SBEI Sbe (MM)

Neonode, a Swedish developer of mobile devices and a pioneer in buttonless, touchscreen mobile phones, announced an order for the new Neonode N2 from MyPhone in Greece. Neonode recently signed a distribution agreement with MyPhone, a distributor of mobile phones, Bluetooth accessories and mobile enhancements in Greece, Cyprus and south-eastern European countries. MyPhone also has well-established cooperation agreements with local mobile networks and retailers in all its markets. �The Neonode N2 is the latest addition to MyPhone�s portfolio of innovative models. Through this distribution agreement, MyPhone is aiming to spread the news of such next generation products by diffusing the new, unique and pioneering Neonode N2 mobile phone across the south-eastern European market,� says Panos G. Skarpelis, Managing Director of MyPhone. Neonode recently showcased its new mobile phone, the Neonode N2, at the 3GSM World Congress in Barcelona to critical acclaim. The first shipment for MyPhone's order is planned for this spring, with continuous deliveries during the rest of the year. �With MyPhone, we have a competent partner that knows its market well. The order is another confirmation of the huge interest in the market for designed mobile phones with touchscreen. We see several business opportunities after the successful launch of Neonode N2 during the 3GSM World Congress, where MyPhone is one that now is firmly in place,� says Tommy Hallberg, CEO of Neonode AB. About Neonode Neonode AB was founded in 2001 and is a Swedish developer of mobile devices. The mobile devices are based on patented technologies which enable a unique design and user experience. The devices are also based on an open and upgradeable platform which minimizes the need to constantly update the hardware. Neonode Inc. has recently announced the execution of a definitive merger agreement with SBE, Inc. a publicly-traded company (NASDAQ:SBEI). After shareholder approval of the merger, the combined company's headquarters will be in Stockholm, Sweden, where Neonode's current corporate headquarters is located. About MyPhone MyPhone is a commercial company founded in 2005. The company�s prestige headquarters are located in Maroussi, the most buzzing hi-tech business district of Athens, where all the telecommunication companies are located. The purpose of the company is the representation and distribution of mobile phones, Bluetooth accessories and mobile enhancements for Greece, Cyprus and south-eastern European countries. MyPhone is cooperating with all three Mobile Network Operators (MNO) in Greece and the major MNOs of south-eastern Europe. Moreover, the company has a well established distribution channels through all the leading high street retailers of these countries with over 1000 outlets.