We develop and market services and software that enable wireless carriers, cable companies and other communications companies to deliver digital entertainment to their consumers. As innovators in the delivery of digital entertainment, we are creating new ways for these businesses to provide their customers with media whenever and wherever they want it.

We are increasingly focused on providing application services to wireless carriers, which delivers recurring revenue streams. We also provide packaged streaming software and systems integration services to businesses around the world.

Our application services include:

Ringback tones: RBT services enable callers to hear music while waiting for the subscriber to answer. The subscriber choses music that will be heard by his or her callers. Very popular in certain Asian countries, the popularity of ringback tones is now growing in the Americas and Europe as well. In 2008, we introduced multi-media ringback tones, brining the power of video to this personalization service. We offer a high-quality hosted solution, which is deeply integrated with our customers' networks.

Music On Demand: Our MOD service allows carriers to enable their subscribers to listen to and download music to their mp3-enabled mobile phones and associated PCs.

Video On Demand: Our VOD service allows mobile carriers and other telecom providers to enable their subscribers to view a wide range of video clips by downloading of streaming to certain video-enabled mobile phones.

Messaging: We provide an inter-carrier messaging service that routes and delivers SMS messages between wireless carriers.

TPS services' growth has been a function of quality services we provide to carriers and the underlying rapid growth of mobile devices and 3G networks worldwide. From 2003 to 2007, the number of worldwide mobile service subscribers nearly tripled, and 3G network subscribers increased 30-fold. As the cellphone has become the most common digital device in consumers' purses and pockets, and as its utility and versatility has increased, our business has benefited.

For more information on TPS services, see www.realnetworks.com/products.