LX Ventures Inc.
TSX VENTURE : LXV

LX Ventures Inc.

March 10, 2014 08:00 ET

Jake T. Austin Starts Using Mobio INsider

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 10, 2014) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that American actor Jake T. Austin has joined Mobio as a social media influencer. Jake started his career as a child actor at the age of seven, and is best known for his role as Max Russo, the youngest of three wizards on Disney Channel original series Wizards of Waverly Place, which also starred Selena Gomez. He currently stars in the ABC Family series 'The Fosters,' which won Choice TV Breakout Show at the 2013 Teen Choice Awards. Jake is a five-time Young Artist Award nominee who is quickly making waves in the entertainment industry. He has a highly energetic and active fan base that is over 3 million Twitter followers and 2 million Facebook Likes strong.

Jake, alongside a growing line of Mobio celebrity influencers, will use Mobio INsider to further tap into his fan base for information that can help enhance the celebrity-fan relationship. Mobio INsider allows influencers to easily identify popular fan requests (questions and pictures) that are widely sought after, and provides a systematic and streamlined process for them to respond to these requests.

"I love my fans and I try to relate to them as much as possible. I really can't wait to start interacting with my fans and answering their questions. I love the 1-1 personal touch Mobio has and am excited to start using it!" said Jake.

Mark Binns, CEO of Mobio, said, "Jake has a very active fan base and we're excited to help him hone in on what they're trying to say to him. Mobio's the perfect platform for someone like Jake who's all about giving back to his fans."

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.mobioinsider.com

About LX Ventures

LX Ventures acquires and accelerates high growth technology companies. LX is 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. For further information about LX Ventures, please visit: www.lxventures.com.

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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