LX Ventures Inc.
TSX VENTURE : LXV

LX Ventures Inc.

November 01, 2013 08:00 ET

LX Ventures Portfolio Company Mobio Signs the Vampire Diaries Star Paul Wesley

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 1, 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 Paul Wesley as a social media influencer. Paul Wesley is an American actor, producer, and will venture into directing in 2014. Mr. Wesley is best known for his roles as Stefan Salvatore in The CW television drama The Vampire Diaries and as Aaron Corbett in the ABC Family miniseries Fallen. Mr. Wesley was hand selected to join the launch of Mobio based on his exceptional fan engagement on Twitter. His 2.4 million Twitter followers actively Retweet and Favorite his content, putting him in a league of his own for virality and engagement.

Mark Binns, president of Mobio, said, "We carefully measure engagement on Twitter by fan base, and Paul's fans are among the very best. They latch onto his content and share it aggressively giving him a high virality coefficient, making him the perfect addition to Mobio. Our platform was custom built for stars like Paul."

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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