MOBI724 Global Solutions Announces Q1 2018 Results – First Sale of CLO Product, Commercial Launch of Asian Payments Business and new COO to Drive Revenues
Summary
Q1 2018 was a significant quarter for MOBI724 in many areas including the first Visa Offers Platform (VOP) agreement with a bank in Latin America, launch of the commercial payment processing business in the Philippines, and substantial growth in the sales pipeline for all three business segments: Card Linked Offers (CLO), Digital Marketing (DM) and Payments.After quarter end, the Company welcomed Sylvain Tassé, a leading technology executive as Chief Operating Officer to its management team to accelerate growth and revenues.The Company continues to vigorously seek opportunities to enhance efficiencies to reduce costs and improve cash flow going forward.Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws.Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels.