| Atlanta, GA, December 18, 2003 | |||||||||||||||||||||
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| Caymus Partners LLC Provides Financial Advisory Services to i3 Mobile, Inc. | |||||||||||||||||||||
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About i3 Mobile i3 Mobile distributes customized text-based information to mobile devices under the “Powered by i3 Mobile” product brand. In addition, the Company offers premium mobile subscription information and communication services for telephones. This service, Pronto, was marketed directly to consumers delivering information and service on demand 24 hours a day, combining the service of a mobile concierge with voice recognition technology.About Caymus Partners With offices in Atlanta and New York, Caymus Partners is a leading middle-market investment banking firm, providing merger and acquisition advisory services, private placements and other financial advisory services. Combined, the firm's senior bankers have more than 65 years of experience and have closed over 250 transactions. More information can be found at www.caymuspartners.com. |
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Caymus Partners LLC is pleased to announce that it has successfully completed a fairness opinion for i3 Mobile, Inc. (Nasdaq: IIIM) (“i3 Mobile” or the “Company”) with respect to the Company’s merger with ACE*COMM (Nasdaq: ACEC), a provider of telecommunications services to large businesses. Caymus Partners presented to i3 Mobile’s board of directors a summary of the transaction, the size and type of consideration, as well as a detailed overview of the valuation methodologies employed. Caymus Partners determined a valuation range of the transaction and provided an independent fairness opinion letter. Caymus Partners was the exclusive advisor to the Company.3490 Piedmont Rd NE, Suite 1040
Atlanta, GA 30305
(404) 995-8300
17th Floor
New York, NY 10022
(212) 755-3600
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