Released on: February 4, 2008, 8:29 am

Press Release Author: Koteret

Industry: Telecommunications

Press Release Summary: PeerBox Introduces Mobile Social Networking Technology to
Thousands of New Users per Month

Press Release Body: BEVERLY HILLS, California - February 4, 2008 - PeerBox by
Nareos, a popular mobile social networking service, today announced it has expanded
to the Ukraine through a deal with leading wireless application service provider,
Polygon Integration Ukraine Ltd., the owner of popular HitOnT and HitBoxT brands.
The agreement enables Polygon's hundreds of thousands of users in the Ukraine access
to the large catalogue of music, ringtones, videos and other licensed and
user-generated content available on PeerBox Mobile.

Through the PeerBox-Polygon partnership, Ukrainian mobile phone users will be able
to legally access all music and video content that is available on the global mobile
content platform, PeerBox. Users will also be able to watch, upload and share their
own pictures and videos through PeerBox, to see other users\' content and to even
earn money using the joint PeerBox-Polygon service.

"This partnership brings our vision of allowing mobile users, across the world, to
access and share unlimited content - one step closer to fruition," said Alexander
Lazovsky, CEO of Nareos. "Through this partnership, we introduce Ukrainian mobile
users to the world of PeerBox, providing users with new, interesting content that
has never before been available on their mobile phones."

Polygon possesses distribution rights for all major music content in the country,
including both international and domestic music, offering a legal solution that
enables PeerBox users to have unlimited access to the music files on its platform.

This deal comes on the heels of the recently announced partnership between PeerBox
and Metacafe, the world's leading online entertainment site.

PeerBox Mobile goes beyond basic social networking features, providing
entertainment, communication, and creative outlets to users anytime and anywhere
through their mobile phones. PeerBox Mobile's advanced technology, complete with
user-generated video and picture streaming capabilities, enables users to upload and
share unlimited content.

Through its relationships with Ukrainian carriers, Polygon has secured a revenue
share deal, in which data revenues produced will be split between each carrier,
Polygon Integration Ukraine Ltd. and Nareos.

Polygon Integration Ukraine Ltd. will be promoting the service through its
advertisement channels, and expects to bring over 100,000 registered users during
the first six months.

Evgeny Grabov, CEO of Polygon Integration Ukraine Ltd. said, "As the premier
wireless content provider to the Ukraine, we've identified PeerBox as the ideal
partner to bring our users a unique and exciting mobile value added service."

About PeerBox by Nareos

PeerBox provides a one-stop shop for mobile content, providing entertainment,
communication and creative outlets to users anytime and anywhere through their
mobile phones - all within a social networking framework. PeerBox Mobile's advanced
technology, complete with user-generated content sharing, download and streaming
capabilities, enables users to upload and share unlimited content. Established in
January 2005, Nareos Inc. is a privately held company, headquartered in Beverly
Hills, CA.

For more information, please visit

About Polygon Integration Ukraine Ltd.

Polygon Integration Ukraine Ltd. Is a content-provider of leading national Operators
of mobile communication, engaged in development of innovative types of content
services and SMS-services, aspires to introduce information services based on mobile
communication basis for business and entertainment, to perform convenient and
necessary services for every user. Polygon works with the best mobile content
developers and takes leading position in the field of sales and promotion of content
services on Ukrainian market.

For more information, please visit

Web Site:

Contact Details: Jason Silberman

PR Consultant

Koteret Public Relations

tel: +972-(0)3-6331540

mob: +972-(0)545359955

fax: +972-(0)3-5755887

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