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Abstract
(Marketwired - Dec. 5, 2014) - Mobio Technologies Inc. (TSX VENTURE:MBO)(OTCQX: MBIOF), ("Mobio" or the "Company") is pleased to announce that it has signed a definitive agreement with Red Thread Media Limited ("RTM"), a UK based technology company, to recapitalize 0968998 BC Ltd., the Company's wholly owned subsidiary which operates the Mobio INsider platform. ("INsider").
"RTM is excited to build upon the potential of INsider. The platform has fantastic opportunities in the connection economy," commented RTM CEO Andrew Graham. "We believe that monetizing international traffic will grow RTM into a premiere digital media company. We are planning to add key functionality to the INsider platform, including Android and iOS applications, advanced geo-targeting of content, a native advertising platform, search engine optimization, and improving upon design to enhance the overall user experience and monetization opportunities."