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Latest MobileBits News

Areas S.A. Tags Samy To Roll Out Mobile Engagement Within Major...

Feb 4, 2014

, a leading global operator of food and retail services within major passenger transportation hubs across nine countries, and MobileBits Corp., (OTCQB: MBIT),provider of Samy™, a leading marketing and engagement network, today announced that Areas has selected Samy as their mobile marketing and engagement solution partner. Areas serves 150 million customers annually and manages over 1,250 restaurants, cafes, retail shops, hotels and gas stations. Featured within this portfolio are some of the world’s most well known brands including Burger King, Subway, Starbucks, Pizza Hut, Carl’s Jr and Dunkin Donuts. All are located in major airports, highway rest areas, railway stations and shopping centers. “We look forward to working with Areas and helping them connect and maintain a digital and mobile commerce relationship with their customers while building loyalty at the same time" said Kent Kirschner, VP Global Business Development at MobileBits. "Samy is an ideal companion for travelers. " Areas is the third major strategic partner announced to have formed a relationship with MobileBits. Earlier DDR Corp. and DLC Management Corp. also selected Samy as their mobile marketing and engagement solution partner. All told, the Samy network footprint has grown to almost 250 million consumers annually and ten's of thousands of bricks and mortar businesses comprising of people who shop and set up shop at leading shopping centers, malls and airports. “Samy is quickly becoming the solution of choice for shopping centers, malls and airport retailers who realize that users love the convenience of finding everything they need in one application", said Walter Kostiuk, President & CEO of MobileBits. Samy helps commercial landlords and merchants connect with local consumers and drive in-store redemptions and commerce across many different types of industries including quick-service restaurants (QSR), full service restaurants (FSR) and retail businesses. For more information on Areas, go to http://www.areas.es/en/ . For more information on Samy, go to http://www.samy.com . About Areas Areas, a company founded in 1968, is a leader in food and beverage services and travel retail. With an international presence and a workforce of nearly 12,000, Areas currently manages 1,259 outlets in concession spaces such as airports, highway service plazas, train stations, shopping centers, exhibition venues and central city locations. The company’s business model focuses on designing tailored offerings including its own brands (such as La Pausa, Deli&Cia, Caffriccio, News&Books, Sibarium, Eating Point, Natural Break and Divers), major franchises and partners (including Starbucks, Burger King, Adidas, Adolfo Domínguez, Subway and Lavazza), and co-brands created in collaboration with large specialized brands (such as Mahou Sports Bar, La Yoghourtería by Danone, La Bellota, Espace Evian and Carling Pub). Areas belongs to the international group Elior, the third leading operator in the world in terms of concessions. For further information: http://www.areas.es . About MobileBits Corporation MobileBits (OTCQB: MBIT) is the provider of Samy™, a leading mobile marketing and engagement network, that makes it easy for consumers to connect with their favorite local brands and receive exclusive offers, deals, coupons and loyalty rewards through mobile devices and the web. The solution provides business a complete set of tools to connect with, create and manage mobile marketing and rewards to a subscribed mobile consumer. For more information, visit http://www.samy.com or http://www.mobilebits.com . Forward-Looking Safe Harbor Statement: This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract end users; attract advertisers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov .

MobileBits Acquisitions

2 Acquisitions

MobileBits acquired 2 companies. Their latest acquisition was Proximus Mobility on June 04, 2013.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/4/2013

Acquired

1

3/22/2012

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$99M

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10

Date

6/4/2013

3/22/2012

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

1

10

MobileBits Team

1 Team Member

MobileBits has 1 team member, including current Chief Executive Officer, Benjamin Nitschke.

Name

Work History

Title

Status

Benjamin Nitschke

Chief Executive Officer

Current

Name

Benjamin Nitschke

Work History

Title

Chief Executive Officer

Status

Current

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