MONTREAL, July 16, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”)
(TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company offering a fully integrated suite of multiple EMV payment Card-Linked, Digital
Marketing and Business Intelligence Solutions announces that its debenture extension, previously announced in a press release dated
June 29, 2018, has been approved by the TSX Venture Exchange (the “Exchange”).
The approval of the extension will extend the maturity date of a $2,705,566.03 at 12% interest bearing debenture
which is convertible into common shares of the Company at $0.35 per share (the “Debenture”) that was originally issued on September
1, 2016. Pursuant to the approved application, the Exchange extends the maturity date until June 30, 2020.
The Company equally announces that Johnny Hawa, Co-founder of MOBI724 Solutions (Couponing) has been appointed
as Chief Operating Officer (“COO”). Mr. Hawa has more than 25 years of experience in setting up organizations focused on sales and
delivery. Mr. Hawa is a natural & successful entrepreneur backed by a solid 16 years career in Ericsson starting in Montreal where
he serviced the American and Asian markets, followed by Spain to service Europe, the Middle East and Africa and finally out of
Argentina to cover Latin America. Johnny has been responsible for several successful platform deployments during the rollout of the
prepaid, IN and multimedia solutions in Asia, EMEA and Latam as part of the large Telecom networks rollout projects. His last
mandate in Ericsson was to head the Multimedia & Systems Integration sales for Latin America. Mr. Hawa has a long track record in
delivering quality solutions and services to the customers. For the past 5 years Mr. Hawa has been MOBI724's VP for Latam and Head
of Operations in the same region securing the initial rollout of MOBI724's solutions in that region and ensuring a high level of
customer satisfaction. Johnny is a Computers and Communications Engineer with an MSc. in Telecom.
Marcel Vienneau, CEO, MOBI724 stated: "We are pleased to have Johnny take on the responsibilities of COO as the
Company enters into another important phase of its growth in North America, the Caribbean, LatAm and Asia. Johnny’s in-depth
knowledge of the industry, and extensive experience with the Company, will ensure that we make steady progress towards our
goals.”
This appointment is subject to TSX Venture Exchange approval.
About Mobi724 Global Solutions Inc.
“We enable smart transactions anywhere”
MOBI724, a global Fintech company, offers a fully integrated suite of multiple Payment Card-linked, Digital
Marketing and Business Intelligence Solutions, which work with any payment card, on any mobile device and at any Point of Sale; and
a mobile EMV compliant payment platform. MOBI724 provides turn-key solutions for card associations, card issuers, banks, retailers,
manufacturers, offer providers, to create, manage, deliver and track and measure incentive campaigns worldwide in real time. The
company captures value from big data to deliver seamless and personalized user experiences for the benefits of all parties in the
ecosystem. MOBI724 headquarters are in Montreal, Canada, and the company presently has operations in North and Latin America, the
Caribbean and Asia Pacific.
Legal Disclaimer
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute a
solicitation to buy or sell any securities in the United States.
For further information, please visit www.MOBI724.com or contact:
Investor Relations:
Mr. George Aizpurua, Vice-President, Communications
First Canadian Capital Corp.
T: 647-500-2389/416-742-5600
E: gaizpurua@firstcanadiancapital.com
Mr. Derek Lindsay
MOBI724 Global Solutions Inc.
Chief Financial Officer
T: 514-394-5200
E: derek.lindsay@mobi724.com
