iCom Vision Holding launches its shares on the NewConnect market

Today, on 23 March 2011, the stock of Czech company iCom Vision Holding, specialising in the development of mobile phone applications, began to trade on the Warsaw Stock Exchange, or more specifically on the NewConnect market. Demand for the stock in the private placement process exceeded the value of shares on offer by almost one quarter.

The non-public offering that took place in December last year included in total one million newly-issued shares, which represents 49% of the issued capital of iCom Vision Holding. Demand for the stock in the private placement process exceeded the value of shares on offer by almost one quarter, and the overall capitalisation of the Company established on the basis of the offering price reached CZK 35,140,000.

"Listing iCom Vision Holding on the NewConnect stock exchange is a major milestone in the company's history," says Tomáš Prošek, member of the Board in charge of iCom Vision Holding’s investor relations, adding: "Having entered the stock exchange and acquired the corresponding financial resources, the company is now able to achieve the ambitious objective of becoming a major player in the online communication field, in particular in mobile network technologies, and to build lasting relationships with our clients. I would like to thank our Czech and Polish investors for their interest in our shares, and for their trust in our business plan."

Jan Procházka, Polish Operations Manager of CYRRUS, said: "iCom Vision is the third Czech company to start operating on the NewConnect market as of today, and I do believe it will have at least the same success as Photon and BGS, which have already found a solid place within investment portfolios, and not only in Poland. The mobile applications sector is a very dynamic area, and we expect the same dynamism from their stock. The very first day has proved that Polish stock exchange shareholders believe in the sector and its Czech leader."

Bogusława Skowrońska, chair of the Board of CMS ProAlfa and authorised advisor of the company, sums up: "We are happy to work as the authorised advisor for the third Czech company entering NewConnect, which has become a very effective fund-raising platform for innovative small and medium enterprises from Central and Eastern Europe. NewConnect provides investors with an opportunity to realise above-average returns, and the issuers – with efficient possibility of financing their growth strategies."

iCom Vision Holding, a. s. intends to use the revenues from the sale of shares for acquisitions of smaller enterprises with growth potential, and to promote awareness of the iCom Vision brand in the Czech market, and, last but not least, to build up a team of online communication experts. One of the company's objectives is to strengthen the corporate IT infrastructure in order to offer high quality and guaranteed services in the Czech Republic, with possible expansion in Central Europe.

About the Company:

iCom Vision Holding, a.s. is a company that combines Internet and mobile technologies. It implements marketing communications for its customers through mobile technologies and online media. It focuses mostly on development and operation of applications for mobile phones and online media. The company was established in 2002. Cooperation with a strategic investor, ANECT a.s., specialising in communication and information technologies, started in 2006. iCom Vision has received a number of prestigious awards for innovations related to mobile application development.

Major Awards Won:

2003 MMS TOP 2003 Award for the best application for mobile phones

2004 Second place in the Creative Mobile Award for the MMS Fotolab application

2005 First place in the Creative Mobile Award and The Best Mobile Solutions 2005 for the MMS Maps application

2007 Finalist in the Creative Mobile Award for a mobile reservation system for the International Film Festival in Karlovy Vary

Listing iCom Vision Holding, a.s. on the NewConnect market was arranged by CMS ProAlfa, authorised advisor for NewConnect (www.cms-proalfa.pl). The market animator of NewConnect is CYRRUS, a.s. on a contractual basis (www.cyrrus.cz).

Useful contacts:

Media representative:

Petr Kapalín

INTENSITY

+ 420 777 025 771

petr.kapalin@intensity.cz

Stock subscription agent for the Czech Republic:

Jan Procházka

CYRRUS

+ 420 221 592 371

prochazka@cyrrus.cz

Authorised advisor for NewConnect: