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November 23, 2009 10:12 AM ET
Communication Services
WeFi, Inc.

Company Overview

WeFi, Inc. operates as a community-based WiFi network provider. Its products include WeFi Mobile that enables users to connect to Wi-Fi; WeFi laptop software that provides an automatic connection and enables people to chat with other users; WeFi Web that shows where open Wi-Fi is available and where people are connected; and instant-messaging tools. The company provides an open broadband wireless network that automatically detects and qualifies Wi-Fi access points within range and connects to the spot with the Internet connection. WeFi, Inc. was formerly known as Contigo Mobility, Inc. The company was founded in 2006 and is based in Tel Aviv, Israel.

72 Pinchas Rosen Street

Tel Aviv,  69512

Israel

Founded in 2006

Phone:

972 3 769 9400

Fax:

972 3 769 9440

www.wefi.com

Key Executives

Chairman and Chief Executive Officer
Age: 51
Co-Founder and Vice President of Research & Development
Co-Founder and Board Observer
Co-Founder and Director
Age: 60
Co-Founder and Board Observer
Age: 44
Compensation as of Fiscal Year 2009.

Key developments for WeFi, Inc.

WeFi Inc. Joins Forces with Trustive Ltd. on Wi-Fi Network Expansion

WeFi Inc. and Trustive Ltd. announced that they have signed an agreement of cooperation in order to give WeFi users access to, Trustive's global network of 90,000 Wi-Fi hotspots. According to the agreement, Trustive's Wi-Fi hotspot network will be available to users of WeFi's software as part of a premium service called WeFi Premium Access Powered By Trustive, which will be launched before the end of 2009. Trustive's hotspots spread across 65 countries with the main concentration being in Europe and Asia will be highly beneficial to WeFi users, especially in places where free Wi-Fi access is unavailable. Users of WeFi's software, who are already automatically connected to the best free and open hotspots whenever and wherever possible, can now have access to an even wider database of premium hotspots around the world. The WeFi software dramatically enhances the wireless network user experience with mobile and portable devices. It provides a high performance, open and global broadband wireless network by combining a community-generated database, a smart connection manager and a dynamic access point/hotspot directory.

WeFi Opens WiFi Data-Heavy App Store

WeFi Inc. is the latest to try its hand at a mobile application store, with plans to launch an app portal this week powered by WiFi and designed for data-intensive apps and services. Called WeFiApps, the storefront will feature mobile Internet apps that would otherwise tax a carrier's network to be run over the best WiFi connection WeFi can locate. The store is broken down into themed app palettes, including communication services, entertainment and information. Within the categories are apps ranging from mobile email to mobile video and TV to social networks.

ROK Entertainment Group Inc. and WeFi Inc. Announce Launch of WeROK

ROK Entertainment Group Inc. and WeFi Inc. announced the launch of WeROK, a Wi-Fi powered mobile portal enabling internet access for mobile phones to include low-cost texting and free mobile phone services. WeROK combines WeFi's high-performance global Wi-Fi network with ROK Entertainment's unique portfolio of mobile services. These applications include low-cost SMS, mobile email services, free-streamed mobile TV and mobile social network services. WeROK's mobile service suite is powered by WeFi, which dramatically enhances the wireless network user experience with mobile and portable devices. It provides a high performance, open and global broadband wireless network by combining a community-generated database, a smart connection manager and a dynamic Access Point/Hotspot directory. WeFi connects users to Wi-Fi access points where Internet access has already been verified by other WeFi-enabled devicess dubbed community-verified spots-in a growing network of over 20 million access points.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 4, 2009
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