showcased on Metacafe are especially well suited for mobile distribution, enabling people to enjoy an entertainment break whenever they like and wherever they want," said Erick Hachenburg, CEO of Metacafe. "Media -on -the -go is increasingly part of our daily lives, and we're pleased to introduce new viewers to Metacafe and extend our reach into Europe by teaming up with Nareos."

The service offers a multitude of other unique features, allowing users to share their personal videos shot with the built -in phone's camera, uploading their own videos directly to the Metacafe site while on the go and socializing with peers worldwide straight from their phones.

"By providing instant access from the mobile phone to the millions of videos available on Metacafe, one of the world's largest video entertainment sites, PeerBox Mobile strengthens its position as the leading content -rich mobile social network service." said Alexander Lazovsky, CEO of Nareos. "This partnership with Metacafe positions us at the forefront of the mobile user generated content revolution."

The PeerBox - Metacafe partnership, launching next month, will begin with implementations in Germany, Sweden and the Netherlands with expansion to other markets expected in Q1 2008. During the initial stage, at least two million people will be exposed to the service each month.

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About Nareos
Nareos Inc. is a privately held company, headquartered in Beverly Hills, CA. Nareos was established in January 2005, and develops know -how and services at the junction of Mobile Social Networking and Peer -to -Peer Networking. The company's innovative P2P file -sharing core technology is protected by seven international patent applications.

The company's flagship product, PeerBox Mobile, is the first true peer -to -peer service for the mobile, incorporating global P2P file -sharing, legitimate on -device access to millions of songs, videos and pictures, and a social networking platform. PeerBox Mobile enables users to access and share unlimited content.
For more information, please visit www.nareos.com.

About Metacafe
With more than 27 million unique viewers each month, Metacafe® is the world's largest independent online video entertainment site (comScore Media Metrix, August 2007). We specialize in short -form original content - from new, emerging talents and established Hollywood heavyweights alike. Metacafe delivers an exceptional entertainment experience by engaging and empowering our audience every step of the way. Our VideoRank™ technology helps expose the most entertaining content, and our Producer Rewards® program rewards video creators for their best work - all as determined by viewer response. The privately held company is headquartered in Palo Alto, Calif., and has offices in Tel Aviv and New York City. For more information - and hundreds of thousands of entertaining videos - visit www.metacafe.com.

Media Contact:
Gabriella Lawrence
Ruder Finn for Nareos
Tel: + 972 2 589 2011
Email: lawrenceg@ruderfinn.com

Michelle Cox
Metacafe
Tel : +1 650 289 9753
Email : michelle@metacafe.com


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