(via TheNewswire)
Vancouver, B.C. – March 6, 2026 – TheNewswire – Mobio Technologies Inc. (TSXV: MBO) (“Mobio” or the “Company”) announces the receipt of an internal promissory note from its subsidiary, Karve IT Ltd. (“Karve”). Mobio provided funding to Karve for the purpose of repaying outstanding loans owed by Karve to Phoenix Ventures Inc. (“Phoenix”).
The total amount repaid by Karve to Phoenix, and represented in the promissory note issued to Mobio, is $216,289.82 CAD. The promissory note from Karve to Mobio is repayable on demand and bears interest at 14% per annum. Previously, the loans from Phoenix to Karve, which have now been fully repaid, were also repayable on demand and carried an interest rate of 12% per annum.
These transactions received approval from the respective independent directors of both Mobio and Karve. Laurie Baggio, director and CEO of Mobio, abstained from voting due to a declared conflict of interest.
About Mobio Technologies Inc.
Mobio Technologies Inc. ( MobioBrands.com ), a TSX Venture Exchange-listed company ( TSXV: MBO ), is actively building a leading portfolio of moving and moving-related service brands, united by a dedication to quality, integrity, and exceptional customer experiences. As a public company, Mobio strategically invests in both moving services and technology solutions, aiming to provide homeowners, businesses, and entrepreneurs with a trusted, seamless network for all moving and relocation needs.
For additional information, please contact:
Laurie Baggio , CEO
Tel: 604-805-7498
Email: Investors@MobioBrands.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding the grant of Options and 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. These filings can be found on the Internet at www.sedarplus.ca .
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.
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