Mobi724 Global Solutions Inc.
CNSX : MOS

Mobi724 Global Solutions Inc.

February 20, 2015 15:43 ET

Mobi724 Global Solutions (CSE:MOS) Formerly Hybrid Paytech World (CSE:HPT) Amendment of Debenture Conversion Price

MONTREAL, QUEBEC--(Marketwired - Feb. 20, 2015) - Mobi724 Global Solutions Inc. ("Mobi724" or the "Company") (CSE:MOS), formerly Hybrid Paytech World Inc. (CSE:HPT), a technology leader in the digital incentives, couponing and payment space, announces that the debenture holders of a convertible debenture issued by the Company on November 22, 2013 ("Nov2013 Debenture") were offered the opportunity to reduce the conversion price of the shares set forth in the Nov2013 Debenture from $1.25 to $0.35 per share and to reduce the strike price of the warrants set forth in the Nov2013 Debenture from $1.60 to $0.50 per share provided the Nov2013 Debenture holders participated in the $3,000,000 convertible debenture financing previously announced on October 30, 2014 ("Oct2014 Debenture") by investing $1.00 in the Oct2014 Debenture for every $2.50 invested in the Nov2013 Debenture. The Company is pleased to announce that approximately 70% of the Nov2013 Debenture holders (both in number and value) have accepted the aforementioned offer thereby allowing the Company to raise an amount of $145,000; $25,000 of which has been closed and the balance is announced to close on Monday, February 23, 2015.

The holders of the Nov2013 Debenture that have invested in the Oct2014 Debenture will proceed to convert their Nov2013 Debenture in accordance with the amended price and the others will convert said debenture as per the original conversion price.

About Mobi724 Global Solutions

Mobi724 Global Solutions (CSE:MOS), formerly Hybrid PayTech World Inc. (CSE:HPT), a corporation based in Montreal, Canada, is a technology leader in digital incentives (such as mobile couponing & loyalty rewards) and payment solutions (including mobile payment).

Mobi724 Global Solutions unleashes the true potential of both payment and couponing/rewards transactions for both online and offline points of sale.

The company is fully dedicated to deliver unique "real time" and seamless digital promotional incentives (coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The company provides to its customers full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and "track & measure" incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.

Our credit and debit payment solutions, focusing on authentication, approved security and quick merchant adoption allows our users to process payments with a wide range of devices over a secure and seamless transaction.

Our PCI and EMV cloud-based switch, with our device agnostic connectivity, simplifies deployment, integration and introduces new payment and digital incentives solutions to the market.

For more information on its products and on Mobi724 Global Solutions, visit www.mobi724globalsolutions.com or contact Mr. Marcel Vienneau: 1-514-394-5200 Ext 413.

Certain statements in this document, including those which express management's expectations or estimations with regard to the Company's future performance, constitute "forward-looking statements" as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.

Contact Information