MONTREAL, March 27, 2020 (GLOBE NEWSWIRE) — Mobi724 Global Solutions Inc. (“Mobi724” or the “Company”) (TSX-V: MOS), a fintech company that offers a suite of integrated technology-agnostic, BI & AI powered card-linked offers & reward solutions is pleased to announce that First Equity Strategy LLC, a wholly owned subsidiary of Mobi724, has accepted an offer from Investissement Quebec for a loan in the amount of $201,100 (the “Loan”) to be secured by a first ranking hypothec on refundable tax credits and has completed all steps required for the Loan to be disbursed. The Loan shall bear interest at prime rate plus two and a half percent (2.5%) and will mature on December 31, 2021 unless repaid earlier in accordance with the terms and conditions of the Loan.
About Mobi724 Global Solutions Inc.“Processing Smart Transactions Anywhere”Mobi724 Global Solutions Inc. (TSX-V: MOS) is a fintech company headquartered in Montreal, Canada. The company offers a suite of integrated technology-agnostic, BI & AI powered card-linked offers & reward solutions that work with any digital payment method, at any point of sale, both online and in physical locations. Mobi724’s global processing platform enables card issuing banks, payment networks, merchants and loyalty program operators to generate incremental revenues by driving new commercial opportunities, while delivering seamless engaging and rewarding experiences to cardholders.Legal DisclaimerCertain statements in this document, including those which express management 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:Eli Rozhansky
Investor Relations
Mobi724 Global Solutions Inc.
T: 514-394-5200
[email protected]Marcel Vienneau, CEO
T : 514-394-5200
[email protected]
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