SMS Text news reports a new service called Kiboze has launched that extends your instant messaging experience with group text messaging.
Kiboze has built patent-pending technology that integrates text messaging with the major IM networks like AOL, MSN, Yahoo! and GTalk creating unique functionality that allows Kiboze users to use their existing “buddylists” as a phone book for “group send” text messaging. Now, with a single text message, Kiboze users can reach 5, 10 or 50 of their friends via text message or instant message free of charge.

How’s it work?

Step 1 - Using your buddy list, select which friends should receive your Kiboze text messages.
Step 2 - Send a text message to Kiboze
Step 3 - Kiboze delivers that message to all your friends via text message (if they are