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Mobi724 Global Solutions Inc
Symbol MOS
Shares Issued 191,493,648
Close 2018-04-09 C$ 0.175
Market Cap C$ 33,511,388
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Mobi724 signs product development agreement with DLT

2018-04-10 09:55 ET - News Release

Mr. Marcel Vienneau reports

MOBI724 GLOBAL SOLUTIONS INITIATES BLOCKCHAIN CAPABILITY THROUGH PARTNERSHIP WITH DLT LABS

Mobi724 Global Solutions Inc. has signed a multiphase product development agreement with DLT Labs Inc. to enable the integration of blockchain technology within Mobi724's product portfolio.

This multiphase agreement encompasses all Mobi724's products and will initially focus on the company's digital marketing and loyalty program management platform, which is particularly favourable for quick implementation of a closed loop solution powered by blockchain for all customer transactional data and customer point data. Future phases of the agreement will involve the integration of blockchain technology to the rest of Mobi724's growing product portfolio.

Chairman and chief executive officer of DLT, Loudon Owen, said, "DLT's suite of products will enable Mobi724 to harness the power of blockchain as it continues to deliver a leading portfolio of loyalty and fintech products."

With offices in Canada, India and Japan, DLT is a global leader in the development and implementation of Blockchain solutions for enterprises. With the world's premier team of distributed application designers and integrators, DLT has extensive enterprise experience and expertise with all distributed ledger/blockchain technologies including Ethereum, Hyperledger's Fabric, R3's Corda and JP Morgan's Quorum. DLT's leading group of architects use proprietary DNC cluster framework and parent and child smart contract architecture to design and deploy a suite of secure and scalable distributed applications that provide enterprise solutions for data and digital asset provenance storage, management and exchange. DLT is an authorized IBM business partner.

Marcel Vienneau, chief executive officer of Mobi724, said: "One of our goals is to extend Mobi724's advanced technology into new core applications. Having established itself as proven leader in the rapidly evolving blockchain space, DLT's experience and expertise, coupled with our team's proven knowledge of the loyalty space, will help accelerate the integration of blockchain capabilities with distributed ledger technology within Mobi724's entire product portfolio."

About Mobi724 Global Solutions Inc.

Mobi724 Global Solutions, a global fintech (financial technology) company, offers a fully integrated suite of multiple payment card-linked, digital marketing and business intelligence solutions, which work with any payment card, on any mobile device and at any point of sale.

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