MOBIDIA COMPLETES $9.5M INVESTMENT

Second and Final $2,000,000 Tranche Now Closed.

Vancouver, BC,   July 04, 2008

Mobidia Technology, Inc. is pleased to announce that further to its May 07, 2008 news release, it has completed a $9,500,000 round of financing which involved a first $7.5M tranche that closed in May, as well as a second and final $2M tranche that closed this week as a result of the very strong interest in the offering.

“We would like to thank our shareholders for their continued support and belief in our ability to execute on our business plan to revolutionize the monitoring, control and efficiency of wireless networks worldwide,” stated Derek Spratt, President & CEO of Mobidia. “With multiple successful tier 1 wireless operator trials of our .wave platform now completed, we are focusing on developing commercial relationships with operators and OEM partners.”


About Mobidia Technology Inc.

Mobidia Technology, Inc., develops and sells IP traffic management software for monitoring, managing, and monetizing wireless data streams to and from smartphones and laptops. The company's innovative and award-winning, .wave™ (dot wave) solution enables wireless operators to enhance their mobile data network by understanding and managing their user data streams on a per application, per service, and per network basis. Mobidia is headquartered in Vancouver, British Columbia. For more information, visit www.mobidia.com or call (604) 304-8640.

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Mobidia is a service mark of Mobidia Technology, Inc.

Mobidia Technology, Inc.
Sales Contact:
Allan Larmour
VP of Business Development
Email: al.larmour@mobidia.com
Phone: +1 604.304.8640 Ext. 100

Media Contact:
Jill Koehler
Email: jill.koehler@mobidia.com
Phone: +1 604.304.8640 Ext. 136

For all other inqueries about Mobidia Technology, Inc., please call +1 604 304 8640, fax +1 604 304 8447, or email via info@mobidia.com. For additional information, visit www.mobidia.com.