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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
mobio.net

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Founded Year

1998

Stage

Acquired | Acquired

Total Raised

$7.95M

About Mobio Technologies

Mobio Technologies is a consumer marketing and technology firm that develops authentication and mobile payment technology.In April 2013, Mobio Technologies was acquired by LX Technologies. The valuation of Mobio Technologies was undisclosed. Other terms of the deal were not released.

Mobio Technologies Headquarter Location

250 375 Water Street

Vancouver, British Columbia, V6b 5c6,

Canada

604-331-0208

Latest Mobio Technologies News

Mobio Announces Investment in SiteMAX Systems Inc.

Nov 14, 2017

November 14, 2017 13:49 ET | Source: Mobio Technologies Inc. VANCOUVER, British Columbia, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Mobio Technologies Inc. (TSXV:MBO), (“Mobio”) today announces that it has reached an agreement with SiteMAX Systems Inc. (“SiteMAX”) to provide a loan of $250,000. A loan of $150,000 will be provided immediately and an additional $100,000 can be provided at any time, but will be triggered upon SiteMAX achieving at least $30,000 in monthly recurring revenue during the term of the loan. Warrants equal to 50% of the amount invested in SiteMAX will also be issued to Mobio, with a strike price based upon a $2,500,000 fully diluted valuation. The warrants will carry a two-year term, with an early expiry date of 30 days after SiteMAX achieves $100,000 in monthly recurring revenue. Mobio is entitled to one seat on SiteMAX’s board of directors, or one observer seat if the board seat is not exercised. Mobio is also entitled to a greenshoe option, where it has the right to fully invest up to the entire next round of SiteMAX’s financing, or the next $1.0 million in funding. About Mobio Technologies Inc. Mobio is a publicly traded company on the TSX Venture Exchange, headquartered in Vancouver, BC, and runs Strutta.com Media Inc. Strutta is a social promotions platform that helps marketers bring potential customers from stranger to fan to customer, and Strutta’s Promotions API provides a technology platform that facilitates social media competitions and campaigns for global brands. For more information visit www.mobio.net . On behalf of the Board: Laurie Baggio, CEO ir@mobio.net CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of Mobio are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Mobio are those risks described herein and from time to time, in the filings made by Mobio with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com . Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Related Articles

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Expert Collections containing Mobio Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mobio Technologies is included in 1 Expert Collection, including Fintech.

F

Fintech

10,750 items

Excludes US-based companies

Mobio Technologies Patents

Mobio Technologies has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/20/2012

8/13/2013

Direct broadcast satellite services, Video hosting, Entertainment websites, Social networking services, Virtual communities

Grant

Application Date

7/20/2012

Grant Date

8/13/2013

Title

Related Topics

Direct broadcast satellite services, Video hosting, Entertainment websites, Social networking services, Virtual communities

Status

Grant

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