We are pleased to announce the release of FindMePhone, an iPhone client for MobileMe’s Find My iPhone feature.

FindMePhone is the only way to use MobileMe’s Find My iPhone feature directly from the iPhone. Keep track of your kids, keep tabs on your employees, or use a friend’s iPhone to find out where you lost yours!

Locating an iPhone using FindMePhone requires that the iPhone you wish to locate is linked to an active MobileMe subscription with Find My iPhone enabled.

FindMePhone communicates directly with MobileMe. Your credentials are transmitted securely, and never sent to our or any third party servers.

Unfortunately, Apple would not approve this for the App Store due to the fact that it accesses MobileMe in ways that they do not support. Thus, this app is only available on jailbroken phones at this time.

FindMePhone is currently available on Cydia and Rock Your Phone for $1.99.