GARDEN CITY, N.Y., Feb. 11, 2015 (GLOBE NEWSWIRE) -- Mobiquity Networks, a wholly owned subsidiary of Mobiquity Technologies, Inc. (OTCQB:MOBQ) ("Mobiquity" or "the Company"), which operates a national location-based mobile advertising network, has reached an agreement that will enable ShopAdvisor's nearly two million mobile app users to be uniquely notified of preferred and relevant products that are available near them.
Mobiquity Networks has the largest shopping mall-based beacon mobile advertising network in the country. The network footprint currently includes 220 premier U.S. shopping malls and will grow to more than 240 mall locations. The current network includes such iconic properties as Roosevelt Field Mall in New York, King of Prussia Mall in Pennsylvania, Sawgrass Mills Mall in Florida, The Galleria in Texas, and Brea Mall in California.
ShopAdvisor is a leading personal shopping concierge for consumers, providing information on some 210 million products from more than 16,000 retailers. The ShopAdvisor shopping website and mobile apps advise when, where, and what to shop, providing real time alerts when prices drop on items of interest. Consumers identify products they are interested in and ShopAdvisor facilitates personalized offers on those products. Through highly relevant messaging, ShopAdvisor connects brands with consumers, matching what the user wants to buy with what stores and brands are able to offer.
Through the Mobiquity Networks/ShopAdvisor arrangement, ShopAdvisor's mobile users will know when they are physically close to retailers carrying their favorite products, receive current price and offer details, and will be alerted if there is an offer in proximity for a product that is similar to something for which they've shown a preference.
"The combination of proximity and preference is powerful. We believe ShopAdvisor mobile users will benefit with relevant local offers and information," said Dean Julia, Co-CEO for Mobiquity Networks.
"The ShopAdvisor and Mobiquity Networks partnership will provide our mobile users with greater opportunities to access promotions and offers on products they love within their local area," said Scott Cooper, Founder & CEO of ShopAdvisor. "The combination of the user preference information provided by ShopAdvisor and the reach and proximity information provided by the Mobiquity Technologies network will provide brands and retailers the opportunity to better engage with potential shoppers."
About Mobiquity Technologies
Mobiquity Technologies, Inc. (OTCQB:MOBQ) ("Mobiquity"), parent company of Mobiquity Networks, operates a national location-based mobile advertising network that has developed a consumer-focused proximity network which we believe is unlike any other in the United States. Mobiquity's integrated suite of leading-edge location based mobile advertising technologies allows our clients to execute more personalized and contextually relevant experiences, driving brand awareness and incremental revenue. Mobiquity Technologies will continue to attempt to expand its location-based mobile advertising solutions to create "smart malls" in retail destinations across the U.S. using Bluetooth-enabled iBeacon technology. Please visit the Company's corporate websites at: www.mobiquitytechnologies.com and www.mobiquitynetworks.com.
About ShopAdvisor
ShopAdvisor is a personal shopping concierge for consumers that enhances their shopping experience by providing insider knowledge to advise on when, where, and what to shop. Shoppers can save items they love and be alerted when the time to buy is right, saving time and money. ShopAdvisor also works with more than 30 media publishers, including Cosmopolitan, People StyleWatch, Marie Claire, Men's Health, Cooking Light, Real Simple, and many more to allow shoppers to shop directly from the publishers' omni-channel content.
Consumers can download the free ShopAdvisor mobile app for their iOS or Android device, or go to ShopAdvisor.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes of competition, possible loss of customers, and the company's ability to attract and retain key personnel.