MIRS Begins Beta Tests of mPrest’s Drag and Drop Mobile Internet

[Tel Aviv, ISRAEL] Israeli mobile operator and Motorola Israel
subsidiary MIRS has begun beta testing mPrest’s technology, which allows
MIRS subscribers to drag and drop items from a Web page onto their

“We are cutting down the amount of clicks and starting off where the user
knows,” said Dror Daniel Ziv, vice president of marketing at mPrest, formerly
WapDwap. “Internet users have information sources that they have got used
to getting on their PC. Not all of it is relevant for the cellphone. Real-time
information is what we feel has the highest value.”

What users of mPrest’s personal consolidation platform can do is pick and
choose the bits of information they want on their cellphones, such as stock
quotes, weather and traffic reports or a daily horoscope.

Sitting in front of their desktop computer, they highlight the specific data on
any Web site, such as a Yahoo! stock page, and drag and drop it onto the
picture of their cellphone’s screen, which appears in a separate frame created
by mPrest’s browser plug-in technology.

The next time they log on through their cellphone, this piece of information is
there on the screen. If it is dynamic, like a stock price or traffic report, it is
automatically recognized as such and will be constantly updated, without the
user having to give specific instructions.

The organization of the information into different folders in the cellular phone
client application is also done on the PC through the browser plug-in.

Approximately 80 MIRS subscribers are testing the platform in Israel.

“We are getting feedback and planning to deploy [a commercial version]
soon,” said Ziv.

The business plan is to market the platform to mobile operators, either as an
ASP service hosted on mPrest’s servers or hosted on the operator’s servers.

mPrest also sees potential partnerships with companies that have a
wireless-ready Web site. If a subscriber is receiving information about snow in
the Alps, when there is enough snow he or she could then click through to a
Web page on their cellphone to book skiing holidays, for example.

With future releases of the technology, users will be able to request an alert
when the snow reaches a certain level or a stock hits a pre-defined price, for

Competitors include California-based PocketThis, which enables users to
right-click on a piece of information on the PC to add it to their mobile

mPrest was established in April 2000, and employs 23. The company is in
negotiations with mobile operators in Israel and Europe and is planning to
open offices in Europe shortly.

mPrest raised $4 million in July 2000 from Polaris Venture Capital, Chase
Capital Partners, Ampal America-Israel Corporation, SFKT and TechnoPlus
Ventures, and has begun a second round to raise $8-$10 million from existing
and new investors, with a focus on strategic investors.

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