CARY–Mobile Reach International Inc. (OTC: MBRI), closed its merger and share exchange announced May 15, 2003.

As of the close of business July 30, 2003 the new company will be known as Mobile Reach International Inc. headquartered in Cary, North Carolina with European offices in Munich, Germany.

As of August 1, 2003, Mobile Reach has filed a legal name change to Mobile Reach International, Inc., in addition to a requested symbol change with the National Association of Securities Dealers and Over the Counter Bulletin Board at NASDAQ.

As a result of this transaction, former shareholders of Mobile Reach will own 82% of fully diluted shares of the new public company.

Asphalt Paving Inc. shareholders own the remaining 18%.

Mobile Reach International operates two divisionsMobile Reach Technologies and MRS – Mobile Reach Solutions, a technology development division and professional services group respectively. Both sell and implement custom software applications for wireless networks and mobile devices used by enterprise.

The Harmony mobility platform is Mobile Reach’s flagship product. It enables full wireless extension of core server-based applications not originally designed for the complexities of wireless technologies. It connects older, legacy systems to wireless devices.