MOBI724 Provides Update Regarding Closing Date of Transaction with Ackroo
June 14 2019 - 8:45AM
MOBI724 Global Solutions Inc. (“MOBI724” or the
“Company”) (TSX-V:MOS), a global Fintech company, announces that it
has received conditional approval to proceed with the closing
of the transaction concerning the sale to Ackroo Inc. of certain
assets associated with its wholly owned subsidiary, I.Q. 7/24 Inc.
(“iQ7/24”), which was previously announced on May 9th, 2019 (the
“Transaction”). Significant progress was made in satisfying the
closing conditions of the announced Transaction which iQ7/24 and
Ackroo Inc. expect to close on July 2nd, 2019.
About Ackroo
Ackroo provides merchants of all sizes a robust,
cloud based multi-currency marketing platform to help attract,
engage and grow their customers while increasing their revenues and
margins. Through a SaaS based business model Ackroo provides an
in-store and online automated solution to help merchants process
gift card, loyalty and promotional transactions at the point of
sale, provide key administrative and marketing data, and to allow
customers to access and manage their gift card and loyalty
accounts. Ackroo also provides important marketing services to
assist their merchants with utilizing Ackroo’s technology solution.
Ackroo is headquartered in Ottawa, Canada. For more information,
visit: www.ackroo.com.
About Mobi724 Global Solutions
Inc.
“We enable smart transactions anywhere”
MOBI724, a global Fintech company, offers a
fully integrated suite of multiple Card-Linked Offers and Rewards,
Digital Marketing and Business Intelligence and Payment Solutions
(including a mobile EMV compliant payment platform), which work
with any payment card, on any mobile device and at any Point of
Sale. 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. Marcel VienneauCEO/PresidentMOBI724 Global Solutions Inc.T:
514-394-5200; E: IR@mobi724.com
Mobi724 Global Solutions (TSXV:MOS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mobi724 Global Solutions (TSXV:MOS)
Historical Stock Chart
From Jul 2023 to Jul 2024