Mobi724 Global Solutions Inc.

Mobi724 Global Solutions Inc.

November 05, 2015 08:30 ET

Mobi724 S.R.L., a Wholly Owned Subsidiary of MOBI724 Global Solutions Inc. (CSE:MOS), Signs a Commercial Agreement With Movistar to Provide its Coupon Solution to Movistar's 17 M Subscribers

MONTREAL, QUEBEC--(Marketwired - Nov. 5, 2015) - Mobi724 Global Solutions Inc. ("Mobi724" or the "Company") (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that its wholly owned Argentinian subsidiary, Mobi724 S.R.L., has signed a commercial agreement with Movistar to design, implement, integrate, manage and support MOBI724's mobile coupons solution for Movistar's Discount and Rewards program.

MOBI724's innovative global mobile couponing solution will allow Movistar to create, manage and send mobile campaigns to their 17 million subscribers, who will be able to redeem the couponing benefits directly at any point of sale operated by a participating retailer enrolled by MOBI724.

Marcel Vienneau, CEO of the Company, stated: "We are thrilled to team up with such a global leader and offer the best of breed mobile couponing solution for Movistar's benefits program, a major communication platform, for their 17 million customers. This level of confidence confirms that our approach in developing innovative value added solutions in a very competitive market is gaining momentum."

About Movistar

Movistar is the major Spanish mobile phone operator owned by Telefónica S.A. It operates in Spain and in most Latin American countries (including Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, Venezuela, Colombia, Mexico, Guatemala, Panamá, El Salvador, Costa Rica and Nicaragua). Movistar is the largest carrier in Spain with 22 million customers (cellphone services only) and 41.58% of market share. In Latin America, Movistar has a 30% market share with almost 200 million subscribers. In Argentina, Movistar has a 35% market share with a base of 17 million subscribers.

About Mobi724 Global Solutions

Mobi724 Global Solutions (CSE:MOS), a corporation based in Montreal, Canada, is a technology leader in digital incentives and payment solutions. It offers a unique and fully integrated suite of solutions - PAYMENT-COUPONING AND LOYALTY all in one.

Our vision is to enhance the value of commoditized payment transactions to the players in this eco-system (ex: customers, banks, mobile carriers and retailers) by adding layers of intelligence to these transactions (i.e. smart transactions) in a seamless manner.

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

The Corporation is fully dedicated to delivering unique "real time" and seamless digital promotional incentives (coupons including card linked coupons, bank cards, loyalty rewards) embedded into the most secured payment environment. The Corporation provides its customers with 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 and measure" incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.

Their credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.

Mobi724's PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.

For more information on its products and on Mobi724 Global Solutions, visit

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.

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