News Release

Verizon Wireless Customers Tame Water and Catch Air With AquaX Game From dwango wireless

AquaX by dwango wireless Now Available on Get It Now

February 3, 2004

Jeffrey Nelson
Jeffrey.Nelson@VerizonWireless.com
908-306-4824Jessica Kuhn
Dwango North America Corp.
jessica@dwango.com  
713-914-9600

Nathan Guitrau
Pennino and Partners for dwango wireless
nathan@penninoandpartners.com
512-334-5124

BEDMINSTER, NJ and HOUSTON, TX — Verizon Wireless, operator of the nation's largest and most reliable wireless network, today announced that Get It Now® customers can race through the water doing barrel rolls and double flips with the personal watercraft game AquaXTM from dwango® wireless, a leading developer and publisher of wireless applications and technology. With AquaX, players can earn points for speed, difficulty of tricks or a combination of both in 18 challenges set in six exotic locations.

The release of AquaX follows the recent launches of dwango's STAR EXCEEDTM and dwango RacingTM games for Verizon Wireless Get It Now customers. Get It Now from Verizon Wireless is a virtual store with hundreds of applications available for download over the air — without hooking up to a PC or visiting a Verizon Wireless Communications Store.

AquaX players enjoy exciting, realistic high-speed action as they try impressive tricks like airwalks, 360º spins and Nac Nacs on their personal watercraft. Players must pass the time trial, trick challenge and combination run to advance to the next level, with a total of six levels.

"The realistic watercraft physics and water effects in AquaX make you feel like you're physically catching air and performing extreme tricks," said Robert E. "dwangobob" Huntley, founder and chief executive officer of Dwango North America Corp. "We're pleased to now be offering Verizon Wireless customers three unique, exciting games that illustrate dwango's advanced wireless gaming capabilities."

"With AquaX, dwango wireless has once again introduced a thrilling game that is sure to keep our customers racing, and taming waves, for hours," said Ray Taylor, director of product development of wireless Internet and multimedia services for Verizon Wireless. "This and other recent games from dwango wireless help us offer Get It Now customers a comprehensive library of advanced mobile games right on their phones."

Download charges for Get It Now applications vary and airtime charges apply when browsing, downloading and using certain applications. Get It Now customers can download a free two-minute demo of AquaX or pay $3.25 for unlimited use access. Customers need a select Get It Now-enabled handset and Verizon Wireless digital service to access the Get It Now virtual store.

Get It Now phones are available in more than 1,200 Verizon Wireless Communications Stores, at participating Circuit City and RadioShack locations, and on the Web at www.verizonwireless.com.  For more information about Get It Now, visit www.verizonwireless.com/getitnow.  

About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 37.5 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com.  To receive broadcast-quality video footage of Verizon Wireless operations, log onto www.thenewsmarket.com.  

About Get It Now
Get It Now from Verizon Wireless puts a virtual software store inside a wireless phone. Customers with Get It Now-capable phones can download applications over the air and purchase them from their phones. getTXT, getIM and getEMAIL help customers stay in touch and communicate with others. getGAMES keeps customers entertained, while getGOING applications, made for today's mobile lifestyle, offers restaurant location services with maps, directions and more. View and share digital photos with getPIX, check out Web cams with getFLIX or identify incoming callers by assigning a unique ring with getTONES. getALERTS keeps customers informed while getBROWSING lets them access the Web from their wireless phone.

About Dwango North America and dwango wireless
dwango wireless, a division of Dwango North America Corp. (OTCBB: DWGN), develops and publishes wireless applications for users of next generation wireless devices. In addition to publishing its own content, dwango publishes licensed content from third parties for distribution through its channels. Dwango North America Corp. holds an exclusive license within North America for all the wireless intellectual property (including software, technology, content and trademarks) of Dwango Co. Ltd., one of the leading providers of entertainment content for NTT DoCoMo's i-mode service, the largest wireless data service provider in the world. Dwango North America has an extensive library of games and ringtones, providing dwango with a strong foundation to establish a leadership position in the wireless entertainment market. For more information on Dwango North America and dwango wireless, please visit www.dwango.com  or call 713.914.9600.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the need to raise capital, the business of dwango, including the market for its products and services, the effect of government regulation and competition, and other material risks.

dwango is a registered trademark of Dwango Co., Ltd. AquaX, dwango Racing and STAR EXCEED are trademarks of Dwango North America Corp. Copyright © 2004. Dwango North America Corp. All Rights Reserved. Get It Now is a registered trademark of Verizon Wireless.

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