US : Technoprises Ltd. entered into an agreement with CelluCast Technologies Ltd. to commercialize new and improved solution and applications for cellular network operators in the field of mobile television broadcasting.

CelluCast's breakthrough scalable solution provides TV and video data channels for existing 2G and 3G Network Operators infrastructure and outperforms DVB-H, ISDB-T, T-DMB, S-DMB and other solutions with comparable results without investments for base stations and separate frequency bands. The solution promises to dramatically alter the mobile content value chain and the relationships between Network Operators, Video Data Producers and End Users.

Under the agreement reached with the owner of the CelluCast solution, Technoprises currently has a non-exclusive license to the CelluCast solution and has been granted an option, exercisable within the next 3 months, to secure exclusive rights upon the payment of specified amounts, for cash payments of EUR 7.9 Million Euros and specified royalty payments. Under the agreement, the licensor, upon the occurrence of specified transaction milestones, will be entitled to shares of Technoprises.

Doron Ekron, President of CelluCast Technologies Ltd. said: "We chose to use Technoprises' marketing potential for CelluCast breakthrough broadcasting solution for worldwide regional markets. This partnership will push and revolutionize the broadcasting market - by outstanding technological know-how of CelluCast and marketing abilities of Technoprises."

Prosper Abitbol, Chairman and CEO of Technoprises said: "The Mobile TV market growth is phenomenal and this agreement is the most important opportunity for Technoprises Ltd this year. CelluCast's solution provides us with the ability to be a player at this new coming market.

This is also an amazing way to leverage the skills of our subsidiary Tegrasoft and its more than 80 points of sales worldwide. Tegrasoft - a global service provider of hardware and software achieved $1.580 Million Sales in May 2005 and $7.107 Million since the Beginning of the Year."

About Technoprises

Technoprises is a global provider of Computer Services, Communication equipment, Software and programming. It provides communications solutions, broadband applications and developing Content Management Software.