announced today that as a result of a recent merger completed July 24, 2008, Single Touch Systems has acquired Single Touch Interactive, Inc., an innovator in mobile commerce solutions and award-winning developer of Abbreviated Dial Codes (ADC). Single Touch Systems common stock trades under the symbol "SITO". To date, the Company has generated revenue through the estimated 15.5 million calls made by consumers dialing Single Touch ADCs.
Through Single Touch's ADC platform, mobile consumers are able to dial short branded phone numbers, Abbreviated Dial Codes, and then interact with a brand and easily complete transactions by simply pressing their mobile phone keypad. Dialing 411 for information is an example of an ADC.

"Single Touch Systems ties Web, retail and wireless seamlessly together through our Abbreviated Dial Code platform. The mobile marketplace is now ready for companies such as ours and being public is a continuation of our aggressive expansion and development to support our growing customer base," said Anthony Macaluso, CEO of Single Touch Systems.

Single Touch contract partners and ADC customers include some of the largest consumer brands and retailers in the world. Single Touch helps content providers extend their reach beyond the television and PC screens, and create new mobile distribution channels for their branded content. Consumer goods manufacturers and service providers are using ADCs for targeted and relevant advertising campaigns, and innovative customer service applications that provide tangible benefits to their customers. Major retailers and online companies are working with Single Touch on mobile couponing and ways to link e-commerce to mobile devices.

About Single Touch Systems Inc.

Single Touch Systems Inc. provides wireless operators, consumer brands, and retailers with innovative mobile commerce delivery solutions. Single Touch enables consumers to engage their mobile phones as proxy wallets or brand/retail environments by simply dialing a short branded phone number, or Abbreviated Dial Code (ADC). Single Touch System's ADC platform is customizable to the needs of brands and retailers, creates whatever reporting is required, and facilitates operator direct billing for all services.

Information Source:    PRNewswire-FirstCall