SOURCE: Vemanti Group, Inc.

March 01, 2016 09:00 ET

Vemanti Group Signs Memorandum of Understanding With MobiFone Global for Movies and TV Streaming Cooperation

IRVINE, CA--(Marketwired - March 01, 2016) - Vemanti Group, Inc. (OTC PINK: VMNT), a diversified holding company, has signed a Memorandum of Understanding (MOU) with MobiFone Global, a subsidiary of MobiFone, as a first step of joined cooperation on deploying an online movie and TV streaming service aimed at Vietnamese-American consumers.

The companies are excited about the first step in formalizing a relationship where joint efforts and strategies can be discussed as part of a plan to provide global digital media services.

Tan Tran, CEO of Vemanti commented, "Being the 4th largest group of the Asian-American population in the US with a projected buying power of $100 billion by 2018, the Vietnamese community is underserved in all media aspects and that's exactly where we see the opportunity. We envision providing an Over The Top (OTT) streaming service where Vietnamese-centric shows, movies, series, documentaries, etc. can be watched via PC web browsers, mobile devices, built-in TV apps, and market leading set-top boxes. We don't want to disrupt the existing streaming services, but simply complement what's already out there for dual-language viewers. Our goal is to become the "first stop" for the Vietnamese-American community. Our uniqueness will come from providing Vietnamese-American viewers with movies and TV shows, classic and current, they just can't get on the popular streaming services or public channels, no matter how much they want to pay. This arrangement with MobiFone Global will strengthen and catapult Vemanti's efforts."

About the Vemanti Group

Vemanti Group, Inc. (OTC PINK: VMNT), http://www.vemanti.com, is active in the high-growth and technology-driven markets of telecommunications, technology, financial, and consumer services. They provide core products and solutions as well as new market redefining trends for both consumer and business segments where the key business model is based on recurring revenues.

About Mobifone Global

MobiFone Global and Technology JSC (MobiFone Global), http://mobifoneglobal.vn/en/gioi-thieu/, is a subsidiary of Vietnam Mobile Services Company (MobiFone), the first and currently 2nd largest mobile telecommunications provider in Vietnam. MobiFone Global has subsidiaries in the United States, Singapore, Hong Kong, Czech Republic and two representative offices in Myanmar and Cambodia. MobiFone Global was awarded the Best Telecommunications Service Company from 2008 to 2010 by the Prime Minister of Vietnam and recognized as the leading telecommunications company over the past few years by the Ministry of Information and Communications of Vietnam.

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The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.

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