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WIRELESS GAME DEVELOPER AND PUBLISHER, SORRENT, SECURES $5.5 MILLION IN SERIES B FINANCING

The Round, Led by Globespan Capital Partners, Will Also Include Existing Investors, New Enterprise Associates and Sienna Ventures

SAN MATEO, CA., (April 30, 2003) — Sorrent Inc., a leading creator and publisher of
games for wireless devices, today announced that it has raised $5.5 million in its Series
B financing round. Globespan Capital Partners, a leading global venture capital firm
investing in information technology companies, led the round and was joined by existing
Sorrent investors, New Enterprise Associates (NEA) and Sienna Ventures. Jon
Callaghan, managing director at Globespan Capital Partners, has joined Sorrent’s board
of directors.

“ Wireless entertainment is an exploding global market,” said Callaghan. “Sorrent has
quickly taken a leadership position with its advanced gameplay, premier licenses and
relationships with both domestic and international wireless carriers. The team at Sorrent
combines proven leaders in gaming and wireless technology, and we are looking
forward to working with them to establish wireless gaming as a profitable extension of
the global video game market.”

Sorrent will use the additional capital to expand development and worldwide distribution
of its wireless entertainment applications and technology. Sorrent, which has already
licensed global entertainment brands, including FOXSports.com, The X-Files and
Chinese basketball star Yao Ming, will also use the Series B funds to extend its portfolio
of popular entertainment brands.

" People love playing Sorrent’s games,” said Stewart Alsop, general partner at NEA and
Sorrent board member. "Wireless carriers love games that people love playing. Sorrent
has figured out the magic that makes consumers and carriers happy.”

" We are thrilled to have Jon and Globespan join the Sorrent team,” said Paul Zuzelo,
executive vice president and CFO of Sorrent. "This backing from top venture firms
reinforces our leadership position and helps to accelerate our global expansion.”

About Sorrent
Sorrent is a leading creator and publisher of connected, interactive games for wireless
and Internet-capable devices. With its proprietary convergent game platform,
Convergence Everywhere Live™, Sorrent allows both mobile and land-based hardware
to communicate simultaneously via the Internet. Sorrent games are produced by Sorrent
Studios and marketed in partnership with global brands such as FOXSports.com, The X-Files
and Yao Ming. Sorrent has set the standard for wireless sports games with its solo
and multiplayer games that are connected, persistent and convergent. Headquartered in
San Mateo, California, Sorrent is funded by NEA, Sienna Ventures, and Globespan
Capital Partners. For more information, visit www.sorrent.com.

About Globespan Capital Partners
With offices in Palo Alto and Boston, Globespan Capital Partners is an independent
venture capital firm focusing on information technology. Globespan has a unique
position in the U.S. venture capital industry due to its ability to provide portfolio
companies access to Asian customers and partners. Globespan manages several funds,
including JAFCO America Technology Fund III and Globespan Capital Partners IV.
Some of the firm's investments include Aptis, Argon, Avanex, Brocade, Digital Island,
edocs, Monterey Networks, Net Perceptions, Obsidian, Ocular, Pirus, Sentient Networks
and Silknet Software. For more information, visit www.globespancapital.com.

About NEA
New Enterprise Associates (NEA) is a leading venture capital firm investing primarily in
information technology, biotechnology and medical/life sciences companies. Practicing
classic venture capital for over 20 years, NEA focuses on early stage investments,
playing an active role in assisting management to build companies of lasting value. With
$4.9 billion under management, NEA’s experienced management team has invested in
over 500 companies, of which more than 135 have gone public and more than 150 have
been acquired. For additional information, visit www.nea.com.

About Sienna Ventures
Founded in 1990, Sienna Ventures is an early-stage technology investment partnership
targeting the wireless communications, networking, Internet infrastructure and related
software sectors. With offices in Sausalito, CA and Greenwich, CT, Sienna’s objective is
to provide entrepreneurs with strategic insight and an exclusive network of technology,
financing and human resources that will enable the building of category-leading
companies. Current and former Sienna investments include: @Motion, Epana Networks,
M7 Networks, OpenWave Systems, Protocol Communications, Viaquo Corp. and
WIDCOMM. For more information visit www.siennaventures.com.

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Sorrent and We Create. You Play. Everywhere. are trademarks of Sorrent, Inc. All other
trademarks are the property of their respective owners.