MPAY

Mobetize Corp.

 
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OTCQB
 

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Mobetize Corp. Appoints Kenneth F Douglas, a Leader in Fintech and Global Mobile Payments, as Strategic Advisor

Dec 22, 2014

OTC Disclosure & News Service

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BLAINE, Wash., Dec. 22, 2014 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCQB:MPAY) today announced that Mr. Kenneth F Douglas has joined Mobetize Corp. as a strategic advisor to assist the Company's expansion of mobile financial services, partnerships and M&A in North America and Europe.

Kenneth Douglas is currently SVP Business and Partnership Development, SEQR USA, Inc. Kenny is responsible for building the US operations for SEQR USA, Inc., (www.seqr.com) a subsidiary of Seamless Distribution AB (www.seamless.se) based in Stockholm Sweden, a global mobile payment company providing prepaid top-up and mobile payments in 30 countries with over 3.1 billion transactions annually.

Kenny speaks regularly as an Industry Leader for Pacific Crest Securities MOSAIC group as an SME (Subject Matter Expert) for the payment industry, payments, emerging/alternative payments, mobile payments and technology.

Previously, Kenny served as EVP Partnerships and Alliances at Zipmark, EVP Partnerships and Alliances at Adility (acquired by inComm), EVP of Social Gaming and Commerce at Twitpay (acquired by Acculynk), and VP and General Manager of Merchant Services at Revolution Money (acquired by American Express) where he was responsible for building the RevolutionCard Network™ with over 700,000 accepting merchants and 300,000 card holders/members.

Kenny sits on the Advisory Board for a number of fintech companies in multiple stages of growth – ShelfBucks, ShopMyNeighborhood™, EyeBuyTV, OrdrIt, RedCritter, BRANDedTray and Zipmark. Kenny received his BS/BA in DPQA (Data Processing Quantitative Analysis) from the University of Arkansas and lives with his wife in Bradenton, FL.

"We are very pleased to welcome Kenny to Mobetize Corp. We have known Kenny for many years and believe his extensive knowledge in fintech, business partnerships and M&A will be a great resource to us as we continue to execute our global business plan," stated Ajay Hans, CEO, Mobetize Corp.

About Mobetize Corp.

Mobetize Corp. (MPAY) is a technology leader in mobile commerce payment solutions. The Company's smart solutions platform empowers its customers to increase ARPU and decrease churn while making unsurpassed improvement to customer retention. Mobetize solutions shift existing e-commerce to mobile with unrivaled simplicity, efficiency and cost-effectiveness.

Mobetize's brand-able platform brings mobile devices secure and easy bill management, payments, global airtime recharge, domestic money transfers, international remittances, point-of-sale functionality and numerous other related technologies enables Telcos to become virtual Banks. Mobetize provides the industry's most complete mobile solutions platform to both telecommunications operators and payment gateways. For more information, visit http://www.mobetize.com.

CONTACT: Stephen Fowler -CFO
         Mobetize Corp.
         (206) 347-4515
         sfowler@mobetize.com
         
         David Mossberg
         Three Part Advisors (TPA)
         (817) 310-0051
         dmossberg@threepa.com

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