Mr. Stephane Boisvert reports

HYBRID PAYTECH WORLD INC. PROVIDES MARKET UPDATE

Hybrid PayTech World Inc. has arrived at an agreement in principal with the shareholders of Solutions MOBI724 Inc. to acquire the remaining 49 per cent as was stipulated in the acquisition agreement signed on July 12, 2013. Hybrid will issue from treasury 12.5 million common shares to complete the acquisition and ultimately own 100 per cent of MOBI724. The transaction is expected to close by Nov. 5, 2014.

Hybrid also announces that it is undergoing a number of changes to its board of directors. To that end, the first change is that Louis Belanger-Martin has stepped down in order to take on additional management responsibilities abroad with the investment fund that he is managing. Stephane Boisvert will assume the role of chairman of the board and as such will be stepping down as chief executive officer effective immediately. Over the last 2-1/2 years, Mr. Boisvert has invested significant time and effort to launch Hybrid's payment solution as well as the e-couponing solution, provided by Hybrid's subsidiary MOBI724, to its full potential. Mr. Boisvert is currently very involved with the company's fundraising initiatives. To replace Mr. Boisvert, Marcel Vienneau has been appointed as the new chief executive officer as Mr. Vienneau has been the chief executive officer of MOBI724 since the latter's inception and has a great deal of experience and know-how in bringing novel ideas to the market.

"Marcel's deep knowledge of the payment and couponing industries will play a key role in Hybrid's and MOBI724's future successes and accomplishments," said Mr. Boisvert.

In addition, Frank Di Tomaso has also decided to leave the company's board of directors due to increased board duties and responsibilities with other companies on which boards he has recently been appointed. The company has commenced the search to find a replacement for Mr. Di Tomaso. The company thanks Mr. Di Tomaso for the instrumental role he played in the restatement of the 2012 audited financial statements.

Finally, the company has completed the acquisition of the remaining 49 per cent of Vault Acquiring Systems LLC. With the acquisition, Hybrid now owns 100 per cent of Vault.

We seek Safe Harbor.