Dolphin and Best Media to Merge Businesses

November 12th 2009. Best Media AS and Dolphin Interconnect Solutions ASA announced today that they  have signed an agreement to merge their two businesses. The merger will be accomplished through a directed stock issue of  Dolphin Interconnect Solutions shares for purchase of 100% of Best Media outstanding shares.  The agreement is subject to due diligence and approval by an extraordinary general meeting (EGM) in Dolphin.

Dolphin will issue new Dolphin shares to Best Media shareholders, representing a 50% shareholding in Dolphin post transaction.  Concurrent with the share issue a debt financing of 5 million NOK will be provided by the Best Media shareholders.  One half of the proceeds of the debt financing will be provided immediately subsequent to the share issue with the remaining amount provided during Q1 2010.   In addition prior to closing of the transaction the Board has approved a directed issue of 115,400 shares to Best Media shareholders for 300,000 NOK to be executed immediately.

Dolphin's technology is well suited for providing high speed computing infrastructure for digital media applications. Best Media provides digital media services via fiber technology to residential and small business communities. After the merger Dolphin's and Best Media's current operations will continue. The product lines of both companies are complementary and over time additional synergy opportunities will be explored.

The merger will result in a financial foundation for continued operations as well as resources to execute growth opportunities.  The transaction is anticipated to close during Q4 2009.

Further details will be provided with the call for the EGM.

Contacts:

Ole Henrik Eide, Chairman Dolphin
Phone + 47 90 54 28 62
Tim Miller, CEO Dolphin
Phone +1 508 768 9950 ext 103
Glenn Nostdahl, Chairman Best Media
Phone +47  404 11 111
Website Dolphin:  www.dolphinics.com
Website Best Media:  www.comvie.no