MONTREAL, QUEBEC — (Marketwired) — 11/05/15 — Marcel Vienneau (the “Vienneau”) the CEO of Mobi Global Solutions Inc. (“Company”) announced that on October 28, 2015, Vienneau acquired control over 9,632,118 common shares (“Common Shares”) of the Company as the consideration received for the Company purchasing the remaining 49% in its subsidiary Mobi724 Solutions Inc. (“Solutions Inc.”) Vienneau being part of the remaining 49% shareholders of Solutions Inc. The Company had initially acquired a 51% controlling interest in Solutions Inc. in July 2013. This transaction renders Solutions Inc. a wholly owned subsidiary of the Company. The control over the Common Shares acquired represents 12.4% of the issued and outstanding shares of the Issuer. Immediately after the acquisition, Vienneau currently holds 10,396,540 Common Shares representing 13.4% of the outstanding shares.
The Common Shares were acquired in the context of an acquisition by the Company of the remaining 49% shares of Solutions Inc. and not with a view of materially affecting control of the Company.
This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers which requires a report to be filed under the Company–s profile on SEDAR () containing additional information respecting the foregoing matters. A copy of such report may be obtained by contacting Luc Charbonneau, CFO, at Mobi724 Global Solutions Inc, 257, Sherbrooke Street East, 4th Floor, Montreal, Quebec, H2X 1E3.
About Mobi724 Global Solutions
Mobi724 Global Solutions, a corporation based in Montreal, Canada, is a technology leader whereas we offer a unique fully integrated suite of solutions – PAYMENT-COUPONING AND LOYALTY all in one. Our vision is to leverage commoditized payment transactions with layers of intelligence on top of these transactions (smart transactions) and enhance their value for the players in this eco-system: customers, banks, mobile carriers and retailers in a seamless experience.
Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.
The Corporation is fully dedicated to deliver unique “real time” and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724 PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
SOURCE Mobi724 Global Solutions Inc.
Contacts:
Mobi724 Global Solutions Inc.
Mr. Marcel Vienneau
1-514-394-5200 Ext 413
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