NewRiver and Mobular Settle Patent Litigation

ANDOVER, Massachusetts, February 23, 2009 --- NewRiver, Inc. and Mobular Technologies, Inc. today jointly announced that they have settled the patent litigation between the parties and all issues surrounding NewRiver's United States Patent Number 6,122,635 for Mapping Compliance Information Into Useable Format. Mobular will cease and desist offering its mobileCompliance product in its current form. Remaining terms of the settlement are confidential.

NewRiver and Mobular declined further comment on the matter.

About NewRiver, Inc.
NewRiver develops innovative technology solutions that help financial leaders simplify investor disclosure - providing transparency and cost savings to the delivery of fund data and investor communications. Since 1995, the company has helped some of the world's leading financial organizations move from paper to electronic disclosure via an easy to use, cost-effective, managed service offering. NewRiver pioneered the first electronic prospectus, and is the only company to guarantee its data to be "compliance grade" which allows customers to reduce risk, lower compliance costs and increase revenues. Through a patent-pending, automated process NewRiver efficiently monitors 6 million data points from over 24,600 fund CUSIPs. Further, the company's unique "paperless" approach improves the investor experience while offering a real alternative to the environmental impact of paper-only delivery. Relied on daily by over 100 leading financial services firms, and millions of investors, NewRiver is a trusted and growing solution provider facilitating the transition from paper-based mutual fund information, to electronic. To learn more, please visit our website www.newriver.com or call 978-247-7200.