MOBI724 Global Solutions Q1 financial release
MOBI724 Global Solutions Q1 financial release – revenues increase by 42{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in Q1 2017 versus Q1 2016
Momentum Public Relations
Press Release: May 31, 2017
MONTREAL, QUEBEC–(Marketwired – May 31, 2017) – MOBI724 Global Solutions Inc. (MOBI724) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a FinTech leader offering integrated EMV payment, Card-Linked Offers and Digital Marketing, has filed its Q1 financial results for quarter ending on March 31 2017. MOBI724 is proud to announce that revenues continue to increase in the first quarter. Revenue grew 42{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to $ 792K in 2017 from $557K in 2016 while our burn rate remains aligned with our business plan.
“These results confirm that we are steadily growing and creating value to our shareholders. In Q1 we confirmed 2 (two) Blue-Sky Opportunities and set the organizational structure to execute our aggressive business plan. Our sales pipeline has grown materially giving us the confidence to execute on the plan for the remainder of the year and beyond” says Marcel Vienneau – CEO.
About MOBI724
MOBI724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. MOBI724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
CEO
1-514-394-5200 x 413
www.MOBI724.com
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
MOBI724 Global Solutions Files Q1 Financial Statements and Invites Investors
MOBI724 Global Solutions Files Q1 Financial Statements and Invites Investors to a Webinar for a Material Management Update
Momentum Public Relations
Press Release: May 29, 2017
MONTREAL, QUEBEC–(Marketwired – May 29, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(OTCQB:MOBIF), a FinTech leader offering integrated EMV payment, Card-Linked Offers and Digital Marketing, hereby invites its current shareholders as well as the public to assist a webinar presided by Marcel Vienneau, CEO of MOBI724 to provide a management update and to answer questions further to the filings of the Q1 financial statements for March 31, 2017 and the management discussions and analysis.
Interested parties may log in at the following web address:
https://attendee.gotowebinar.com/register/4542259938712463107
Please register for Management update on May 30, 2017 4:15 PM EST
After registering, you will receive a confirmation email containing information about joining the webinar.
Brought to you by GoToWebinar® Webinars Made Easy®
About MOBI724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.MOBI724.com
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
MOBI724 Global Solutions Announces Initiation of Certification for Local EMV debit cards in the Philippines via its subsidiary MOBI724 Asia
MOBI724 Global Solutions Announces Initiation of Certification for Local EMV debit cards in the Philippines via its subsidiary MOBI724 Asia
Momentum Public Relations
Press Release: May 25, 2017
MONTREAL, QUEBEC–(Marketwired – May 25, 2017) – MOBI724 Global Solutions Inc. (MOBI724) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a fintech leader offering integrated EMV payment, card-linked offers and digital marketing, via its subsidiary MOBI 724 Asia Inc., today announced the initiation of certification for the local debit EMV schemes in the Philippines market. The certification is on behalf of local prospects who intend to use MOBI724 solutions to roll out a full EMV solution to their customers.
“This certification is expected to boost the reach of MOBI724 in the Philippines and gain access to many acquirers who are transitioning to EMV solutions.”
“We are proud of becoming one of the first local EMV certified end to end solution in the Philippines market which will allow us to serve the Philippines market with the EMV and all our card link solutions which include financial institutions, acquiring networks and merchants alike ” says Marcel Vienneau, CEO, MOBI724. “This EMV certification is expected to help acquirers to remain compliant with the Central Bank of Philippines (BSP) regulation.”
About MOBI724
MOBI724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any Mobile device. MOBI724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. MOBI724 provides a turnkey solution to its clients to capture card transactions on any Mobile device, at any point of sale or from any payment card. MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, Mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any Mobile device and allow its redemption at any point of sales.
Forward-Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.MOBI724.com
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
Mobi724 Global Solutions Inc. Closes the Last Portion of the Acquisition with Former Shareholders of I.Q. 7/24 Inc. on Better Terms to Focus on its Growth Strategy Plan
Mobi724 Global Solutions Inc. Closes the Last Portion of the Acquisition with Former Shareholders of I.Q. 7/24 Inc. on Better Terms to Focus on its Growth Strategy Plan
MONTREAL, QUEBEC–(Marketwired – May 11, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, announces that it has successfully renegotiated the terms of the balance of sale of the acquisition of its wholly owned subsidiary I.Q. 7/24 Inc (“IQ”) and that it has paid the IQ former shareholders the amount of $800,000 in cash and has issued 3,492,958 common shares (the “Shares”) at a price of $0.355 for a value of $1,240,000. The total aggregate value of the renegotiated terms of the balance is $3,099,937 in Canadian dollars. After the aforesaid payment in cash and the issuance of the Shares, a final payment in the amount of $1,059,937 will be payable by September 10, 2017.
Marcel Vienneau, the CEO of the Company said, “We are very content with the outcome of the renegotiated terms as it will bring value to the Company. The renegotiated terms gives the Company the opportunity save approximately 2M dollars on the purchase Price which is a huge benefit to the Company and its shareholders. Both parties win as IQ724 gets their shares now and will benefit from the value created forward as we both focus on value creation. There are multiple synergies that will be acted upon now; there are many opportunities to grow this vertical from our global reach and mostly leverage IQ724 expertise and solutions for payment card issuers globally.” “We at iQ724 are excited and look forward to the next stage of our relationship with MOBI724 and that is leveraging our complimentary skill sets and technological advancements to generate innovative and profitable solutions for our customers,” said Daniel Tardif, President of iQ724.
About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward-Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724.com
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
Mobi724 Global Solutions Inc. (CSE:MOS) to Begin Trading on OTCQB Under the Symbol: MOBIF
Mobi724 Global Solutions Inc. (CSE:MOS) to Begin Trading on OTCQB Under the Symbol: MOBIF
MONTREAL, QUEBEC–(Marketwired – May 4, 2017) – MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS)(CSE:MOS.CN)(CNSX:MOS)(OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, announces that it shall commence trading on OTCQB on May 4th, 2017 under the symbol MOBIF.
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About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
CONTACT INFORMATION
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
Mobi724 Global to hold 2016 results, update webinar
Mobi724 Global to hold 2016 results, update webinar
Mobi724 Global Solutions Inc. hereby invites its current shareholders as well as the public to attend a webinar presided by Marcel Vienneau, chief executive officer of Mobi724, to provide a management update and to answer questions further to the filings of the audited annual financial statements for the year ended Dec. 31, 2016, and the management discussions and analysis.
Please register for management update on May 1, 2017, 2:30 p.m. EST. After registering, you will receive a confirmation e-mail containing information about joining the webinar.
About Mobi724 Global Solutions Inc.
Mobi724 offers a unique and fully integrated suite of payment and digital marketing solutions with a combined EMV (EuroPay, MasterCard and Visa) payment, card-linked offers and digital marketing platform that works on any card and any mobile device.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Mobi724 Global Solutions Inc. Announces Closing of Private Placement Offering for Gross Proceeds of over 10M
Mobi724 Global Solutions Inc. Announces Closing of Private Placement Offering for Gross Proceeds of over 10M
Momentum Public Relations
Press Release: April 21, 2017
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS)(CSE:MOS.CN) – a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing solutions, announces that it has successfully completed its private placement offering of special warrants (the “Special Warrants”), previously announced by news releases dated April 4, and April 6, 2017, issuing an aggregate of 29,538,203 Special Warrants at a price of $0.35 per Special Warrant for aggregate gross proceeds of $10,338,371.05, which includes the exercise by GMP Securities L.P. (“GMP”), as sole lead agent, of its option for an additional 2,395,346 Special Warrants.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For more information, please visit www.mobi724globalsolutions.com.
About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Forward Looking Statements
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724globalsolutions.com
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, News Home, Technology
Mobi724 increases bought deal offering to $9.5-million
Mobi724 increases bought deal offering to $9.5-million
Momentum Public Relations
Press Release: April 06, 2017
Mr. Marcel Vienneau reports
MOBI724 GLOBAL SOLUTIONS INC. ANNOUNCES INCREASE TO BOUGHT DEAL FINANCING
Mobi724 Global Solutions Inc. has increased the size of the bought deal private placement previously announced on April 4, 2017, with GMP Securities LP, from aggregate gross proceeds of approximately $5-million to approximately $9.5-million, for the offering of special warrants of the company at a price per special warrant of 35 cents. The company has granted the underwriter an option, exercisable in whole or in part, up to 48 hours prior to the closing of the offering, to arrange for the purchase and sale of up to 20 per cent of the special warrants issued in the offering.
Each special warrant will entitle the holder thereof to receive, without payment of additional consideration, one unit of the company consisting of one common share and one-half of one share purchase warrant. Each whole warrant, subject to customary adjustments, shall be exercisable into one common share at an exercise price of 46 cents per warrant share for a period of two years from the date of issue. If the volume-weighted average price of the common shares on the Canadian Securities Exchange is equal to or greater than 65 cents for a period of 10 consecutive trading days, then the company may any time thereafter accelerate the expiry date of the warrants to the date that is 30 days following the date on which the company issues notice to all the warrantholders of the new expiry date. The company will also issue a press release on the same date as it issues notice confirming the new expiry date of the warrants.
The company has agreed to use its reasonable commercial best efforts to obtain a receipt for a final short-form prospectus qualifying the distribution of the units upon exercise of the special warrants on or before the date that is 90 days following closing of the offering. If the prospectus qualification does not occur before the qualification condition, each holder shall be entitled to receive, without payment of additional consideration, 1.05 units per special warrant. Unless the qualification condition occurs, securities issued in connection with the offering will be subject to a four-month hold period from the date of issue.
The closing of the offering is subject to the completion of formal documentation, including, but not limited to, the execution of an underwriting agreement with the underwriter in connection with the offering and receipt of any required regulatory approvals, including approval of the CSE. All securities issued pursuant to the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Closing of the offering is expected to occur on or about April 21, 2017, or such other date as the underwriter and the company may agree.
The company intends to apply to have its common shares listed on the TSX Venture Exchange. There can be no assurance that such a listing would occur.
Mobi724 intends to use the net proceeds of the offering for general corporate purposes.
About Mobi724 Global Solutions Inc.
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment and digital marketing solutions with a combined EMV payment, card-linked offers and digital marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Mobi724 Global Solutions, News Home
Mobi724 Global Solutions Inc. (MOS:CSE) Announces Bought Deal
Mobi724 Global Solutions Inc. Announces Bought Deal Financing
Momentum Public Relations
Press Release: April 04, 2017
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company“) (CSE:MOS)(CSE:MOS.CN) – a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing solutions, announces that it has entered into an agreement with GMP Securities L.P. (the “Underwriter“) for a “bought deal” private placement offering of special warrants of the Company (the “Special Warrants“) at a price per Special Warrant of $0.35 for aggregate gross proceeds of approximately $5 million (the “Offering“).
Each Special Warrant will entitle the holder thereof to receive and without payment of additional consideration, one (1) unit of the Company (each a “Unit” and collectively the “Units“) consisting of one (1) Common Share (each a “Unit Share“) and one-half of one (0.5) common share purchase warrant (each whole common share purchase warrant a “Warrant“). Each whole Warrant, subject to customary adjustments, shall be exercisable into one (1) Common Share (a “Warrant Share“) at an exercise price of $0.46 per Warrant Share for a period of two (2) years from the date of issue. If the volume weighted average price of the Common Shares on the CSE is equal to or greater than $0.65 for a period of 10 consecutive trading days then the Company may anytime thereafter accelerate the expiry date of the Warrants to the date that is 30 days following the date on which the Company issues notice to all the Warrant holders of the new expiry date. The Company will also issue a press release on the same date as it issues notice confirming the new expiry date of the Warrants.
The Company has agreed to use its reasonable commercial best efforts to obtain a receipt for a final short form prospectus qualifying the distribution of the Units upon exercise of the Special Warrants (the “Qualification Condition“) on or before the date that is 90 days following closing of the Offering (the “Qualification Deadline“). If the Prospectus Qualification does not occur before the Qualification Condition, each holder shall be entitled to receive, without payment of additional consideration, 1.05 Units per Special Warrant. Unless the Qualification Condition occurs, securities issued in connection with the Offering will be subject to a four-month hold period from the date of issue.
The closing of the Offering is subject to the completion of formal documentation, including but not limited to, the execution of an underwriting agreement with the Underwriter in connection with the Offering and receipt of any required regulatory approvals, including approval of the CSE. All securities issued pursuant to the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Closing of the Offering is expected to occur on or about April 18, 2017 or such other date as the Underwriter and the Company may agree.
The Company intends to apply to have its Common Shares listed on the TSX Venture Exchange. There can be no assurance that such a listing would occur.
Mobi724 intends to use the net proceeds of the Offering for general corporate purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For more information, please visit www.mobi724globalsolutions.com.
About Mobi724 Global Solutions
Mobi724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Mobi724 to provide HSBC Argentina with loyalty services
Mobi724 to provide HSBC Argentina with loyalty services
– Momentum Public Relations –
Press Release: March 21, 2017
MONTREAL, QUEBEC–(Marketwired – March 21, 2017) – Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS)(CSE:MOS.CN) – a fintech leader offering integrated EMV payment, card-linked offers and digital marketing – wholly-owned subsidiary Mobi 724 S.R.L., an Argentine corporation, today announced an agreement with HSBC Bank Argentina S.A. to provide HSBC BANK ARGENTINA S.A. services related to technological solutions regarding HSBC BANK ARGENTINA customer loyalty and benefit program.
About HSBC Bank Argentina S.A.
HSBC Argentina Holdings SA is one of the most important financial organizations of the country, with 139 branches in 22 provinces and 4.743 employees.
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 4,000 offices in 70 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,375bn at 31 December 2016, HSBC is one of the world’s largest banking and financial services organisations.
About Mobi724 Global Solutions
Mobi724 Global Solutions Inc. (CSE:MOS)(CSE:MOS.CN) is a fintech leader offering integrated EMV payment, card-linked offers and digital marketing. Headquartered in Montreal, Canada, Mobi724 is innovating its market with technology solutions that interoperate seamlessly with any credit/debit card and any mobile device. Mobi724’s solutions increase transaction volumes and average spend while benefitting financial institutions, merchants and cardholders.
For more information, visit www.mobi724globalsolutions.com.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
MOBI724 Global Solutions Inc.
Marcel Vienneau
1-514-394-5200 x 413
www.mobi724globalsolutions.com
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology