Global MobileTech, Inc. announced that it will take a 30% stake in a new joint venture company, MaxCents Sdn Bhd. MaxCents is undertaking the development of an ad funded location based mobile and online community portal in West Malaysia. MaxCents, organized around its "more savings, more to share," theme will combine discounted offerings from its advertisers along with the opportunity for its community members to contribute to charities of their own choosing. Global MobileTech's technology platform combines mobile advertising and mobile communications services and powers mobile communities with more than 850,000 users in Southeast Asia, Hong Kong and China. The company's platform is currently serving approximately 12.5 million mobile ads monthly. Global MobileTech's principal business is to license its patented technology and to provide technical and administrative support to channel partners and private label partners. Global MobileTech's technology is used to create mobile communities of members who participate in permission-based advertising networks and who, in return, receive credits toward free local and international cellular telephone calls and text messaging. The company has integrated its ability to serve mobile advertising and ability to seamlessly provide communications services through third party cellular and VoIP (Voice over Internet Protocol) operators. MaxCents members will also earn reward points when they make purchases through shopping portal. Global MobileTech's interest in the joint venture will be held by its wholly owned subsidiary Info-Accent Sdn Bhd, which will provide the platform, technical support and will develop and maintain the MaxCents online platform. The other joint venture partners are First Asset Holdings, a Hong Kong based company that specializes in the sales and marketing of IT and Internet-based products and services, which will provide sales and marketing support, and Ridzuan Mohd Jusoh, a former FELDA senior executive. FELDA or Federal Land Development Authority is the world's community development government agency, principally producing the country's cash crops of rubber and palm oil. Mr. Ridzuan will be responsible for the day-to-day operations of the joint venture company.