MONTREAL, June 06, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company, offering a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions announces that it has retained First Canadian Capital Corp. (“First Canadian”) to provide investor relations and financial communication services. First Canadian will assist MOBI724 in raising awareness of the Company within the investor and financial community.
Under the terms of the agreement with First Canadian (the "Agreement"), MOBI724 will pay First Canadian $6,000 per month for a minimum period of six (6) months (for an anticipated total cost of $36,000). MOBI724 will also issue as compensation to First Canadian an option to purchase 750,000 common shares at an exercise price of $0.35 per share and be effective for a period of 30 days after the expiration of the Agreement. The options granted will vest in accordance with provisions of the Company's stock option plan and the policies of the TSX Venture Exchange.
"First Canadian is very pleased to be working with the entire Mobi724 management team,” said George Aizpurua, Vice President at First Canadian. Mr. Aizpura added: “Mobi724 is a company where the trajectory looks more and more promising each quarter. The team is coming off record results in 2017, and have a VISA partnership that has already started commercialization in late 2017 and will see greater results going forward. We look forward to adding value to the company’s development and involving our network in support of the global expansion in 2018 and beyond.”
ProConsul Capital Ltd., which has been carrying out investor relations for MOBI724 since Q4 2017, will continue to assist MOBI724. The appointment of First Canadian will serve as a complement to ProConsul Capital Ltd.’s efforts in raising awareness of the Company’s activities within the investor and financial community.
About Mobi724 Global Solutions Inc.
“We enable smart transactions anywhere”
MOBI724, a global Fintech company, offers a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions, which work with any payment card, on any mobile device and at any Point of Sale; and a mobile EMV compliant payment platform. MOBI724 provides turn-key solutions for card associations, card issuers, banks, retailers, manufacturers, offer providers, to create, manage, deliver and track and measure incentive campaigns worldwide in real time. The company captures value from big data to deliver seamless and personalized user experiences for the benefits of all parties in the ecosystem. MOBI724 headquarters are in Montreal, Canada, and the company presently has operations in North and Latin America, the Caribbean and Asia Pacific.
About First Canadian Capital Corp.
Based in Toronto and celebrating its 20th year, First Canadian develops strategic platforms for North American corporations that are utilized to gain exposure and recognition to the capital markets. First Canadian's core competencies are found in identifying quality assets and undervalued companies with high growth potential.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute a solicitation to buy or sell any securities in the United States.
For further information, please visit www.MOBI724.com or contact:
Mr. George Aizpurua, Vice-President, Communications
First Canadian Capital Corp.
T: 647-500-2389/416-742-5600; E: email@example.com
Mr. Andreas Curkovic
Proconsul Capital Ltd.
T: 416-577-9927; E: firstname.lastname@example.org
Mr. Derek Lindsay
MOBI724 Global Solutions Inc.
Chief Financial Officer
T: 514-394-5200; E: email@example.com