MiMedia Holdings Ltd. announced a signed global Distribution Agreement (the "Agreement") with Orbic North America, LLC. Orbic is a leading mobile device manufacturer that operates and distributes globally in markets such as the US, Puerto Rico, India, Taiwan, China, Australia, Japan, UK & Germany. With a full line of mobility products, including smartphones, connected laptops, Mobile hotspots, wearables, and tablets, Orbic aims to offer consumers and businesses technology products with meaningful features that benefit and enrich lives through communication solutions.

Orbic distributes its product line either directly or via partnerships with leading telecom providers, like Verizon and T-Mobile in the US and other carriers around the globe. MiMedia is a next generation consumer cloud platform that partners with smartphone makers and telecom carriers globally to provide their consumers with a unique personal cloud experience that enables all types of personal media to be secured in the cloud, accessed seamlessly, across all devices and operating systems and at any time. As part of the multi-year Agreement, MiMedia will integrate its platform directly onto millions of Orbic's cross platform devices, including smartphones, tablets and laptops.

MiMedia's consumer cloud platform will provide Orbic with a churn-reducing product, deliver immediate market differentiation and enable multiple high-margin and recurring revenue streams.