BLAINE, Wash., May 5, 2014 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCBB:MPAY) announces that it has entered into a strategic partnership with VTS (Vancouver Telecarrier Services, Inc.) for the sale of Mobetize's solution to retail telecom operators.
Stephen Fowler, President, Mobetize Corp. stated, "We are very pleased to partner with VTS to gain exposure for our solution among telecom operators in the U.S. and Canada. Specifically, VTS has relationships with telecom operators who specialize in ethnic markets in North America, Eastern Europe and the Middle East, representing a potential market of five million customers just in North America. We view this partnership as a significant opportunity to access a customer demographic likely to have a need for the mobile financial services Mobetize can provide."
Donald Kim Co-Founder and Vice President of VTS stated, "Our team at VTS is excited to be working with Mobetize. Mobetize's expertise and our marketing and unique product platform will create significant revenue opportunities for many of the telecom operators we will be meeting."
In mid-May VTS will begin introducing Mobetize as part of its customizable product platform designed to help telecom operators add revenue streams, build customer loyalty and prevent churn.
About Mobetize Corp.
Mobetize Corp. (MPAY) is a technology leader in mobile commerce payment solutions. The Company's smart solutions platform makes mobile financial services a reality and empowers its customers to increase ARPU and decrease churn while making unsurpassed improvement to customer retention. Mobetize solutions shift existing e-commerce to mobile with unrivaled simplicity, efficiency and cost-effectiveness.
Mobetize's brand-able platform brings mobile devices secure and easy bill management, payments, recharge, domestic money transfers, international remittances, point-of-sale functionality and numerous other related technologies. Mobetize provides the industry's most complete mobile solutions platform to both telecommunications operators and payment gateways. For more information, visit http://www.mobetize.com.
This press release includes statements that are not historical in nature and may be characterized as "forward-looking statements," including those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. All predictions as to future results contain a measure of uncertainty and, accordingly, actual results could differ materially. Among the factors which could cause a difference are: changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.