Marine Drive Mobile Corp.
OTCQB : MDMC

Marine Drive Mobile Corp.

February 02, 2012 09:45 ET

Senior Financial Technology Expert Joins Marine Drive Mobile; Tony Cinotti to Lead Company's Mobile Banking Division

SAN FRANCISCO, CALIFORNIA--(Marketwire - Feb. 2, 2012) - Marine Drive Mobile Corp. (OTCQB:MDMC) ("Marine Drive Mobile" or the "Company") is pleased to announce the appointment of Tony Cinotti as Vice President Mobile Banking. Cinotti is a senior financial technology expert and co-author of two method patents for processing transactions on smartphones.

"Our business model is based on processing an increasing number of high volume mobile commerce transactions," said Colin MacDonald, Marine Drive Mobile Corp. CEO. "Tony has been creating and developing visionary solutions for the financial sector for over three decades. His secure, encrypted verification method patents are leading the way in how we process mobile payment transactions."

Tony Cinotti is a senior professional and entrepreneur with over 35 years business experience in systems, sales, programming, project management and management consulting. His experience includes building various companies, full cycle project management, systems and data center management, financial systems, vendor management, hands on programming, software sales and marketing, disaster recovery and business continuity planning.

"I am interested in building safe, secure mobile payment systems," said Tony Cinotti, new Vice President of Mobile Banking. "Marine Drive Mobile is committed to developing merchant-friendly software and transaction systems that take advantage of the mobile payment opportunity unfolding all around us. I'm looking forward to working with the Company to develop key sections of the mobile wallet value chain that can be integrated into other platforms."

Cinotti was at forefront of the Disaster Recovery business that emerged in the wake of 9/11. Among his clients was the US Court System in Washington, D.C., which lost contact with all Federal judges immediately following September 11, 2001. In addition, he worked with many financial institutions that relied heavily on local communications hubs that were knocked out cutting off much of the communications with the banks doing business at the World Trade Center.

Tony began his career with Kuhn Loeb & Company as the CIO responsible for all systems, programming and data center operations. He continued his career with Morgan Stanley and was responsible for Equity and Government Trading as well as Broker Commissions and Management and Planning systems. Upon leaving, he founded DP Sciences Inc. This company provided Management and Systems consulting and solutions to the Financial Community. In addition, DP Sciences was a service organization processing over 97% of all Equity IPO's (Initial Public Offerings) for more than 30 clients.

Tony has been a part of The New York Futures Exchange and was a registered Floor Broker. Tony is a director of Verified Transactions Corp. and Riptide Trading Inc. Tony holds an AAS degree in Marketing, a Bachelors degree in Marketing Management from Baruch College, CCNY, and an ABCP from the Disaster Recovery Institute.

About Marine Drive Mobile Corp.

Marine Drive Mobile Corp. (MDMC) is a San Francisco-based developer of transactional Mobile Commerce (m-Commerce) applications and services. Marine Drive Mobile connects merchants and consumers through our proprietary software platform and business systems. Our goal is to revolutionize the e-coupon space by giving business owners and merchants the ability to create and promote unlimited online deals quickly and easily. Our flagship product, eTeeoff (www.eTeeoff.com), was launched to introduce golf industry merchants to a zero-cost way to create deals and offer their own electronic coupons. For more information on Marine Drive Mobile Corp. contact investor relations at 415.839.1055, investors@marinedrive.com or visit www.marinedrive.com.

This news release may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this news release. Investors are urged to consider closely the disclosure in the Company's Form 10-K and subsequent filings, which may be obtained directly from the Company, or from the SEC website at http://www.sec.gov/edgar.shtml.

Contact Information