Mobiquity Technologies, Inc. Reports Replacement of a Director, Hiring of Columbia Marketing Group and Termination of Officer
March 23 2022 - 4:15PM
Mobiquity Technologies, Inc. (NASDAQ: MOBQ) (the “Company”), a
leading provider of next-generation advertising, today announced
that on March 17, 2022, Anthony Iacovone resigned from the
Company’s board of directors for personal reasons. On March 18,
2022, Anne S. Provost was elected to the board of directors to
serve as an independent director and as a financial expert. Ms.
Provost was also nominated to replace Mr. Iacovone on all three
board committees, which consist of an Audit Committee, Compensation
Committee and Nominating and Corporate Governance Committee. Anne
S. Provost has been employed full-time with TNR Technical,
Inc. in various capacities since 1996. She has served as its Chief
Financial Officer since 2008 and was recently elected as Acting
President. Prior to TNR, she worked as a Business Manager with the
Orlando Business Journal. She graduated from the University of
Central Florida in 1991 with a BSBA, Accounting. She completed her
undergraduate degree while working full-time in the accounting
departments of various Orlando law firms. In 2008, she obtained an
Executive MBA from the University of Central Florida.
On March 18, 2022, the Company engaged The
Columbia Marketing Group as an Investor Relations and Business
Development consultant. In addition to increasing the public
awareness of the Mobiquity brand and attract a new investor
audience, the Columbia Marketing Group has been engaged to help
Mobiquity reach a new level of potential strategic partnerships,
consult on the sales side and increase our sphere of influence.
On March 17, 2022, the Company terminated the
Employment Agreement of Don (Trey) W. Barrett III for cause and his
replacement is long time employee, Jed Weissberg. Mr. Weissberg
will serve as SVP of Operations and Finance. In addition to his
established contributions at Mobiquity, Jed has a 20 year history
of building online services, and has worked at Nickelodeon, The New
York Times and the Huffington Post. The Company does not expect to
incur any material early termination penalties regarding Mr.
Barrett, due to the fact the termination was for cause. His
Employment Agreement is summarized in a Form 8-K filed with the
Securities and Exchange Commission on January 6, 2022, which is
incorporated by reference herein. Mr. Barrett served as Chief
Operations and Strategy Officer since January 4, 2022.
About Mobiquity Technologies
Mobiquity Technologies, Inc. is a next generation,
Platform-as-a-Service (PaaS) company for data and advertising. The
Company maintains one of the largest audience databases available
to advertisers and marketers through its data services division.
Mobiquity Technologies’ Advangelists subsidiary
(www.advangelists.com) provides programmatic advertising
technologies and insights on consumer behavior. For more
information, please visit: https://mobiquitytechnologies.com/
About Columbia Marketing Group
Columbia Marketing Group (“CMG”) is a full-service Investor
Relations and Marketing company, connecting companies to their
public. CMG identifies and helps secure participation in key
financial conferences, coordinates quarterly conference calls where
appropriate, and helps assess investor reactions to corporate
initiatives and manages analyst and investor expectations through
their broad base of knowledge in investor breadth and sentiment. In
addition, CMG provides counsel on corporate messaging and refines
those messages based on investor feedback as well as engage
directly with investors to answer questions on behalf of their
client companies as well as a variety of other needs based on each
individual companies needs and requests. For more information,
please visit www.thecolumbiamarketinggroup.com
Safe Harbor Statement This
press release contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Statements that are not
historical facts, including statements about the Company's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. In some cases,
forward-looking statements can be identified by words or phrases
such as "may", "will," "expect," "anticipate," "target," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue,"
"is/are likely to" or other similar expressions. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the SEC. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any duty to
update such information, except as required under applicable
law.
Mobiquity Technologies, Inc. Investor
Relations:
Columbia Marketing Group Email:
john@TheColumbiaMarketingGroup.com Phone: 646-736-1900
Mobiquity Technologies (NASDAQ:MOBQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mobiquity Technologies (NASDAQ:MOBQ)
Historical Stock Chart
From Jul 2023 to Jul 2024