SmartServ Signs Stock Purchase Agreements With nReach And Mobile Airwaves.

Business Editors/High-Tech Writers

PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--Jan. 30, 2004

SmartServ Online, Inc. (OTC: SSRV) announced today that it has executed stock purchase agreements to acquire nReach, Inc. and Mobile Airwaves, Inc. The closings of these acquisitions are subject to several conditions as described below.

nReach is an early-stage wireless content distribution company that sells a broad portfolio of popular mass-market cell phone content including ringtones, games, and on-device graphics - both direct to consumers and through wireless carriers. If the acquisition is successfully completed, nReach could provide SmartServ with direct access to a large consumer base through existing marketing agreements with large retailers including Best Buy, RadioShack and CVS.

Mobile Airwaves, an early stage enterprise software company, provides a server-based solution that enables wireless connectivity to email and personal information management data residing in corporate groupware applications, desktop and network based files and folders, and other enterprise applications from practically any data-enabled mobile device and over most wireless carrier networks. Developed to meet demanding enterprise requirements, Aqivo has been implemented by both federal agencies and large commercial enterprises. Upon a successful acquisition, SmartServ envisions the addition of Aqivo's e-mail enabling technology to SmartServ's suite of 'bundled' products targeting individual users that want wireless access to e-mail accounts from mobile devices.