More action on the mobile community front: Loop Mobile (ASX: LPM), a mobile community venture headquartered in Sydney, Australia, has signed a Memorandum of Understanding (MoU) for a joint venture with Radical SoftNet, a subsidiary of India based Telemart Communications. Radical SoftNet will contribute $500,000 to the JV, in which it will own 51 percent, and will distribute and operate Loop
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