GREENVILLE, SC—Zipit Wireless Inc., which markets the Zipit Wireless Messenger, has secured $4.5 million in Series A funding from Windspeed Ventues, SunBridge Partners, Meritus Ventures and SC Launch.

The company says it will use the money to expand and drive toward new opportunities in the wireless and consumer electronics markets.

Zipit Wireless Messenger, the only Wi-Fi instant messaging device on the market that supports all major IM services. It eliminates family feuds caused by teens tying up the family computer to use popular instant messaging services, while incurring no monthly or per message fees.

“Zipit is a game-changing solution to the problem of managing social connectivity, be it pure instant messaging or keeping up with one’s social networks,” said Paul Grim, general partner of SunBridge Partners.

“We believe that Zipit offers consumers a unique communications product, free from the restrictions, long-term contracts and fees typical of today’s wireless industry. We are excited about Zipit’s future and look forward to helping them achieve their vision.”

“As the first investment for Meritus Ventures, Zipit Wireless Inc. is representative of the deals we are able to find in rural southern Appalachia and serves to validate the premise of Meritus as a Rural Business Investment Company.”

Most traditional venture investors don’t look for deals in this region, but we found a capable and experienced management team, with an impressive product platform, in a dynamic and rapidly growing market, sitting on the fringe of rural southern Appalachia,” said Grady Vanderhoofven, fund manager of Meritus Ventures.”

On the Web: www.zipitwireless.com; www.windspeed.com; www.meritusventures.com; www.scra.org; www.sundbridgepartners.com or www.sclaunch.org

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