MOBI724 Global Solutions Initiates Blockchain Capability through Partnership with DLT Labs
MONTREAL, April 10, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (TSX-V:MOS) (OTCQB:MOBIF), a Fintech leader offering all-in-one, fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions, announces that it has a signed a multi-phase product development agreement with DLT Labs Inc. (“DTL”) (dltlabs.io) to enable the integration of blockchain technology within MOBI724’s product portfolio.
This multi-phase agreement encompasses all MOBI724’ s products and will initially focus on the Company’s digital marketing and loyalty program management platform, which is particularly favorable for quick implementation of a closed loop solution powered by blockchain for all customer transactional data, and customer point data (Points Bank). Future phases of the agreement will involve the integration of blockchain technology to the rest of MOBI724’s growing product portfolio.
Chairman & CEO of DLT, Loudon Owen, said, “DLT’s suite of products will enable MOBI724 to harness the power of blockchain as it continues to deliver a leading portfolio of loyalty and fintech products.”
With offices in Canada, India and Japan, DLT is a global leader in the development and implementation of Blockchain solutions for enterprises. With the world's premier team of distributed application designers and integrators, DLT has extensive enterprise experience and expertise with all distributed ledger/Blockchain technologies including Ethereum, Hyperledger's Fabric, R3's Corda, JP Morgan's Quorum, and other leading enterprise platforms. DLT's leading group of architects use proprietary DNC Cluster Framework and Parent & Child Smart Contract Architecture to design and deploy a suite of secure and scalable Distributed Applications that provide enterprise solutions for data and digital asset provenance storage, management and exchange. DLT is an Authorized IBM Business Partner.
Marcel Vienneau, CEO of MOBI724, said, "One of our goals is to extend MOBI724’s advanced technology into new core applications. Having established itself as proven leader in the rapidly evolving blockchain space, DLT’s experience and expertise, coupled with our team’s proven knowledge of the loyalty space and cardlink, will help accelerate the integration of blockchain capabilities with distributed ledger technology within MOBI724’s entire product portfolio.
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.
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 TSX Venture Exchange (TSXV) 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.
For further information, please visit www.MOBI724.com or contact:
Mr. Andreas Curkovic
Proconsul Capital Ltd.
Released April 10, 2018