"Sega has selected to be a part of the Greystripe's distribution network of sites as it opens up the category to a whole new market of consumers," said Linda Chaplin, VP of Mobile at Sega. "The 'free games' proposition allows consumers to try mobile games without risk and we're confident that our brands and commitment to quality will convince consumers to stay and continue gaming on their mobile phones."

To launch the partnership, Sega and Greystripe are launching three popular mobile games:

-- Sonic Jump - Go vertical with Sonic the Hedgehog. Play through familiar fast-paced action with an addictive new style as Sonic jumps from platform to platform in a race to stop the evil Dr. Eggman.

-- Afterburner II - A classic Sega arcade favorite, players can use their mobile phones to jump into the cockpit of a fighter jet and combat swarms of supersonic enemy fighters.

-- Golden Axe - In the epic "side-scrolling beat 'em up" Golden Axe, choose one of three powerful heroes to embark on an adventure to save the land of Yuria from the evil forces of Death Adder!

"Besides being the biggest name in gaming, Sega has incredible IP and truly understands the move to mobile with their classic game titles," said Michael Chang, CEO of Greystripe. "Our partnership with them is a huge win for our end users and demonstrates that Greystripe is able to bring the biggest brands to the mobile gaming audience."

Greystripe also recently celebrated 50 million downloads of the popular games - including titles from Sega, Digital Chocolate, Vivendi Games Mobile and Hands-On Mobile - found on GameJump.com, Greystripe's proprietary mobile game portal.

Greystripe's patent-pending AdWRAP technology automates the process that enables advertisements to be wrapped directly with mobile games and applications without any complex coding and development for the content owner. AdWRAP provides game publishers, Web and mobile media portals, and carriers with an additional source of revenue, while simultaneously building customer retention and loyalty.

About Greystripe

Greystripe is the world's first and leading ad-supported mobile games and applications distributor. Greystripe's AdWRAP technology enables: publishers to gain advertising revenue by serving ads through their games; advertisers to reach a new mobile audience; and consumers to download great games for free. The AdWRAP system is protected by a broad array of patents pending and currently serves ads into more than 800 game titles from 100 publishers supporting over 1,000 handset models. Greystripe reaches millions of mobile game players through its online portal GameJump.com (http://www.gamejump.com/), through the mobile web (http://gjmp.tw), and through its over 50 AdWRAP Catalog Platform partners. Greystripe was named a Red Herring Global 100 winner in 2007 and the Under the Radar Best in Show: Mobility winner in 2006.

Visit Greystripe at http://www.greystripe.com.

About Sega of America, Inc.

Sega(R) of America, Inc. is the American arm of Tokyo, Japan-based Sega(R) Corporation, a worldwide leader in interactive entertainment both inside and outside the home. The company develops, publishes, and distributes interactive entertainment software products for a variety of hardware platforms including PC, wireless devices, and those manufactured by Nintendo, Microsoft, and Sony Computer Entertainment Inc. Sega's web site is located at www.SEGA.com.

About Sega Mobile

Sega(R) Mobile, a division of Sega(R) Corporation, publishes high quality mobile games taking advantage of the company's extensive library of content and licensed properties. Sega Mobile has deals with numerous major phone carriers worldwide. Visit www.SEGAmobile.com for more information.

SOURCE: Greystripe

VSC Consulting
Jenna Britton, 415-677-9125 ext. 203
jenna@vscconsulting.com

SK Telecom said it is in the process of localizing the games and plans to begin service near the end of the year after creating a new game portal to be run by its gaming subsidiary.

The company said it is also in talks with Sega to secure rights for additional games, such as "Splash Golf" and "Let's Make a Pro Football Team Online."

SK Telecom recently signed a deal to purchase a 30-percent stake in a Chinese online game company last month as it seeks to find revenue sources to spearhead its global business amid the saturation of the local mobile market.

"We are fortunate to have added Dr. Sega to our Board. We are certain that his extensive career in government service, aerospace, and energy will complement and strengthen the leadership base currently in place," said Thomas A. Gendron, Woodward Chairman of the Board and Chief Executive Officer.

Dr. Sega has authored or co-authored more than 100 technical publications and has served on numerous local, regional and national advisory and governance boards.

About Woodward

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions for engines, aircraft and industrial turbines, and electrical power system equipment. The company's innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable, and cost-effective equipment. Woodward is headquartered in Fort Collins, Colorado USA and serves global markets in aerospace, power and process industries, and transportation. Visit our website at www.woodward.com.

The statements in this release concerning the company's future sales, earnings, business and financial performance, the consistent value Woodward offers to its shareholders, the company's prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2007 and Quarterly Report Form 10-Q for the quarters ended December 31, 2007 and March 31, 2008.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=752223

CONTACT:
Rose Briani-Burden
Business Communications
815-639-6282

Woodward Governor Company
1000 East Drake Road
Fort Collins, Colorado 80525, USA
Tel: 970-482-5811
Fax: 970-498-3058

SOURCE: Woodward Governor Company