LX Ventures Inc.
TSX VENTURE : LXV

LX Ventures Inc.

December 17, 2013 08:00 ET

Growing Fanbase of Mobio INsider Attracts Kendall Jenner

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 17, 2013) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on American television personality and model Kendall Jenner as a social media influencer. Kendall is best known for appearing on the reality television series Keeping Up with the Kardashians that is seen in over 150 countries and the PacSun clothing collection she designs with her sister Kylie. Kendall has over 6 million Twitter followers, 7.8 million Instagram followers and 3 million Likes on Facebook.

The successful launch and subsequent growth of Mobio INsider, and addition of big sister Kim Kardashian, has convinced Kendall of the tremendous value that Mobio can bring to fans and influencers alike. Kendall joins a long line of celebrity influencers that will use Mobio INsider as a way to discover and act on fan requests. Mobio INsider allows fans to make requests for photos and answers, and for influencers to easily identify popular ones to produce engaging content.

"Having grown up with social media, I can see how Mobio INsider works to make engaging with fans easier. I'll be able to easily identify what my fans want from me, and to respond to them in real time! I'm excited to see what my fans will ask of me, and to share a bit more about myself!" said Kendall Jenner.

Mark Binns, president of Mobio, said, "We're super happy to have Kendall on board. She is an established social star and model and we're happy to give her fans the chance to interact with her on a more intimate level. Mobio is the perfect platform for Kendall to provide her fans with exclusive pics that they want to see!"

About LX Ventures

LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.

About Mobio

Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobio.net.

ON BEHALF OF THE BOARD

LX VENTURES INC.

Mike Edwards, CEO

CAUTIONARY NOTE: 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 LX 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 LX are those risks described herein and from time to time, in the filings made by LX 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.

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