Mr. Marcel Vienneau reports

MOBI724 GLOBAL SOLUTIONS INC. SUBSIDIARY IQ724 INC SIGNS COMMERCIAL AGREEMENT WITH BANE-WELKER AND MOBI724 GLOBAL SOLUTIONS (CSE:MOS) CLOSES $ 217,000 PRIVATE PLACEMENTS

iQ724 Inc., a wholly owned subsidiary of Mobi724 Global Solutions Inc., has signed a commercial agreement with Bane-Welker Equipment to design, implement and operate a loyalty and digital marketing program for its 13 CaseIH agricultural dealerships in Indiana and Ohio. The customer will also benefit from the data analytics and its business intelligence services. Bane-Welker Equipment is iQ's first turnkey loyalty and digital marketing program in the United States. Bane-Welker's 13 CaseIH agricultural dealerships are complemented by the other 13 CaseIH agricultural dealerships that iQ also services in Canada.

The company has also successfully closed a second tranche equity private placement in the aggregate amount of $217,000 by issuing 4.34 million common shares at five cents. For each common share received, the subscribers were issued one common share purchase warrant at an exercise price of 15 cents exercisable on or before Aug. 31, 2018, after which they shall expire. The company also converted bona fide debt in the amount of $10,000 at a price of five cents per common share and $45,000 at a price of 6.3 cents for an aggregate issuance of 914,285 common shares.

The shares were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and are subject to a hold period of four months and one day following the closing of the private placement. The shares are listed on the Canadian Securities Exchange (CSE). The company will use the net proceeds to support project deployments of the company's solution, for continuing obligations and for working capital requirements. Since Aug. 31, 2016, the company has raised $2,467,000 and this second tranche closing totals $467,000 in the aggregate with respect to the $1-million financing announced on Sept. 6, 2016.

We seek Safe Harbor.