Mobio Completes Recapitalization of Twenty Year Media
Summary
VANCOUVER, BC--(Marketwired - February 12, 2016) - Mobio Technologies Inc. ( : ), ("Mobio" or the "Company") is pleased to announce that it has completed a series of transactions with respect to the recapitalization of Twenty Year Media Inc. ("Twenty Year Media" or "TYM"). Twenty Year Media is a media and technology company developing advanced technologies for the entertainment and motion picture sector, as well as operating Emerging Pictures, a US-based all-digital film and content distribution network. Mobio is also entitled to receive a royalty of up to 3% on TYM revenues, on a quarterly basis, for a period of four years. All redemption agreements, which had been entered into between Mobio and TYMs remaining shareholders in September, 2015, have also been terminated. Mobio is a publicly traded company on the TSX Venture Exchange, headquartered in Vancouver, BC, and runs Strutta.com Media Inc. Strutta is a social promotions platform that helps marketers bring potential customers from stranger to fan to customer, and Struttas Promotions API provides a technology platform that facilitates social media competitions and campaigns for global brands.
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