SBEI Sbe (MM)

On Thursday the 5th of July Neonode will hold a global launch party of the new Neonode N2 mobile phone at Babae club in Athens together with MyPhone S.A., its distributor for south-eastern Europe with operators such as Vodafone and Wind as customers. About 800 people from the mobile phone industry, media and selected VIP�s will attend the party to celebrate the availability of the Neonode N2. The party also includes performances from artists such as Goin� Through. �We will celebrate the public availability of the Neonode N2 in south-eastern Europe with a grand party in the thrilling city of Athens. We are truly delighted that we could have the launch party in Greece since we have experienced tremendous interest for the product in this region of Europe,� said Tommy Hallberg, CEO of Neonode AB. Neonode showcased its new mobile phone, the Neonode N2, at the 3GSM World Congress in Barcelona to critical acclaim. The company was recently named to the annual FierceWireless �Fierce 15� list, designating it as one of the top wireless companies of the year. Based on their creativity and innovations in the marketplace, FierceWireless found Neonode to be amongst the �fiercest.� �We are very proud to be the host of Neonode�s global launch of Neonode N2. This as well as the general availability of the Neonode N2 in south-eastern Europe, is something we feel really worth celebrating,� said George Skarpelis, Chairman of MyPhone S.A. Neonode N2 will be available in south-eastern Europe this summer in selected shops. In addition, Neonode is currently finalizing distribution agreements for the Neonode N2 in the rest of Europe and other major markets. About Neonode Neonode was founded in 2001 and is a Swedish developer of mobile devices. The mobile devices are based on patented technologies which enable a unique user experience. Neonode Inc. has recently announced the execution of a definitive merger agreement with SBE, Inc. a publicly-traded company (NASDAQ:SBEI). After shareholder approval of the merger, the combined company's headquarters will be in Stockholm, Sweden, where Neonode's current corporate headquarters is located.