Mobi724 Global Solutions Inc. (CSE:MOS) Announces $1.53M in Sales
Mobi724 Global Solutions Inc. (CSE:MOS) Announces $1.53M in Sales for 2015, Restatements of Some Interim Unaudited Consolidated Financial Statements for 2015 and Company Highlights for 2015
– Momentum Public Relations – Feb. 08, 2016
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that it has booked sales of just over $1.53M for the fiscal year ending December 31, 2015, including the sales from its previously announced acquisition IQ 7/24 (for Q2, Q3 and Q4). The 2015 consolidated sales has been reviewed by the audit committee.
The Company will release its consolidated results in April 2016. The Company will amend its condensed interim unaudited consolidated financial statements for the three and the six month periods ended June 30, 2015 and for the three and nine month periods ended September 30, 2015.
The 2015 consolidated sales and expenses, excluding non-recurrent expenses, compared to previous years are:
MOBI724 GLOBAL SOLUTIONS INC |
AUDITED |
AUDITED |
INTERNAL |
||||
FINANCIAL REVIEW | 2013 | 2014 | 2015 | ||||
OPERATIONS: | |||||||
SALES | $65,935 | $149,637 | $1,529,611 | ||||
ADJUSTED (1) OPERATING EXPENSES | ($8,566,893 | ) | ($7,060,089 | ) | ($5,641,355 | ) | |
ADJUSTED (1) NET FINANCIAL EXPENSES | ($24,391 | ) | ($99,995 | ) | ($39,097 | ) | |
TOTAL ADJUSTED EXPENSES | ($8,591,284 | ) | ($7,160,084 | ) | ($5,680,452 | ) | |
ADJUSTED NET LOSS BEFORE INCOME TAXES- | ($8,525,349 | ) | ($7,010,447 | ) | ($4,150,841 | ) | |
(1)Excluding non recurrent expenses | |||||||
FINANCING ACTIVITIES (2): | 2013 | 2014 | 2015 | ||||
Convertible Debt | $400,000 | $2,900,000 | $1,083,204 | ||||
Common Shares | $4,869,077 | $2,443,437 | $2,014,965 | ||||
Long-term debt & Demand debt | $137,700 | $733,127 | $0 | ||||
$5,406,777 | $6,076,564 | $3,098,169 | |||||
(2)Annually (non cumulative basis) |
The important modifications to the condensed interim unaudited consolidated financial statements for the three and the six month periods ended June 30, 2015 and for the three and nine month periods ended September 30, 2015 will be as follows:
- Presentation of additional information regarding the acquisition of IQ 7/24 in 2015 by the Company;
- Restatement of the Company’s Consolidated Statements including: statements of net income and comprehensive loss, financial position, cash flows and changes in equity;
- Additional note disclosure with respect to segmented information;
- Restatement to the Company’s Management Discussion and Analysis in order to reflect the above adjustments and to present additional information.
The key highlights for 2015 are:
- Management has improved the balance sheet;
- Successfully completion of an acquisition (IQ 7/24) that should add over $2M yearly sales in the following years;
- Raised financing of approximately $3 M in 2015 including an investment of over $1.8 M by a prestigious and global investment fund;
- Successfully concluded multiple contracts with clients and also agreements with partners and resellers that are expected to contribute to our top line growth in the coming year.
Marcel Vienneau, CEO of the Company, stated: “This past year was very challenging as we refocused the Company’s attention on the monetization of all of our innovative solutions. Our customers have begun to see the true value that our solutions bring to their businesses and this will enable us to deliver solid value to our shareholders during the course of 2016 and beyond.”
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE:MOS), a corporation based in Montreal, Canada offering a unique and fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY – all in one.
Our vision is to enhance the value of commoditized payment transactions to the players in this eco-system (card associations, banks, mobile carriers and retailers) by adding layers of intelligence to these card linked transactions (i.e. smart transactions) in a seamless manner for all the players in the eco-system.
Mobi724 Global Solutions unleashes the true potential of both payment and card linked couponing/rewards transactions for both online and offline points of sale.
The Corporation 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 in real time.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724’s PCI and EMV based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on Mobi724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home
The Digital Couponing Revolution
The Digital Couponing Revolution
Momentum Public Relations
Digital couponing is rapidly gaining popularity with the rise of the digital age. Social media, email, and face-to-face online chat are the primary means of communication. Gone are the days of coupons being only for the destitute desperately seeking the next deal in the Sunday paper. It’s no longer necessary to stalk the papers and magazines for useful paper coupons (although this is still a legitimate couponing method).
Right now, there are three major methods of digital couponing available with a fourth emerging as possibly the most convenient of all.
Printable Coupons
Many coupons and quality deals can be found online. Some of these coupons are printable. They require you to have a printer and often sign up for the website’s email list. Using this type of digital coupon can yield a lot of valuable in-store deals. There are even some that can be combined with other offers for maximum savings.
eCoupons
eCoupons can be used one of two ways. First, they can be used as codes to make online purchases. There are certain websites that offer coupon codes or cash back for making purchases through their websites. Other times, you can use eCoupons that load directly to your store loyalty card. When you use your loyalty card at checkout, your coupon is automatically applied to your total.
Mobile Coupons
Mobile coupons are growing in popularity and can be used in several different ways. Some coupons can be downloaded to a smartphone and used in store by scanning the barcode. Others can be used by downloading applications that provide coupons for specific brands or general products and snapping a picture of the receipt or scanning the product barcode after purchase. Using several apps for a single grocery trip can sometimes yield half-price or even free products.
Real Time Mobile Coupons
In addition to these couponing methods, a new way to coupon is emerging and promises to be even easier. A leading innovator in this method is Mobi724. They offer digital couponing that is personalized to the user and directed to the customer’s bank or credit card. The customer simply needs to accept the coupon on the Mobi724 app and make the in-store purchase with his or her respective bank or credit card. The coupon rate is then deducted from the bank or credit card statement for instant savings.
The great thing about this couponing method is the level of convenience that it offers customers. It’s simple and can be used on any mobile device worldwide. The method uses analytics based on the professed interests of the customer. When you download the application, you will be asked to provide a list of your interests, and coupons are chosen for you based on those interests. When you receive an alert for one that you want to use, go to the store, make your purchase with your bank or credit card, and you’re done.
There is no clipping coupons, no searching multiple applications for the best deals, no snapping pictures of receipts, and no scouring websites for the coupons that you need. This couponing method does the work for you. All you have to do is shop like you normally would, and your savings is automatically applied to your account.
In today’s busy world, we are always looking for ways to make life just a little easier. It’s easy to get buried in the clutter of multiple paper coupons and couponing apps. It’s hard to keep track of couponing on top of all of our other responsibilities. It’s great to have a method available that takes away the extra steps or can be used in addition to those steps for maximum savings.
Whatever couponing method you choose, there is no doubt that the digital age has revolutionized couponing and made it even easier for people from all walks of life to save on their everyday purchases.
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, Technology
The Future is Now: Mobile Couponing Streamlined
The Future is Now: Mobile Couponing Streamlined
Momentum Public Relations
People have been using coupons for as long as the saving’s catalyst has existed. Interestingly, 315 billion coupons-valued at approximately 510 billion dollars-were distributed via all mediums in 2013. What’s more, it is estimated that there will be over a billion mobile coupon users by 2019, which is more than double the amount of digital coupon users in 2014. As can be seen, as technology has evolved over the decades consumers have looked for newer and more convenient ways to save. To address this growing problem Mobi724 was founded. Mobi724 is dedicated to one swipe couponing; a seamless transactional experience whereby consumers are able to enjoy digital promotional incentives-such as loyalty rewards rebates-via their mobile devices. Furthermore, their cutting edge technology provides proprietary payment processing that uses the latest security safeguards.
Interestingly, many enterprises are excited about the ingenuity that Mobi724 brings to the digital realm and are quickly joining in on the mobile couponing revolution. For instance, Mobi724 Global Solutions Inc. (MOS: CSE) recently signed a commercial agreement with Movistar to provide its cutting edge technology to its 17+ million subscribers. (View Press Release) As a result, any of its legions of dedicated subscribers will be able to take full advantage of their smart transactions technology at any point of sale that is operated by a participating retailer.
In terms of the industries that Mobi724s technology is currently targeting, large retailers, telecom providers, and banks are currently their three largest demographics. Of course, this is with good reason, as it will benefit consumers greatly in the long run. Imagine having to do away with a plethora of coupons and loyalty cards-such as Air Miles-by having all of the clutter seamlessly integrated into an existing debit card or credit card. Not only would such an integrated approach greatly convenience consumers around the world but retailers, telecom providers, and banks can also provide the service to entice new customers/clients to do business with them, while delighting existing customers; promoting customer/brand loyalty in the process.
Moreover, as an added bonus, the underlying technology that Mobi724 provides allows for instant, real time tracking of consumer and client behavior; allowing partnering enterprises to collect timely, accurate, and relevant data in regards to their clients’ spending habits and preferences. As a result, companies will be able to send their customers targeted coupons that cater to their unique needs; instead of the mass marketing “shotgun” approach that has left customers embittered and frustrated for the last few decades. Niche is the name of the game, and companies have quickly adapted to “future-tech” by being proactive instead of being passive reactionaries to the fluidity of the capitalist milieu.
In regards to how Mobi724 monetizes its tech, the concern collects a monthly maintenance fee for its integrated service platform as well as a modest percentage in revenue share from each coupon transaction. Furthermore, prognosticators estimate that 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the revenue that the company generates in the next 18 to 24 months will come from maintenance fees, while the remaining 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} will be generated via recurring revenue generated by transaction fees.
Given their forward thinking modus operandi, it is evident that their bottom line has ample space to grow exponentially in perpetuity. With new international conglomerates joining forces with Mobi724 with each passing day, and the use of coupons no longer being a taboo in our progressive postmodern zeitgeist, one can only imagine where Mobi724’s market share will be just 5 years from now. The sky is the limit, as Mobi724’s state of the art tech allows for coupons to be validated, consumer/client data to be collected, and relevant discounts to be relayed back to the customer, with a simple card swipe. Why go back to the future when the future is already here?
- Published in Blog, Mobi724 Global Solutions
Follow the Money: The Rise of Mobile Technology
Follow the Money: The Rise of Mobile Technology
Momentum Public Relations
The phrase “follow the money” has been used to suggest that finding the truth behind a political scandal can be achieved by investigating a series of financial transactions that will point directly to the main perpetrators. However, this phrase can have a much more positive connotation. If investors are seeking a good bet (and who isn’t) following the money often leads to opportunities for superior returns. Financial technology, or fintech, is an opportunity that needs to be explored in 2016.
Business segments that are profitable are frequently suitable targets for disruptive startups. This situation is most certainly the case in the Canadian financial sector. The major players are justifiably proud of their heritage, stability, and profitability. The worldwide financial crisis of 2008 was barely a blip on the radar screen of Canada’s financial institutions. They did not suffer a liquidity crisis. Profits soared again post-2009. The major Canadian banks recorded net profits 31.7 billion dollars in 2014, a slight increase from the total of 29.2 billion in 2013. The trend continued in 2015.
So why are the big banks, and a wide variety of other related financial services companies, preparing for waves of technology based disruption in 2016 and beyond? Simply stated, their profitability and relatively stable position exist in combination with an absence of agility. Large legacy companies have a hard time becoming agile despite rousing speeches from the C-suite. The opportunity for startups that bring new technological approaches to financial management is enormous because the potential audience is large. The early adopting customers alone, 2-3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the market, can generate revenue and profits that are too large to be ignored. Groundbreaking financial technologies are increasingly robust, and they are beginning to change the expectations and demands of consumers. Consequently, there is a high degree of likelihood that the entire sector is about to undergo a redefinition. Smart investors will follow the money and profit from the disruption!
Several emerging realities are at the core of the revolution in financial technology. There is an abundance of startups challenging the accepted norms of this highly regulated and traditional industry. The threat of disruptive entrants is forcing cautious organizations like banks and insurance companies to change or adapt their processes at a speed that may prove to be uncomfortable. Additionally, these startups are creating new products and services that are defining new market spaces.
Expect two significant financial technology trends to dominate the conversation in 2016. They include the need for increased data security coupled with a rise of mobile technology. Both trends have significant implications for the financial sector given that mobile transactions, while still nascent, are likely to grow exponentially over the next five years.
Entrepreneurs and investors have been quick to seize on this movement. Markets like Japan and Korea provide some early indications of how the field may sort itself out. Yes, the first wave of adoption has been dominated by the under 30-year-old cohort, but this is just the beginning of the wave. The fact is that over 2/3 of smart phone users have more than one shopping app on their device. However, there is a perception that using them is either a hassle or potentially not secure. Soon everyone’s grandma will use these apps along with a digital wallet. The challenge, for the moment, is to ensure that this technological change is easy to use and 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} secure. Most experts contend that the development of blockchain is a seminal event that will have broad implications for both challenges in managing mobile transactions. It has certainly grabbed the headlines and is celebrated as the functional dimension that makes Bitcoin usage possible. However, the Bitcoin phenomenon is likely more sizzle than steak. The real opportunity for blockchain lies in its potential to transform the way all financial transactions occur.
What is “a blockchain”? It is just a record, or ledger, of digital events. It is openly shared among many different parties and can only be updated by consensus of a majority of the participants in the system. And when data or information has been entered it can never be erased. It makes data manipulation and transactional fraud close to impossible because of the disparate and shared nature of the data. The result of secure transactions is that they lead to improved functionality and drive more usage. If the process is totally secure and incredibly easy why not use it?
Increasingly, everything is connected, and every connected device is becoming a commercial device. This connectedness is setting up an opportunity to develop superior tools to protect and secure the information that is being sent and stored. Financial institutions have historically been reluctant to make process changes because of legitimate security concerns and a variety of regulatory imperatives. Many of the things that look like changes have merely involved automating long-standing manual processes. Blockchain could change the paradigm completely. Once it is fully commercialized, it will provide opportunities to the financial sector. Startups are embracing this technology. They are seeking to invade traditional markets by offering new options and services that banks have been hesitant to embrace.
Several innovative fintech start-ups have been trumpeting marketing messages that threaten the existence of traditional banks. However, many of them are relying heavily on underlying infrastructure that banks provide to conduct their business. Some are beginning to operate as banks themselves and are free of dependency on other players. Building independent structures is a slow and expensive process, but the potential rewards may justify the strategic risk. In the meantime, the big banks are sending signals of “willingness to partner” with startups that have begun to carve into their traditional territory with new innovative products and services.
How does this impact the savvy investor? Just follow the money! The most likely scenario for many disruptive startups in fintech is that success and growth will result in an opportunity for their shareholders to cash out by being acquired and merged into the operations of existing financial institutions. Yes, there will be some fintech startups that won’t make it, and there will be some that emerge as stable standalone businesses. 2016 looks to be a watershed year in fintech – one to watch carefully for sure.
- Published in Blog, Business, Mobi724 Global Solutions
Mobi724 Global Solutions Inc. (MOS:CSE) Announces the Closing of the Acquisition of IQ 7/24 Inc
Mobi724 Global Solutions Inc. (MOS:CSE) Announces the Closing of the Acquisition of IQ 7/24 Inc. and the Closing of a $662,000 Private Placement
– Momentum Public Relations – Dec.24, 2015
Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (MOS:CSE), a technology leader in the digital incentives, couponing and payment space, announces that it has successfully completed the acquisition of 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the issued and outstanding shares of IQ 7/24 Inc. (the “Shares of IQ 7/24”), a leading Canadian provider of loyalty and customer-engagement solutions. The transaction is subject to the procedural formality of IQ 7/24 obtaining approval from its two (2) financial institutions.
The transaction includes an equity investment of $500,000 by Mobi724 in IQ 7/24 (the “Equity Investment”), exclusively for the purpose of growing IQ 7/24’s business. An initial $100,000 of the Equity Investment was disbursed at the date of the closing of the transaction on December 22, 2015, a second tranche of $150,000 of the Equity Investment will be paid prior to December 31, 2015 and the remaining amount of $250,000 of the Equity Investment will be disbursed in 3 instalments in January, February and March 2016. The purchase price for the Shares of IQ 7/24 will be paid in 2018 and will be based on agreed upon multiples of the revenue generated by IQ 7/24 in 2017 and during the first 6 months of 2018. The Equity Investment will be applied towards the purchase price of the Shares of IQ 7/24 acquired on December 22, 2015 and the payment of the balance of the purchase price (the “Balance”) will be paid 70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in cash and 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} in common shares of Mobi724 however the sellers have the option of receiving a larger percentage of the Balance in common shares of Mobi724 and a lower percentage of the Balance in cash.
In addition to creating a gain in operational efficiencies, through the sharing of datacentre, administrative and operating facilities, this acquisition will enable Mobi724 to incorporate IQ 7/24’s portfolio of global brands), as well as a full suite of additional loyalty functionalities, into Mobi724’s portfolio of solutions, including data analytics and expertise and rules based transactional platform. This acquisition will also add IQ 7/24’s proven capabilities to leverage data intelligence functionalities to enhance the global portfolio profitability of issuers’ cards.
“I.Q. 7/24’s multi-year agreements provide an attractive revenue model as they generate 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of recurring revenues,” stated Marcel Vienneau, CEO of Mobi724.
“We have been working closely with Mobi724 for some time and we are excited to formally become part of the Mobi724 family” declared Daniel Tardif, President of I.Q. 7/24.
Since the transaction is effective since April 1, 2015, Mobi724 will restate its financial statements to incorporate IQ 7/24’s financial statements as of April 1, 2015.
Closing of Private Placement of $662,000
Mobi724 also announces that it has successfully closed a Fourth Tranche private placement of $662,000 forming part of the $3,000,000 financing authorized in June 2015 of which $2,147,704 (including the funds raised through the secured convertible debenture issuance) has been raised to date. Pursuant to the private placement, 8,024,242 common shares of the Company were issued at a price of $0.0825. Some holders of the Fourth Tranche also received one (1) common share purchase warrant for every common share issued exercisable at a price of $0.0825 no later than March 31, 2016. The common shares are sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the CSE and will be subject to a four month hold period from the date of closing.
Conversion of Bona Fide Debt by Consultants and Management
The Company also announces that together with the closing of the Fourth Tranche private placement, the Company has issued 1,359,690 common shares in the capital of the Company at a price per share of $0.1125 resulting from the conversion of bona fide debt related to arm`s length consultant services and salary owed to management. The securities of the Company issued pursuant to the private placement are subject to a four-month hold period. The consultants and employees who have accepted common shares have satisfied the purchase price for the common shares by way of set-off of an aggregate amount equal to $152,965. The Company is extinguishing debts through the issuance of common shares as a means to reduce its level of accounts payable while preserving cash.
Conversion of Bona Fide Debt by IQ 7/24
Mobi724 also announces that prior to the completion of the aforementioned transaction with IQ 7/24 the parties agreed that the Company would issue 2,000,000 common shares of Mobi724 at a price per share of $0.05 to convert a bona fide debt owed by the Company to IQ 7/24. The 2 million common shares of the Company issued pursuant to this conversion of debt are subject to a four-month hold period.
Renewal of an Unsecured Convertible Debenture held by an Institutional Investment Fund
Mobi724 has renewed the terms of a convertible unsecured debenture issued on October 30, 2014 to an institutional investment fund in the amount of $1 million. The existing convertible debenture bears interest at a rate of 10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and matures on December 31, 2015. The capital carried forward of the renewed convertible debenture, which will accrue interest at a rate of 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum and mature on December 31, 2015 (the “New Maturity Date”), is equal to $1,117,954. The renewed convertible debenture will be convertible at the option of the holder into common shares of the Company, on or prior to the New Maturity Date, at a conversion price of $0.35 per common share subject to a price adjustment clause, which is also subject to the Canadian Securities Exchange.
About I.Q. 7/24 Inc.
I.Q. 7/24 Inc. is a leading Canadian provider of loyalty and customer-engagement marketing solutions, driving increased retail profitability by creating customized retention, activation and loyalty programs. It has developed over the last 7 years as one of the most innovative and robust loyalty and rewards redemption platforms in the market. I.Q. 7/24 provides an agile, state-of-the-art technological platform as well as consulting services to manage programs and maximize retail ROI. I.Q. 7/24 presently specializes in both the automotive and power-sports industries, with about 300 dealerships across Canada and is expanding its expertise to include the hospitality and general retail sectors
About Mobi724 Global Solutions
Mobi724 Global Solutions (MOS:CSE), a corporation based in Montreal, Canada, is a technology leader in digital incentives and payment solutions. It offers a unique and fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to enhance the value of commoditized payment transactions to the players in this eco-system (ex: customers, banks, mobile carriers and retailers) by adding layers of intelligence to these transactions (i.e. smart transactions) in a seamless manner.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to delivering unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable 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.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Mobi724 S.R.L., a Wholly Owned Subsidiary of MOBI724 Global Solutions Inc. (CSE:MOS), Signs a Commercial Agreement With Movistar to Provide its Coupon Solution to Movistar’s 17 M Subscribers
MONTREAL, QUEBEC–(Marketwired – Nov. 5, 2015) – Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that its wholly owned Argentinian subsidiary, Mobi724 S.R.L., has signed a commercial agreement with Movistar to design, implement, integrate, manage and support MOBI724’s mobile coupons solution for Movistar’s Discount and Rewards program.
MOBI724’s innovative global mobile couponing solution will allow Movistar to create, manage and send mobile campaigns to their 17 million subscribers, who will be able to redeem the couponing benefits directly at any point of sale operated by a participating retailer enrolled by MOBI724.
Marcel Vienneau, CEO of the Company, stated: “We are thrilled to team up with such a global leader and offer the best of breed mobile couponing solution for Movistar’s benefits program, a major communication platform, for their 17 million customers. This level of confidence confirms that our approach in developing innovative value added solutions in a very competitive market is gaining momentum.”
About Movistar
Movistar is the major Spanish mobile phone operator owned by Telefónica S.A. It operates in Spain and in most Latin American countries (including Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, Venezuela, Colombia, Mexico, Guatemala, Panamá, El Salvador, Costa Rica and Nicaragua). Movistar is the largest carrier in Spain with 22 million customers (cellphone services only) and 41.58{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of market share. In Latin America, Movistar has a 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} market share with almost 200 million subscribers. In Argentina, Movistar has a 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} market share with a base of 17 million subscribers.
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE:MOS), a corporation based in Montreal, Canada, is a technology leader in digital incentives and payment solutions. It offers a unique and fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to enhance the value of commoditized payment transactions to the players in this eco-system (ex: customers, banks, mobile carriers and retailers) by adding layers of intelligence to these transactions (i.e. smart transactions) in a seamless manner.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to delivering unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable 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.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on Mobi724 Global Solutions, 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.
Mr. Marcel Vienneau
1-514-394-5200 Ext 413
www.mobi724globalsolutions.com
- Published in Mobi724 Global Solutions
Mobi724 Global Solutions Inc. (CSE:MOS) Acquires the Remaining 49 Shares of Mobi724 Solutions Inc. (“Solutions Inc.”)
MONTREAL, QUEBEC–(Marketwired – Oct. 29, 2015) – Mobi724 Global Solutions Inc. (the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that it has successfully completed the acquisition of the remaining 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} tranche of Solutions Inc. The Company had initially acquired a 51{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} controlling interest in Solutions Inc. in July 2013. This transaction renders Solutions Inc. a wholly owned subsidiary of the Company.
Stephane Boisvert, Chairman of the Board stated: “As one of the instigators of the initial transaction 2 years ago, I am very pleased as this transaction will bring the digital couponing solution, which is now core to our suite of solutions and which is already generating revenue from multiple global brands in various countries, 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} under the Company’s control.”
The purchase price for the remaining 49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} shares of Solutions Inc. represents 20.70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015 (the “Purchase Price”) after issuance of shares to the remaining shareholders of Solutions Inc. (the “Remaining Shareholders of Solutions Inc.”). At closing, the Remaining Shareholders of Solutions Inc. received 14,493,074 common shares of the Company which represents 20.70{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015. The Purchase Price is subject to a pre-defined anti-dilution provision with a cap of 18.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the total issued and outstanding shares of the Company. The anti-dilution provision covers the current $3,200,000 round of financing, which the Company is seeking to raise and all outstanding debentures that are slated to be converted at year’s end including the debentures converted on October 20, 2015.
As the CEO of the Company, Marcel Vienneau stated: “Today all of the founders of Mobi724 Solutions Inc. are key executives of the Company. This shows the degree of confidence and commitment that the founders of Mobi724 Solutions Inc. have in the future success of the Company. As a shareholder group, the shareholders of Mobi724 Solutions Inc. now represent the largest shareholder group of the Company and, as key members of the management team, we intend to accelerate the creation of value for all of the Company’s investors. Our digital incentives and couponing solutions are very innovative and bring a great deal of value to players in the global payment space such as banks, mobile carriers and large retailers. Our “best of the breed” solutions are in revenue mode and have begun to gain traction with many global brands in multiple countries. All of this simply adds to the Company’s ‘smart transaction’ vision.”
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE: MOS), a corporation based in Montreal, Canada, is a technology leader whereas we offer a unique fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to leverage commoditized payment transactions with layers of intelligence on top of these transactions (smart transactions) and enhance their value for the players in this eco-system: customers, banks, mobile carriers and retailers in a seamless experience.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable 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.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724 PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
SOURCE Mobi724 Global Solutions Inc.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Corporation’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 Corporation 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 Corporation or to any individual expressing them in the name of the Corporation. Unless required by law, the Corporation 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.
Mr. Marcel Vienneau
1-514-394-5200 Ext 413
www.mobi724globalsolutions.com
- Published in Mobi724 Global Solutions
Mobi724 Global Solutions Inc. (CSE:MOS) Conversion of Debenture and Bona Fide Debt
MONTREAL, QUEBEC–(Marketwired – Oct. 28, 2015) – Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that on October 20th, 2015 the debenture of $1,900,000 issued between April and July 2014 (the “April-July 2014 Debenture”) was converted into common shares of the Company. The capital and interest accrued up to October 20th, 2015 of the April-July 2014 Debenture, which amounted to $2,190,507, were converted at a price of $1.00 per common share. Pursuant to the terms of the April-July 2014 Debenture each converted common share carries with it a 3/4 purchase warrant with an exercise price of $1.45 which expires 24 months from the date of issuance. As a result of the aforementioned conversion, 2,190,507 common shares and 1,642,880.19 purchase warrants were issued.
The Company further announces that today it converted bona fide debts owing to its suppliers, employees, consultants and creditors (the “Interested Parties”) totalling $931,208.98 into common shares of the Company (the “Debt to Equity Transaction”) at an average conversion price of $0.17 per share. As a result of this Debt to Equity Transaction the Company issued 5,575,029 common shares to the Interested Parties.
About Mobi724 Global Solutions
Mobi724 Global Solutions (CSE:MOS), a corporation based in Montreal, Canada, is a technology leader whereas we offer a unique fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to leverage commoditized payment transactions with layers of intelligence on top of these transactions (smart transactions) and enhance their value for the players in this eco-system: customers, banks, mobile carriers and retailers in a seamless experience.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable 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.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724 PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
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.
Mr. Marcel Vienneau
1-514-394-5200 Ext 413
www.mobi724globalsolutions.com
- Published in Mobi724 Global Solutions