MOBI724 Global Solutions (CSE: MOS) (OTCQB: MOBIF) Q1 financial release – revenues increase by 42% in Q1 2017 versus Q1 2016
MONTREAL, Canada – May 30, 2017 – MOBI724 Global Solutions Inc. (MOBI724) (CSE: MOS) (OTCQB:MOBIF), a FinTech leader offering integrated EMV payment, Card-Linked Offers and Digital Marketing, has filed its Q1 financial results for quarter ending on March 31 2017. MOBI724 is proud to announce that revenues continue to increase in the first quarter. Revenue grew 42% to $ 792K in 2017 from $557K in 2016 while our burn rate remains aligned with our business plan.
“These results confirm that we are steadily growing and creating value to our shareholders. In Q1 we confirmed 2 (two) Blue-Sky Opportunities and set the organizational structure to execute our aggressive business plan. Our sales pipeline has grown materially giving us the confidence to execute on the plan for the remainder of the year and beyond“ says Marcel Vienneau – CEO.
MOBI724, a leader in the fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. MOBI724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, 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.
Forward Looking Statements
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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
For further information
MOBI724 Global Solutions Inc.
Marcel Vienneau, CEO
1-514-394-5200 x 413
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