BLAINE, Wash., June 4, 2014 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCBB:MPAY) announces that it will participate in the 2014 Wavefront Global Market Entry Program in the Middle East from June 8 to June 12, 2014. Through this program, Mobetize will conduct meetings in the United Arab Emirates, Qatar and Saudi Arabia with many of the largest Telecoms in the area such as Etisalat, MTN, Zain, Ooredoo (Qatar Tel) and STC Saudi Telecom.
The Wavefront Global Market Entry Program allows wireless technology companies to promote and discuss their products in foreign markets through an intensive, custom tailored program of B2B meetings, networking and industry events.
Stephen Fowler, President, Mobetize Corp. stated, "We are very excited to be part of such an accredited program that will assist Mobetize in navigating foreign markets and further promote our solutions to an international audience. We look forward to being able to demonstrate our technology to the decision makers at some of the world's largest telecom companies who have hundreds of millions of customers. The Gulf region is one of the largest regions for money transfer or remittances made by overseas foreign workers back to their families. According to the World Bank remittance flows are expected to continue growing, with global remittances expected to exceed $593 billion in 2014. "
About Mobetize Corp.
Mobetize Corp. (MPAY) is a technology leader in mobile commerce payment solutions. The Company's smart solutions platform 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.