LX Ventures Inc.
TSX VENTURE : LXV

LX Ventures Inc.

October 28, 2013 08:00 ET

LX Ventures Portfolio Company Mobio Signs Romeo Miller

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 28, 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 Romeo Miller as a social media influencer. Percy Romeo Miller, Jr. better known by his stage name Romeo (previously Lil' Romeo), is an American rapper, actor, basketball player, entrepreneur, & model. As a rapper, Miller has released several platinum albums and starred in a number of blockbuster movies. He is also the son of music mogul, entrepreneur and philanthropist Percy Miller aka Master P. Romeo's fan base includes more than 500 thousand loyal Twitter followers.

Romeo has selected Mobio as his preferred platform for two-way fan social engagement and dialogue. Mobio has already attracted major influencers such as Ke$ha, Cher Lloyd, and Hot Chelle Rae to engage their fans during Beta testing by asking for the pictures and content that they want most and then responding to create a more personal relationship. Mobio INsider has now completed Beta testing and will be officially launching on December 1st with leading influencers including Mr. Miller.

Mark Binns, president of Mobio, said, "The addition of Romeo to our Mobio INsider family is a great step into a wide range of circles including rap, modeling and sports influencers. Romeo has fans from a wide array of interests and we are happy to help bring him closer to them every day."

"The Mobio platform is valuable to influencers from every industry and the addition of Mr. Miller, who has a diverse and impressive background, shows that the market agrees. Romeo is a great entrance to sports, modeling, and acting influencers for us with more coming soon," said Mike Edwards, CEO of LX Ventures.

"I was sold on Mobio from the first look. I love my fans and I am going to blow it up for them," said Romeo Miller. Enough said.

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 leading fan directed content network that rewards fans with content they have a hand in creating from the stars they love and connects brands to their desired audiences. The platform successfully reaches the youth demographic through a highly engaging social experience, while increasing the star's social media following and boosting awareness of brand partners. The company is headquartered in Vancouver, British Columbia. 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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