SEATTLE, Feb. 29, 2012 (GLOBE NEWSWIRE) -- Imogo Mobile Technologies Corp. (OTCQB:IMTC) (formally Monza Ventures Inc. (OTCBB:MZAV) or the "Company") is pleased to announce it is expanding into the high growth area of Cloud Computing Services and Cloud Data Storage. With Cloud Computing being one of the fastest growing sectors in business, the management of Imogo (previously Monza Ventures) is confident this strategy will provide a basis for growth and value for the shareholders.
To facilitate expanding into this arena, management has focused on locating an emerging technology company that is currently in this sector of business for acquisition. This has led the Company to the discovery of Imogo Mobile Technologies Corp., a private Pacific Northwest company with an advanced Cloud Computing technology platform. Imogo's "Office Anywhere" platform offers a highly competitive mobile solution at both the corporate and a consumer level. With their secure office anywhere-anytime technology, users no longer have to be tied to their desktop computer or fear losing their data and files, now they can be totally mobile and secure as if being in an office. With the recent surge and breakout of tablet computer sales such as the Apple iPad, this creates a unique opportunity to leverage the popularity of tablets and create a high growth enterprise with a potentially limitless revenue stream. This acquisition will place the Company at the forefront of this new technology business.
The Company has entered into an LOI to acquire Imogo Mobile Technologies Corp. in an all stock transaction. The Company will issue 15,563,186 shares from treasury to Imogo Mobile Technologies Corp. In anticipation of the acquisition Monza applied for a name change and will no longer be known as Monza Ventures Inc but as Imogo Mobile Technologies Corp., symbol: IMTC: OTCQB.
About Imogo
Imogo Mobile Technologies Corp.-IMTC: OTCQB is an innovative provider of cloud computing solutions for organizations seeking to securely integrate mobile devices such as tablets and smart phones into their enterprise ecosystem, increasing productivity and lowering their IT costs. Our solutions, including a Private Cloud Portal, enable mission critical businesses to connect, collaborate and communicate around the globe. Personal Private Cloud platform and application services include: High quality digital telephony for PC's and tablets, hosted exchange and unified messaging, hosted terminal services, and off-site secure data storage and backup services. Please visit www.Imogo.com for more details.
Notice Regarding Forward-Looking Statements
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the "Acts"). In particular, the words "believe," "may," "could," "should," "expect," "anticipate," "estimate," "project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements and are subject to the safe harbor created by these Acts. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. These risks and others are included from time to time in documents we file with the Securities and Exchange Commission ("SEC"), including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on our future results. Accordingly, you should not place undue reliance on these forward-looking statements. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the Company.