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SANOODI SECURES $700,000 IN ANGEL FINANCING

Social media company for people that enjoy an active lifestyle announces completion of seed funding round

BANGOR, UK. -- June 18, 2007 -- Sanoodi (www.sanoodi.com ), an internet and mobile social network for people on the go, announced today it has closed an initial seed funding round of  $700,000 from a number of private investors in the United Kingdom, the United States and Switzerland. The initial investment will be used by Sanoodi to launch its mobile phone GPS platform and to expand its business development activities.

Today, Sanoodi offers its users a simple and easy to use website that allows them to enter their favourite routes, attach photos with other information from their routes and share this among like minded people anywhere in the world in areas such as competitive or fun pursuits in sports, travel and other interests. Usage patterns for Sanoodi's early pre: launch site show that users come back frequently with over 50% of users now coming from North America. Sanoodi plans to integrate its present Web 2.0 solution with GPS enabled mobile phones, such as the new Nokia N95, to enable its users to share their experiences with others by using their mobile devices in new ways and on the move.

"Our focus is enabling users to share their total experiences of their active lifestyles with others who share these same interests, anywhere in the world”, said Rhys Jones, CTO of Sanoodi.

Sanoodi also announced that Rhys Davies has joined the board of directors as Chairman. Rhys Davies is an experienced media investor and serves as a Non-Executive Director of two publicly traded media companies, Tinopolis PLC and The Local Radio Company PLC .

Rhys Davies said: “As an ambitious company this investment will enable us to extend our offering to take advantage of the arrival of GPS technology in a growing number of mobile phones and other devices, and to accelerate our business development activities in new markets.



About Sanoodi:

Sanoodi is a social media company for people that enjoy an active lifestyle,

Sanoodi’s vision is to improve its users’ enjoyment of an active lifestyle by enabling them to Capture, Contextualize and Share information related to their activities and travels.

Sanoodi combines the user-submitted, user-rated content aspect of social networks, with the innovative presentation of location and other data on web-delivered maps and satellite images.

Highlights of Sanoodi’s functionality are:

•    Best-of-breed mapping, route drawing and elevation capabilities uniquely incorporating user selectable mapping options from either Google Maps, Microsoft Maps or Yahoo Maps;
•    Integration with other Web 2.0 applications such as Flickr and Twitter;
•    Integration with GPS enabled mobile phones such as the new Nokia N95.

Sanoodi was formed in February 2007 by Dyfan Williams and Rhys Jones both with a strong record in software development as co-founders of Accountis PLC, a privately held software company specializing in electronic invoicing and payment services, and Rhys Davies an experienced media investor and a Non-Executive Director of Tinopolis PLC and The Local Radio Company PLC.  

The meaning of Sanoodi:
Sanoodi / sanu. / shortened from the French ca nous dit, “we really feel like doing”

For more information visit www.sanoodi.com .

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