LX Ventures Completes Acquisition of Mobio Technologies Inc.
"We are very excited about this acquisition, as Mobio's incentivized advertising technology solves a big problem of monetizing social streams and maximizing fan engagement," said Mike Edwards, CEO of LX Ventures. Clovis Najm, Founder and CEO of Mobio, said, "This acquisition broadens the skill sets of the Mobio team and provides an increased platform to ramp up the commercialization of our ground breaking technology that provides true engagement and monetization of social platform traffic."
About LX Ventures
LX Ventures is a publicly traded incubator that launches, integrates, and acquires early stage high growth technology companies. We are a group of entrepreneurs dedicated to developing the next generation of entrepreneurs by providing funding, resources, mentorship, and access to our global network. We are in the business of building businesses. Our approach is twofold: we either partner with existing companies to assist with distribution and scaling or we internally innovate from idea generation through to launch and exit. For further information about LX Ventures, its technology, collaborations and partnerships, please visit: www.lxventures.com.
About Mobio Technologies, Inc.
Mobio Technologies flagship product, Mobio INsider, is a leading fan directed content network and gamification platform that rewards music fans with content they have a hand in creating from the artists they love and connects brands to their desired audiences. The platform successfully reaches its core target audience - teens and tweens - through a highly engaging social game, while increasing the artist's social media following and boosting awareness of brand partners. The company is headquartered in Vancouver, British Columbia. To learn more, please visit www.mobio.net.
ON BEHALF OF THE BOARD
LX VENTURES INC.
Mike Edwards, President & CEO
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LX Ventures Inc.