Dwango Wireless Gets Private Financing Deal

February 4th, 2005

Dwango® North America Corp. (OTCBB:DWGN), a developer and publisher of wireless entertainment content, applications and Mobile Lifestyle Brands, announced today that it has successfully completed the sale of approximately 15,000 shares of Series D convertible preferred stock and warrants to four investor groups in a private placement for gross proceeds of $15 million. Wedbush Morgan Securities served as sole placement agent for the offering.

“This financing allows us to continue the strong growth we are experiencing and to enhance our presence in the mobile arena. We see significant opportunities to develop and acquire additional content as well as to expand our distribution channels,” said Rick Hennessey, CEO of Dwango Wireless.

Entry Filed under: 3G Services,Mobile Phones

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