(TheNewswire)
Vancouver, B.C. – TheNewswire - May 16, 2024 - Mobio Technologies Inc. (TSXV: MBO)(“Mobio” or the “Company”) wishes to provide an update to its previously announcedtransaction with Tracksuit Movers Inc. (“ TMI ”) (the“ Transaction ”).
In its news releases issued on March 14, 2022, March16, 2022, May 30, 2022, March 2, 2023, November 10, 2023, and April 5,2024 Mobio announced and provided updates to the proposed 100%acquisition of Tracksuit Movers Inc., a full-service moving companyfranchisor through a share exchange. Mobio still intends to proceedwith the proposed transaction, the Company is currently working tofinalize the management information circular.
Completion of the Transaction is subject to a number ofconditions, including but not limited to, preparing and entering intoa binding agreement, acceptance by the Exchange and disinterestedshareholder approval. The Transaction cannot close until the requiredshareholder approval is obtained. There can be no assurance that theTransaction will be completed as proposed or at all. Investors arecautioned that, except as disclosed in the management informationcircular or filing statement to be prepared in connection with theTransaction, any information released or received with respect to theTransaction may not be accurate or complete and should not be reliedupon. Trading in the securities of Mobio should be considered highlyspeculative.
About Mobio Technologies Inc.
Mobio is a publicly traded company on the TSX VentureExchange, headquartered in Vancouver, BC, and runs Strutta.com MediaInc. Strutta is a social promotions platform that helps marketersbring potential customers from stranger to fan to customer, andStrutta’s Promotions API provides a technology platform thatfacilitates social media competitions and campaigns for global brands.For more information visit www.mobio.net.
For additional information please contact:
Laurie Baggio, CEO Tel: 778-300-7565 ir@mobio.net
CAUTIONARY NOTE REGARDINGFORWARD-LOOKING STATEMENTS
Other than statements of historical fact, allstatements included in this news release, including, withoutlimitation, statements regarding future plans and objectives of Mobioare forward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements willprove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such statements. Factorsthat could cause actual results to differ materially from thoseexpected by Mobio are those risks described herein and from time totime, in the filings made by Mobio with Canadian securitiesregulators. Those filings can be found on the Internet at:http://www.sedar.com under the profile of Mobio.
Neither the TSX Venture Exchange nor its RegulatoryServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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