SOURCE: MoneyOnMobile, Inc.

MoneyOnMobile, Inc.

January 24, 2017 08:00 ET

Jim McKelvey, Co-Founder of Square, and Harold Montgomery, CEO of MoneyOnMobile, to Present at RedChip Global Online Conference

DALLAS, TEXAS and MUMBAI, INDIA--(Marketwired - Jan 24, 2017) -  MoneyOnMobile, Inc. (OTCQX: MOMT), announced Jim McKelvey, Co-Founder of Square and Harold Montgomery, CEO of MoneyOnMobile, Inc. will present at the RedChip Global Online Conference on Wednesday, January 25, 2017, at 1:00p.m. Eastern Time.

"The decision by the Indian government to remove large amounts of cash from a cash-based economy created overnight demand for mobile payment providers like MoneyOnMobile. We are excited to tell that story to the RedChip Conference attendees so they can hear how, with a retail merchant footprint of 325,000 stores, MoneyOnMobile is uniquely positioned to serve that demand," said Mr. Montgomery.

The presentation can be viewed at www.RedChip.com. A live Q&A session will follow the investor presentation. 

RedChip's Global Online Growth Conference brings together investors and executives of leading microcap companies, representing a broad spectrum of industries and sectors, including oil & gas, technology, mining, healthcare, consumer goods, energy, and more. More than 10,000 investors attend RedChip's microcap conference series each year.

About MoneyOnMobile, Inc.

MoneyOnMobile, Inc. is a global mobile payments technology and processing company offering mobile payment services through Indian subsidiary. MoneyOnMobile is a mobile payment service provider that enables Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one cell phone to another, using simple SMS text functionality, MoneyOnMobile Application or Web Portal. The service is now offered to Indian consumers through MoneyOnMobile's over 325,000 retail locations throughout the country. Read about MoneyOnMobile in The New York Times at New York Times - MoneyOnMobile.

Safe Harbor Statement

This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. With the exception of historical information, the matters discussed in this presentation are forward-looking statements that involve a number of risks and uncertainties. The actual future results of MoneyOnMobile, Inc. could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general economic climate, as well as the risk factors disclosed in MoneyOnMobile, Inc.'s Form 10-K filed on December 1, 2015. MoneyOnMobile, Inc. may, in some cases, use terms such as "anticipates," "continue," "estimates," "predicts," "believes," "potential," "proposed," "expects," "plans," "intends," "may," "could," "should," "might," "will," or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by MoneyOnMobile, Inc. or any other person, that such forward-looking statements will be achieved. MoneyOnMobile, Inc. undertakes no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

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