GeoSentric Oyj - Company Announcement

GyPSii signs new agreement for access to China Mobile subscribers

GEOSENTRIC OYJ	BULLETIN 	August 26, 2008 at 10:00                               

GyPSii signs new agreement for access to China Mobile subscribers               

Deal with MyNet opens GyPSii up to 480 million+ China Mobile subscribers        

GeoSentric Oyj's (NASDAQ OMX:GEO1V), GeoSolutions BV Business Unit (GyPSii), the
market-leading mobile digital lifestyle application and geo-mobility social     
networking platform, today announced that it has signed an agreement with       
Nanjing MyNet Ltd to make the GyPSii mobile social networking platform available
to customers of China Mobile, the world's biggest mobile phone operator by      
subscriber numbers.                                                             

MyNet provides mobile services and applications to China Mobile's 480 million+  
subscribers. The agreement with GyPSii means that MyNet will offer the full     
suite of GyPSii location and mobile social networking features and services to  
China Mobile customers.                                                         

The agreement has provisions for GyPSii to share revenues based on current      
business models for mobile social networking that provide a highly flexible and 
wide range of revenue streams, including both subscriptions and advertising     
revenues as the market evolves and matures."

“We're very pleased to offer the GyPSii set of applications for mobile users in 
China to access and use via China Mobile WAP distribution channels,” said Yang  
Guang General Manager of Nanjing MyNet Ltd. “We're confident that GyPSii will be
very popular with our customers, enabling them to communicate with others,      
capture, record and share moments as they happen, and connect with their        
surroundings wherever they are, in new and fun ways.”                           

GyPSii is the only mobile centric application on the Chinese market to uniquely 
incorporate a broad range of location-specific functions and mobile lifestyle   
services - including user generated content, content-sharing, mobile content    
search and social networking, as well the ability to view it all on a map - in a
single platform. Using GyPSii, users can access and enjoy “real-time” mobile    
features on their device, such as “Locating Friends” and sharing information on 
nearby point of interests, including places - restaurants, bars and clubs -     
contributed by friends and fellow GyPSii users.                                 

GyPSii's PlaceRank™ technology will be utilized to deliver highly contextual and
personally relevant user generated content, regional POI (points of interest)   
and location-targeted advertising to users.                                     

“We're delighted to add MyNet and China Mobile as a partner in China,” said     
GyPSii CEO Dan Harple. “This new relationship expands GyPSii's reach deep into  
the Chinese mass market accessing the largest global subscriber base, and       
represents yet another material deal for GyPSii. With our growing global        
footprint, our extensive language support, and our unmatched infrastructure and 
resources worldwide, GyPSii is blazing a trail in the fast-growing market at the
intersection of geo-location and mobile social networking.”                     



About GeoSentric Oyj (GyPSii)                                                   
GeoSentric's GyPSii is the market-leading mobile digital lifestyle application  
and geo-mobility social networking platform: connecting people, places and      
communities across networks and devices. GyPSii provides a geo-location social  
networking platform and services for mobile and web Internet-connected devices. 
Based in Salo, Finland and Amsterdam, The Netherlands, GeoSentric operates      
offices in North America, Europe and Asia Pacific. GeoSentric is listed on the  
Nordic Exchange (NASDAQ OMX: GEO1V). For more information, visit www.gypsii.com 
or www.gypsii.com.cn                                                            
© 2008 GyPSii Inc. All rights reserved.                                         


The GyPSii related marks, images and symbols are the exclusive properties and   
trademarks of GyPSii. All other brands, product names, company names, trademarks
and service marks are the properties of their respective owners.                
Contact for Press                                                               
Dave McCann/Alex Sowden                                                         
The CC Group                                    
+44 (0) 118 9207650 
gypsii@the-cc-group.com 

About MyNet                                                                     
Nanjing MyNet Network Information Ltd. a wholly owned subsidiary of Entel Media 
Co., Ltd., is a new media company focused on the platform development of        
wireless applications and mobile media services. The company's Rich Media       
strategy is based on an integrated approach of delivering advanced mobile       
communication technologies, powerful CRM system, and strong interoperability    
ability of handset resources. MYNET is committed to building the most unique    
mobile integrated media platform in China, combining services, applications and 
business models. www.entel.com.cn                                               

Press contract:                                                                 
Fu Yang                                                                         
Email: fuyang@entel.com.cn                                                      
Mobile: +8613910963371