Mobio Technologies, Inc. Secures $3M Convertible Debenture Funding

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2012) - Mobio Technologies, Inc., a leading consumer marketing and technology firm, today announced that it has secured $3M (Canadian dollars) in convertible debenture funding led by Rho Canada, Naavon and Round Table Services. This investment will help fuel the Company's development of Mobio INsider, their consumer marketing platform and online service.

Mobio INsider provides influencers, such as music artists, with a platform through which they can engage and monetize large social media followings. The solution rewards consumers with exclusive access to pictures, videos, events and offers in exchange for engaging with the artists they love.

"As Mobio moves quickly into the music segment, this investment makes it possible for us to expand our solution so that fans, artists and their corporate partners all succeed," said Clovis Najm, CEO, Mobio Technologies.

"There is a significant market opportunity in advanced social media engagement and Mobio is well positioned to be the leader in this space. We are thrilled to be able to continue to support the company in this pursuit," said Jeff Grammer, Partner, Rho Canada.

About Mobio Technologies, Inc.

Mobio Technologies, Inc. provides a consumer marketing platform that helps brands and musical artists to engage fans in meaningful, rewarding and innovative ways. Headquartered in Vancouver, Canada, Mobio facilitates artist-driven one-to-one interaction between brands and consumers. Mobio INsider is available for iOS and Android mobile devices with a web version on the way.