SOURCE: MoneyOnMobile, Inc.

MoneyOnMobile, Inc.

October 13, 2016 08:00 ET

MoneyOnMobile, Inc. Rejoins OTCQX

DALLAS, TX and MUMBAI, INDIA--(Marketwired - Oct 13, 2016) -  MoneyOnMobile, Inc. (OTCQX: CLPI) is pleased to announce it begins trading today on OTCQX under the symbol "CLPI." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.

MoneyOnMobile, Inc. is an innovative global mobile payments technology and processing company, operating in India where it transforms the lives of people through its country-wide mobile payment network. These customers have historically been underserved by the traditional financial services industry. MoneyOnMobile promotes financial inclusion by providing local access to a wide array of services required by Indian consumers, making their lives better.

MoneyOnMobile, Inc founder and CEO, Harold Montgomery, says, "Rejoining the OTCQX is a positive achievement in the company's current transformational process. We value the trading prominence that the OTCQX provides our shareholders and the investment community. Our next step is changing our ticker symbol."

About MoneyOnMobile
MoneyOnMobile, Inc. is a mobile payments technology and processing company offering services throughout India. The MoneyOnMobile service enables Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one cell phone to another using simple SMS text functionality. Read about MoneyOnMobile in The New York Times at New York Times - MoneyOnMobile.

Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on August 19, 2016. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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