Gopher Protocol Exercises Mobiquity Technologies Warrants
NEW YORK, Nov. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Mobiquity Technologies, Inc. (OTCQB:MOBQ), a mobile location data intelligence company, and Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”), a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global platform with both mobile and fixed solutions, originally announced in September 2018 that the two companies had closed a share exchange agreement providing for ownership in each of the respective companies, and expected to pursue a strategic partnership with the goal of enhancing each other’s technology platforms, growth and revenue.
Details of the equity transaction can be found on the link below: https://www.sec.gov/Archives/edgar/data/1471781/000161577418009230/s112546_8k.htm
On November 19, 2018, GOPH converted 200 shares of the Series AAAA Preferred Stock of MOBQ into 20,000,000 restricted shares of common stock of MOBQ and 30,000,000 common stock purchase warrants (the “Warrants”), each exercisable for the purchase of one additional restricted share of MOBQ’s common stock. It is also understood, acknowledged and agreed that GOPH is exercising all of the 30,000,000 Warrants to purchase 30,000,000 restricted shares of common stock of MOBQ at an exercise price of $0.12 per share of common stock, payable through of the issuance to MOBQ of 10,000,000 fully paid and non-assessable restricted shares of common stock of GOPH.
The companies intend to develop a strategic partnership. The first step in moving towards a deeper partnership will start with a pilot project, which is expected to include the integration of the Mobiquity Passage platform into GOPH’s ECS Prepaid Platform. During the pilot, Mobiquity will also assist in marketing GOPH’s Insight™ microchip and software technology platform planned for 2019 by utilizing the Mobiquity ADvantage platform and Mobiquity’s SDK integrated with GOPH software applications for an enhanced combination of marketing and location services.
“The synergies between our two companies for location services and digital marketing is what makes this planned strategic partnership unique, and we expect will prove to be advantageous for both companies. We see our teams working together on numerous current and future projects,” said Doug Davis, Gopher’s CEO.
Dean Julia, Mobiquity Technologies’ CEO, said: “We see this strategic partnership as a near and long-term growth opportunity for both companies.”
About Mobiquity Networks ( www.mobiquitynetworks.com )
Mobiquity Technologies, Inc. (OTCQB: MOBQ), is a mobile first, next generation, Software-as-a-Service (SaaS) platform for data and advertising. The Company provides precise mobile location data and insights on consumer’s real-world behavior on a single platform that’s easy to use and includes all the necessary features and tools required to run a successful mobile ad campaign. Our goal is to help advertisers deliver the right message to the right person at the right time more efficiently and effectively than ever before.
Information Video: https://youtu.be/M81eMJ_ymo8
About Gopher Protocol ( http://gopherprotocol.com )
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
About ECS Prepaid LLC ( https://www.ecsprepaid.com )
Formed in 2008, ECS Prepaid LLC was started and fueled by the desire to create a Prepaid Wireless distribution model built to cater to Independent Sales Organizations servicing the gas station, convenience store market. ECS Prepaid is a two time “INC 500 Fastest Growing Companies” in the US, with a high ranking of 64th. Starting with just a few hundred direct retail locations, ECS Prepaid quickly grew its customer base by providing one of the most comprehensive terminal solution available. Today ECS Prepaid supports over 100 independent agents while powering roughly 9,000 retail locations across the United States. The ECS Prepaid software platform provides the ability to bring a variety of services to even the smallest retailer. Products currently available include: Prepaid Wireless, SIM Activations, International Top Up, Private Label Gift Cards, Electronic Check Processing, Customer Loyalty and Rewards programs.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
Certain statements in this press release constitute “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward‐looking statements. The forward‐looking statements are subject to risks and uncertainties including, without limitation, changes of competition, possible loss of customers, and the company’s ability to attract and retain key personnel.
Media Contact: Mobiquity Technologies, Inc. Jed Weisberg 917-720-6504 firstname.lastname@example.org Gopher Protocol Inc. Douglas Davis, CEO Gopher Protocol Inc. VM Only 888-685-7336 email@example.com