VANCOUVER, BC--(Marketwired - January 31, 2017) - Mobio Technologies Inc. (TSX VENTURE: MBO), ("Mobio" or the "Company") today announces that its Chief Financial Officer, Kevin Rathbun, has resigned his position to pursue other interests effective January 31, 2017. Mobio has appointed Sheri Rempel Wennberg as CFO effective February 1, 2017. Mr. Rathbun will assist in a smooth transition of duties to Ms. Rempel and will remain available as a consultant to the Company.

"I would like to thank Kevin for making this transition as smooth as possible and wish him continued success in his future endeavours," said Mobio CEO Laurie Baggio.

Ms. Rempel has more than 25 years of experience with multiple reporting issuers in financial reporting, regulatory compliance, internal control and corporate finance activities. She is currently CFO of NU2U Resources Inc., Serengeti Resources Inc., and Fantasy 6 Sports Inc., among other companies.

"Sheri is very familiar with our company and the industry within which we work," says Mr. Baggio. "She has proven experience and is an excellent addition to our team."

About Mobio Technologies Inc.

Mobio is a publicly traded company on the TSX Venture Exchange, headquartered in Vancouver, BC, and runs Strutta.com Media Inc. Strutta is a social promotions platform that helps marketers bring potential customers from stranger to fan to customer, and Strutta's Promotions API provides a technology platform that facilitates social media competitions and campaigns for global brands. For more information visit www.mobio.net.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of Mobio are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Mobio are those risks described herein and from time to time, in the filings made by Mobio with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.