Mobile Mall Coming to Italy
LOS ANGELES, Jan. 14, 2013 /CNW/ - MobileBits, (OTCBB: MBIT), provider of SAMYSM, the fast growing Mobile Mall, announced it has signed an exclusive agreement with a private retail equity investment partner to distribute SAMY in Italy throughout their shopping centers and merchant tenants.
"The opportunity to work with a top retail equity investment partner in Italy and their network of leading merchant tenants will accelerate SAMY's rollout in the region," said Walter Kostiuk, MobileBits CEO. "The current market dynamics in Italy create a significant opportunity to provide Italian consumers an easier way to receive the latest merchant offers on mobile devices and never miss saving money on popular products and services."
SAMY is an award-winning, patent pending direct mobile marketing and loyalty platform that enables merchants, brands and retailers to engage with new customers. SAMY provides merchants an easy way to quickly integrate all the important retail touch points including POS, gift cards, mobile offers, loyalty systems and more into one synchronized mobile platform.
Italy is the second region where the Company has signed an exclusive agreement with a leading private equity retail investment partner to distribute SAMY. MobileBits signed an agreement for Russia late last year.
About MobileBits Corporation
MobileBits, provider of SAMY, the fast growing 'Mobile Mall' that enables any merchant, retailer or brand to connect with mobile consumers in their local area through various touch points and helps increase sales. The solution provides business a complete set of tools to connect with, create and manage mobile campaigns, deals, offers, loyalty and rewards to a subscribed mobile consumer. MobileBits operates offices in Los Angeles, Sarasota, FL and Zurich, Switzerland. For more information, visit www.mobilebits.com or www.samy.net.
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Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract end users; attract advertisers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
SOURCE: MobileBits Corporation
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