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MOBI724 Global Solutions Retains First Canadian Capital to Provide Investor Relations

MONTREAL, June 06, 2018 (GLOBE NEWSWIRE) — MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company, offering a fully integrated suite of multiple Payment Card-linked, Digital Marketing and Business Intelligence Solutions announces that it has retained First Canadian Capital Corp. (“First Canadian”) to provide investor relations and financial communication services. First Canadian will assist MOBI724 in raising awareness of the Company within the investor and financial community.

Under the terms of the agreement with First Canadian (the “Agreement”), MOBI724 will pay First Canadian $6,000 per month for a minimum period of six (6) months (for an anticipated total cost of $36,000). MOBI724 will also issue as compensation to First Canadian an option to purchase 750,000 common shares at an exercise price of $0.35 per share and be effective for a period of 30 days after the expiration of the Agreement. The options granted will vest in accordance with provisions of the Company’s stock option plan and the policies of the TSX Venture Exchange.

“First Canadian is very pleased to be working with the entire Mobi724 management team,” said George Aizpurua, Vice President at First Canadian.  Mr. Aizpura added: “Mobi724 is a company where the trajectory looks more and more promising each quarter. The team is coming off record results in 2017, and have a VISA partnership that has already started commercialization in late 2017 and will see greater results going forward. We look forward to adding value to the company’s development and involving our network in support of the global expansion in 2018 and beyond.”

ProConsul Capital Ltd., which has been carrying out investor relations for MOBI724 since Q4 2017, will continue to assist MOBI724. The appointment of First Canadian will serve as a complement to ProConsul Capital Ltd.’s efforts in raising awareness of the Company’s activities within the investor and financial community.

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