JUM Jumpit

RNS Number:3494O
Jumpit ASA
20 December 2006

JUMPIT ASA



Oslo, 20 December 2006, Letter to Shareholders




I took over as the CEO of the Company one month ago and since then I have been
continuing my work to close sales and distribution deals at an international
level.



It has been a challenging year; however we have been through a significant cost
reduction programme which will take full effect from 1st quarter 2007.



As previously announced, our distribution and sales in the USA have not met our
expectations. However, we can already now see the results of our transactions
from this autumn in terms of higher revenues in both November and December.
Further to that, we hope that our previously announced Co-Marketing Agreement in
Japan will soon materialise into tangible sales.



Summary of existing market activities;



Russia



As previously announced, we entered into an agreement with a Russian distributor
who is expected to sell and distribute our products in the CIS region. They have
already signed agreements for deliveries with large retail chains in Moscow, and
our first delivery of products will take place in January 2007. This applies to
both disposable back-up batteries (mobile) and for the Multi Charger. We
consider the sales potential in Russia to be interesting in terms of volumes,
and Jumpit has also received its final approved patent for the disposable
back-up batteries in Russia.



UK



Our UK distribution partner has now marketed our products in England for the
last 6 months. The development shows increased volume every month, and we
believe that the UK market has significant potential for 2007.



Middle East



Our local partner, i2 Mobile (Itsalat International Co.) which has
representation in 18 countries across the region, has already received their
first order of 100,000 batteries. The outlook for 2007 is positive and i2 is
expected to penetrate the market in these countries.



Scandinavia



Jumpit is currently present in Norway, Sweden and Denmark, mainly through its
cooperation with the Reitan Group outlets; Narvesen, 7-Eleven and Pressbyran.
The sales from these outlets have shown a positive development although Jumpit's
marketing effort and resources have been minimal in terms of advertising and
promotion towards the end consumers. We are continuing to work to develop the
sales channels to increase volumes.



Strategy



In order to optimise our financial position, we have chosen to outsource all
distribution of our products from January 2007. We will put our effort and focus
on identifying and closing deals with independent distributors in the markets we
wish to enter. We have already identified new markets across Europe with
significant potential.



Based on daily feedback from our existing distributors, we believe that our
products have a potential for significant sales increase. To that end we are
able to build a cost efficient organisation with the main focus on sales.



The directors intend to issue a quarterly update letter to inform shareholders
about the Company's development and market activities.





For Jumpit ASA


Morten Hansson, CEO



                                               - ENDS -



Enquiries:
Jumpit                      Morten Hansson, Chief Executive Officer          + 47 67 82 70 40

Hanson Westhouse            Bill Staple                                      020 7601 6100
                            Martin Davison
Cardew Group                Tim Robertson                                    020 7930 0777
                            Emma Consett












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