LX Ventures Inc.

LX Ventures Inc.

June 23, 2014 08:30 ET

LX Ventures Inc. to Change Its Name to Mobio Technologies Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2014) - LX Ventures Inc. (TSX VENTURE:LXV) (the "Company") announces that it will be changing its corporate name from "LX Ventures Inc." to "Mobio Technologies Inc.". Concurrently with the name change, the Company will begin trading as "MBO" on the TSX Venture Exchange (the "Exchange") and no longer be quoted under the symbol "LXV". The effective date of the name change remains subject to the approval of the Exchange.

Additionally, the Company is well advanced in its application process to be listed for trading on the OTCQX in the United States, with the intention to commence trading in the U.S. contemporaneous with the change of the Company's name to Mobio Technologies later this month.

"Changing the Company's name to Mobio Technologies is a practical step given that the Mobio social media platform is our primary focus" commented Mike Edwards, CEO of the Company. "As we are on the cusp of introducing product enhancements such as video capabilities and accelerating the 'Be Social. Get Paid' revenue sharing platform, making the Mobio brand synonymous with our corporate identity provides the market clarity on what we're all about. Additionally, obtaining a quotation for the Company's shares in the United States, where social media platforms are best understood and valued, will provide a broader audience within the investing community than the Company has previously had. We expect these changes will set the stage for expanded exposure as we unfold the next stage of our evolution."

About LX Ventures

LX Ventures is primarily focused on the development of Mobio INsider, a fan-directed social media platform that allows influencers to monetize high rates of fan engagement. The Company also operates Strutta, a converged social promotions platform. LX Ventures is a publicly traded company on the TSX-V, headquartered in Vancouver, BC. To learn more, visit http://www.lxventures.com.



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

Contact Information

  • Liolios Group Inc.
    Scott Liolios or Wojtek Nowak