News Release

Abukai Teams With Verizon Wireless To Distribute Abukai Expenses™ In V CAST Apps

App Gives Customers a Quick and Easy Way to Create Expense Reports

For customer inquiries, please call 800-922-0204 or go to
Contact Us

June 8, 2011

Debra Lewis
Debra.Lewis@VerizonWireless.com
908-559-7512

Michelle Marin
press.services@abukai.com
646-670-7441

BASKING RIDGE, NJ, and SAN FRANCISCO, CA — Verizon Wireless and ABUKAI today announced ABUKAI Expenses™ is now available in V CAST Apps, Verizon Wireless’ mobile applications storefront.

“To have ABUKAI Expenses included in V CAST Apps and available through the Verizon Wireless Online Media Store is a privilege and a distinction for ABUKAI,” said Philipp Schloter, president and chief executive officer of ABUKAI.  “The app gives Verizon Wireless customers an efficient way to access and experience ABUKAI Expenses’ unique and highly productive benefits.  ABUKAI Expenses routinely saves users more than 60 minutes per expense report.  Multiply that by the number of reports a company generates and an hourly pay rate, the productivity improvement generated becomes clear and shows how important having a smartphone can be for any employee.”

Unlike other expense report offerings, users do not “key” information into mobile devices or computers.  With ABUKAI Expenses, capturing and recording expenses is a simple two-step process: customers simply take pictures of their receipts while on the road or in the office using the camera function on their Verizon Wireless smartphones.  Once all of the receipts have been captured, customers push “Submit” in the application, and ABUKAI automatically creates their expense reports – complete with cost categorization, date, vendor and other required information.  In addition, a PDF document with copies of the receipt images is provided with each report.

For corporate account customers, ABUKAI offers the option to customize the expense report output based on customers’ existing format or to input expense data directly into existing expense management or accounting systems.

V CAST Apps, available on select Android™ smartphones and BlackBerry® devices, including ThunderBolt™ by HTC, DROID PRO by Motorola and Samsung Fascinate™, delivers thousands of apps, games and more to Verizon Wireless customers.  V CAST Apps lets customers discover, purchase and use apps with a simple one-click process and offers the ease and convenience of direct billing – apps purchased are invoiced on customers’ monthly Verizon Wireless bills.

Verizon Wireless customers with V CAST Apps on their device can download ABUKAI Expenses from V CAST Apps in the Business Apps channel under the Finance subcategory.  There is no charge for downloading ABUKAI Expenses application or for the first three expense reports each consisting of 10 expense items or fewer.  Additional individual account and corporate account options are available through ABUKAI at http://abukai.com/buy.  Download charges vary and airtime or megabyte charges may apply when browsing, downloading and using certain applications.

For more information about ABUKAI, visit http://abukai.com.  For information on how to become a member of the Verizon Developer Community, visit http://developer.verizon.com.  For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to www.verizonwireless.com.  

About Verizon Wireless
Verizon Wireless operates the nation’s fastest, most advanced 4G network and largest, most reliable 3G network. The company serves 104 million total wireless connections, including more than 88 million retail customers.  Headquartered in Basking Ridge, N.J., with 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD).  For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

About ABUKAI
ABUKAI is revolutionizing how companies conduct business, by providing ACTIONABLE BUSINESS PRODUCTIVITY solutions based on new business thinking and supported by the latest technology.  ABUKAI designs and delivers innovative solutions that significantly improve the productivity of companies and their employees while rapidly delivering ROI.  ABUKAI’s first commercial service, ABUKAI Expenses, substantially reduces time and effort required to complete expense reports and increases reporting accuracy by leveraging the power of mobile communications applications technology and networks.  ABUKAI Expenses is deployed at several corporate customers and has been reported to reduce time required for expense report creation by over 80%.

ABUKAI was recently named one of the top 10 companies to watch at GSMA’s Mobile World Congress, the largest and most prestigious telecommunications industry conference with over 50,000 participants. For more information about ABUKAI, visit http://abukai.com.

ABUKAI, ABUKAI Expenses, ACTIONABLE BUSINESS PRODUCTIVITY and the ABUKAI logo are trademarks of ABUKAI, Inc. in the United States and certain other countries

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. All other trademarks are the property of their respective owners.

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