MPAY

Mobetize Corp.

 
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OTCQB
 

OTC Disclosure & News Service

 

Mobetize Names Vincent Tozzi as Chief Revenue Officer

Sep 02, 2015

OTC Disclosure & News Service

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BLAINE, Wash., Sept. 2, 2015 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCQB:MPAY) ("Mobetize" or "the Company") today announces that Vincent Tozzi has been appointed as the Company's first Chief Revenue Officer. In his role, Tozzi will be responsible for the Company's Sales and Marketing with a focus on building our sales teams and closing contracts. Tozzi has twenty-plus years of experience in sales management, business development, solution sales and channel management with large telcos in North America, most recently as Chief Commercial Officer for Nobel USA. His prior experience includes senior sales and marketing positions at IDT Telecom, Allegiance Telecom and Winstar Communications.

"This is an exciting time for Mobetize as a number of parties have expressed interest in deploying the Company's financial services platform," said Tozzi. "I'm looking forward to working with the exceptional team at Mobetize in scaling the business and enabling our customers to increase revenues, and decrease churn, through their deployment of our alternative financial services offering."

"We are very pleased to welcome Vincent to our team," stated Aja Hans, CEO of Mobetize. "His familiarity in Software as a Service (SaaS) solution sales, coupled with his keen strategic insight, makes him the ideal choice to lead the acceleration of Mobetize's revenue engine and expand our growth. Additionally, we believe that Vincent being situated on the East Coast is a real advantage for Mobetize given the number of opportunities we are currently pursuing located in that geography."

About Mobetize Corp.

Mobetize Corp. (MPAY) is a global technology leader in mobile commerce payment solutions. Mobetize's brand-able platform enables telecom operators and others, to simplify the delivery of key financial and telecom services. Mobetize ensures end-to-end integration for services such as retail/online payments, mobile air-time top ups, domestic and international money transfers, P2P transfers and Visa/Mastercard programs on mobile devices. Mobetize seamlessly integrates and white labels their secure mobile money platform with their delivery partners to help increase their revenues, decrease customer service costs and increase loyalty to existing offerings. For more information, visit http://www.mobetize.com

This press release includes statements that are not historical in nature and may be characterized as "forward-looking statements," including those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. All predictions as to future results contain a measure of uncertainty and, accordingly, actual results could differ materially. Among the factors which could cause a difference are: changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

CONTACT: Stephen Fowler, CFO
         Mobetize Corp.
         (206) 347-4515
         
         Gus Okwu, SVP - Investor Relations
         Allison+Partners
         646-428-0638

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