GMO Gmo

RNS Number:0376U
GMO Limited
30 March 2007


Press Release                                                     30 March 2007





                                  GMO Limited

                             ("GMO" or the "Group")



Option to acquire 80% equity interest in Wisdom Choice Investments Ltd ("WCI").
                            ("Proposed Call Option")



GMO Limited (AiM:GMO), a leading provider of proprietary wireless value-added
services ("WVAS") currently focused  on China, announces that it not be
exercising the Proposed Call Option with Wisdom Choice Investment Limited ("WCI
").  This announcement follows statements dated 15 November 2006, 29 September
2006, 9 February 2007 and 22 January 2007 in relation to the proposed
acquisition of a 20% equity interest in WCI ("Proposed Acquisition").





                                     -Ends-



For further information:
GMO Limited
Eugene Goh, Chief Executive Officer                          Tel: + (0)7786 787 005
eugene@gmoglobal.com                                         www.gmoglobal.com


Corporate Synergy Plc
John Wakefield / Mike Coe, Corporate Finance               Tel: +44 (0) 117 933 0020
Jwakefield@corporatesynergy.co.uk                          www.corporatesynergy.co.uk



Media enquiries:
Abchurch
Chris Lane/ Georgina Bonham                                  Tel: +44 (0) 20 7398 7700
georgina.bonham@abchurch-group.com                           www.abchurch-group.com








Notes to Editors





GMO Limited is a leading provider of wireless value-added services in China.
GMO's technology enables mobile phone users to receive and transmit text, images
and other forms of digital data or voice content via their mobile handsets.
Examples include interactive voting, gaming, mobile entertainment, information
and transaction based services.



GMO's proprietary technology platform, the SonTouche Platform ("STP"),
facilitates the transfer of content received from mobile content providers into
a format capable of being delivered to the customer's mobile handset.  This data
transfer occurs regardless of network type, operation standards or format of
content and enables cross network services and applications.



GMO is currently focussed solely on China, having identified China as the
world's largest market for Wireless Vale Added Services (WVAS) to mobile phone
users . Through a joint venture agreement with HX Beijing ("HXB"), GMO engages
in the research and development, and provision, of WVAS in China.  HXB has in
place contractual commercial relationships with each of the four mobile
operators in the majority of the 31 provinces in China.



Since joining AIM in September 2006, GMO has expanded further into interactive
media entertainment through the acquisition of an interest in 20 per cent of
Wisdom Choice Investments Ltd. ("Wisdom Choice").  Wisdom Choice is the
exclusive service and technology provider of ColorComm Software Technology Group
("ColorComm"), a market leader in WVAS and an interactive media company in
China.



GMO, headquartered in Beijing, was formed in November 2005 by three companies
that are currently listed on MESDAQ, the securities market operated by Bursa
Malaysia:  Green Packet Berhad, mTouche Technology Berhad and OSK International
Ventures Berhad, a leading venture capitalist.



GMO Limited listed on the AIM market of the London Stock Exchange on 6 September
2006 under the symbol GMO.L.



For further information on GMO Limited, please go to www.gmoglobal.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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