Preliminary financial results were today announced by Lenco Mobile Inc. (Pink Sheets: LNCM) for its mobile marketing subsidiary, Multimedia Solutions, for the year ended December 31, 2009.

Michael Levinsohn, CEO of Lenco Mobile Inc., announcing the results said: “Once again our mobile operations have delivered significant growth in both revenue and profits. Revenue for 2009 was $7.6 million, an increase of 123% or $4.2 million over 2008 and net income increased 79% to $1.4 million. Cash and cash equivalents at year end were $399,000, a major improvement over the same period in 2008 when cash and cash equivalents were $3,245.”

Adding further, Levinsohn went on to say: "We are pleased with the results achieved by Multimedia Solutions in what was a difficult economic period. We expect both revenues and profit for our mobile operations to increase again in 2010, as a number of major projects that we had hoped to see launched last year have been moved into this new calendar year. In addition, we have established relationships with representatives in the United Kingdom and Australia, and both of these regions expected to contribute to revenues and profits in 2010."

Eddie Groenewald, the President of Multimedia Solutions, said,“ 2009 saw a number of new product launches for Multimedia Solutions, including the launch of the new mobile phone statement product which enables mobile subscribers to receive itemized billing directly into their handsets.”

The summary financial results are for the Multimedia Solutions subsidiary only, and are not complete consolidated financial reports for Lenco Mobile Inc. and its other operating subsidiaries.

The results for Multimedia Solutions do not include any expenses at the parent company level, or the results of operations from Lenco Mobile Inc.'s other operating subsidiaries. Lenco Mobile Inc. expects to announce its consolidated results of operations on or before March 31, 2010, in its upcoming annual report on Form 10-K. Lenco Mobile Inc.'s net income for 2009, on a consolidated basis, is expected to be less than net income reported for the Multimedia Solutions subsidiary, primarily as a result of the inclusion of parent company expenses.