JUM Jumpit

RNS Number:4147I
Jumpit ASA
04 September 2006


                                Jumpit ASA

                              Trading Update

The Directors of Jumpit ASA ('Jumpit' or the 'Company'), the developer of power
solutions for handheld devices,  announce that results for the year ended 31
December 2006, will be below market expectations.

Trading has been impacted by two factors which may continue to have an adverse
affect. Firstly, sales via one of its  distributors have not met expectations
leading to a lack of visibility in terms of revenue.

Secondly, due to the longer than anticipated time required by Jumpit's other
distributors to test market the products  and place orders, the consequent
revenue stream has been disappointing. Further to this, the sales agreement
announced  on 22 May with Asbosco LLC has failed to materialise. Jumpit has not
delivered any products to Asbosco.

As a result of these factors the Board has taken a more cautious view of
achievable revenues for the full year.

In spite of the challenging short term outlook, the Board is confident in its
ability to negotiate attractive sales and  distribution agreements and to
develop its pipeline of rechargeable products. Jumpit is currently engaged in a
number  of initiatives, which over the long-term will have a positive impact on
the Company. The Directors remain positive in  terms of the market opportunities
and future consumer appetite for its products and believe that there is
significant  future potential and value in the Company.

After 6 months of market research, Itochu Corporation has signed a marketing
agreement with Jumpit. Itochu Corporation  is a global Japanese business
operating throughout 80 countries worldwide, with annual revenues amongst the
world's  largest corporations of any type.  Whilst this agreement will initially
apply for a period of 2 months only, it allows  Itochu to test launch Jumpit's
products in Japan where there are 97 million phone users, and where
approximately 49  million mobile phones were sold in 2005. Itochu Group believes
that Jumpit's products have considerable market  potential.

The Company will report its interim results on 22 September 2006.

END

Enquiries:

Jumpit               Petter Kleppe, Chief Executive    + 47 48 16 89 90
                     Officer

Hanson Westhouse LLP Bill Staple                       020 7601 6100

                     Anita Ghanekar

                     Martin Davison
Cardew Group         Tim Robertson                     020 7930 0777

                     Sofia Rehman




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

END
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