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MBIOF one for 2 reverse split:
http://otce.finra.org/DLSymbolNameChanges
MBIOF one for 2 reverse split:
http://otce.finra.org/DLSymbolNameChanges
MBIOF one for 10 reverse split:
http://otce.finra.org/DLSymbolNameChanges
MOBIO TECH now working with MICROSOFT.
Great to see!
LX Ventures Inc. changed to Mobio Technologies Inc., MBIOF:
http://www.otcbb.com/asp/dailylist_detail.asp?d=07/07/2014&mkt_ctg=NON-OTCBB
Name and Symbol Change effective 7/8/14
07/07/2014 09:09:36|S2|MBIOF|LXVTF|Mobio Technologies, Inc. Ordinary Shares (Canada)|LX Ventures Inc Common Shares (Canada)|07/08/2014|Name and cusip change effective on TSX 07/07/2014**|||u|Y|100|Y
https://www.otcbb.com/dailylist/txthistory/BB07072014.txt
LX Ventures soon to be trading on the OTCQX...
I'm holding out for the MOBIO buyout...
This stock is now the laughing stock
of every single person who lives in Vancouver !
This stock is now the laughing stock
of every single person who lives in Vancouver !
LXV = Lol
Tuesday,25 February,2014
11:51 AM EST - LX Ventures Inc. : provided an update with respect to its current corporate initiatives, as the Company looks to expand its capital markets presence in the U.S. and Europe. LXV is pleased to announce that it has retained Liolios Group to provide investor relations services from its head office in Newport Beach, California, as well as its office in Toronto. Liolios Group, and its principal Scott Liolios, bring to LXV a proven track record of helping public companies build shareholder value by delivering the right message to the right audience, and by establishing high quality, long-term relationships in the investment community. Liolios Group will work closely with LXV management to refine and deliver the company's message and introduce the company to key investors and influencers in the financial community. LX Ventures Inc.
shares (V.LXV) are trading down $0.055 at 0.32.
Growth Potential is HUGE!
http://www.stockhouse.com/companies/bullboard/v.lxv/lx-ventures-inc?postid=22188971
Valuation attempt
Valuation:
1. The Growth of MobioInsider has just been Incredible - Over 1.0 Million Unique Users in January alone (its 2nd month) and based on close to 100,000 daily unique visitors, that is a 3.0 Million run rate number. These numbers are well ahead of the Company's projections provided at CanTech and on their website ( I like seeing Conservative Management - exceeding expectations, is key to stock performance).
2. How does this growth compare to other Early Stage Start ups? let's look at Pinterest
A closer look at the early months at Pinterest - you can see from the chart below - it took about 8 months for Pinterest to hit the 1.0 million Monthly mark and 1 year to hit the 3.0M mark (Mobio's current run rate).
3. Valuation: Pinterest did a $200 Million USD round of financing last Feb. and at a $2.5B USD Valuation -- at that time they had approximately 29 Million Monthly users (Dec.2012) according to ComScore. Today, I have seen Valuation closer to $3.8B USD
MobioINsider is on track to have 10% of that user number - the current daily run rate (according to Alexa.com) of approx 100,000 daily unique visitors or 3.0 million per month.
So using 10% of Pinterest's Valuation, I would peg MobioINsider at approximately $250 Million Valuation today or close to $3.00 per share.
(similiar to what other analysts like Josh Galt have come up with - as he said in his latest video (check it out on Mobio or You Tube ) "wake me up when it is $3.00".
with 63.6 million outstanding
and 85.2 million fully diluted (at 44c)
Market Capitalization: $37 million ( Cdn )
Management and Insiders own 18%
Debt: $0
Cash Raised since November 2013 $4.7 Million
and Add'l Cash from Warrants/Options $6.3 Million
Total $11.0 Million
While valuation numbers like $250 Million sound crazy, what is more crazy is the current valuation of $37 Million (which includes LXV's other subs).
The Downside appears limited and the upside is Tremendous in my Opinion
Hopefully this helps.
Good Luck to All,
twitter.com/gregorybent
Read more at http://www.stockhouse.com/companies/bullboard/v.lxv/lx-ventures-inc#qmO1gol6fhF1qEog.99
Exclusive content = Mega Advertising for Mobio
http://www.hngn.com/articles/22898/20140127/kim-kardashian-north-west-photo-reality-star-shares-picture-baby.htm
Mobio: 1 of 5 Most Interesting Companies at CanTech
http://www.canadianbusiness.com/technology-news/most-interesting-companies-at-cantech-2014/
Hedge Fund Manager talks Mobio
http://www.mobioinsider.com/josh-galt-5/activity/13617
Hedge Fund Coverage:
Is Mobio the Next Big Social Media Company?
Bzoinga, I guess the joke is on those shorting.
Successful Launch of Mobio INsider Attracts Kim Kardashian
Marketwire via COMTEX - Tue Dec 10, 08:02AM EST
LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on American television personality, fashion designer, model and actress Kim Kardashian as a social media influencer. Kim is best known for her role in the reality television series Keeping Up with the Kardashians and the clothing collections she launched with sisters Kourtney and Khloe. Kim is a global sensation and has nearly 19 million Twitter followers and more than 15 million likes on Facebook.
The successful launch of Mobio INsider on December 1st convinced Kim Kardashian of its value and impact in connecting with fans. Kim will now join our other celebrity influencers to engage her fans in a rewarding experience that allows them to help in the creation of her social media content by making requests for photos and answers to popular questions. Mobio INsider allows influencers to build upon fan suggestions to produce widely sought after and in-demand content. This reduces the noise and sheer volume of requests received by Influencers and identifies popular requests that will have the greatest reach and positive impact for online fans.
"As an early adopter of new social media platforms, I can see how Mobio INsider fills a gap and adds more meaning for my fans when liking my content. I'll more easily be able to identify top fans, publicly recognize them and respond in real-time with requested photos. I'm happy to lend a hand and am hopeful that my fans will enjoy Mobio as much as I do! Follow my twitter stream @KimKardashian to find out when I launch on Mobio," said Kim Kardashian.
Mark Binns, president of Mobio, said, "We're excited to welcome Kim to the Mobio family. She is a social media leader, pure and simple, and her addition clearly shows that our technology and platform brings significant value to the biggest stars on the planet and their fans. Her more than 33 million followers are about to have a chance to interact directly with their idol thanks to Mobio."
About LX Ventures
LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.
About Mobio
Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobio.net.
ON BEHALF OF THE BOARD, LX VENTURES INC.
Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
LX Ventures Inc.
Keir Reynolds
778-998-9242
keir@lxventures.com
www.lxventures.com
www.mobio.net
SOURCE: LX Ventures Inc.
I think the addition of new celebs and a good point of consolidation will help in the long term growth of the story. For now I think people want to start seeing numbers on revenue which seems unrealistic in my opinion. This could take a while to grow and tabulate. At the time it does go bang may be the same moment its bought out by a bigger player in the social media world.
A crowd draws a crowd and at some point we may see one, lets wait and see. Its early. Anything is possible.
Imo,headed back to 0.60 for now.
Launch of Mobio INsider Attracts Lil Wayne
Marketwire via COMTEX - Wed Dec 04, 08:03AM EST
LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on with Grammy Award winning, multi-platinum selling recording artist and label owner, Lil Wayne, as one of their social media influencers. Long celebrated for his rabid fanbase, Lil Wayne is a global social media leader with more than 14 million Twitter followers and has one of the most popular Facebook pages on the planet with nearly 49 million likes as well as his active official website, YoungMoney.com.
The successful launch of Mobio INsider caught the attention of influential artists such as Lil Wayne due to its ability to directly monetize fans on social media platforms like Facebook and Twitter. It also allows influencers to quickly recognize and respond to fans in real-time. Wayne will immediately join our other celebrity influencers by using the system. He and all influencers have the opportunity to engage with fans by responding to requests for photos and answers to popular questions through use of our technologies. Mobio INsider reduces the noise and sheer volume of requests received by influencers by identifying popular requests and their most dedicated fans.
"It is exciting to see Mobio provide a direct means of generating revenue from Lil Wayne's massive social media presence," said Bryan Calhoun, Head of Digital Strategy for the Blueprint Group, the company that has been Lil Wayne's long time manager. "Between earning money and helping cut through the clutter of massive fan requests, I'm looking for big things from this platform."
Mark Binns, president of Mobio, said, "We're excited to have such an esteemed and talented influencer as Lil Wayne. He has been one of the most popular rappers over the last decade and this is directly attributable to his constant commitment to his fans. This is great validation of Mobio by someone who holds his fans with such high regard."
About LX Ventures
LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.
About Mobio
Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobioinsider.com
ON BEHALF OF THE BOARD
LX VENTURES INC.
Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Keir Reynolds
778-998-9242
keir@lxventures.com
SOURCE: LX Ventures Inc.
This is not the place to spam other symbols, please stick to comments about LXV
Millions of outstanding short would be a good reason to push this lower imo. I wonder if the short numbers are over 10 million now?
According to some of the boards we may have been hit by more than one short team. I have seen this before. It ends ugly for the company half the time and ugly for the shorters the other half. Right now its anyone's guess. If the company continues to sit on some A list names then we know whats next.
I agree, some emotional trading going on. So many expected bigger names as we got closer to the launch date but it didn't happen. I never heard of this Jenner dude. The growth curve will interesting to watch though but until we reel in the big names we may stall for a while. Amazing volume for a small float though.
Selling on the news today it appears. Looks a bit panicky at the moment.
LX Ventures Portfolio Company Mobio Attracts Major Brands to Successful Launch
Marketwire via COMTEX - Mon Dec 02, 08:02AM EST
LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has successfully launched on schedule as planned on December 1st. With an initial roster of celebrity influencers and their enthusiastic fans, Mobio delivered a first in social media - a platform designed specifically to give fans direct influence on the content provided to them by the stars they love.
Mobio is conducting a staged rollout of its celebrity influencers to gradually scale traffic and test ad delivery effectiveness. Now that the launch has been a success, additional influencers with some of the largest social followings will be added in the coming days and weeks.
During the launch Mobio influencers received over 5,000 content requests and tallied up nearly 100,000 likes from 178 countries showing just how excited fans were to engage with them. As well, Mobio INsider received over 330,000 pageviews from fans during the launch, all of which can carry advertising.
Mobio also began delivering ad content for the world's leading brands including Microsoft, Shell, Best Buy, AT&T, Doritos, Elizabeth Arden, Kraft, Capital One, Pepsi, Tesco, Sony and many more. As fans engage with influencers a small percentage of them unlock content through ad engagement in a non-intrusive fashion. On launch day we saw an amazing 57% ad completion rate by fans eager to unlock influencer content.
Mark Binns, president of Mobio, said, "We just changed the game in social media. We are thrilled to be out of the gates with a strong initial roster of influencers and their collective fan base of over 40 million social followers and rising. The fan reaction seen in the last 24 hours has been incredible. On top of this, we have added world class brand partners to the conversation and have given them the exposure they desire without detracting from the experience for fans or influencers alike. The forthcoming addition of more influencers and fans is going to be very exciting to watch."
"Mobio is a great example of LX Ventures executing on its core assets in a short period of time and driving shareholder value. The conversion and adoption numbers are as strong as I've ever seen in a company I've been invested. I'm very proud of the team's hard work over the last 6 months but it's only just beginning", said Mike Edwards, CEO of LX Ventures.
About LX Ventures
LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.
About Mobio
Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobioinsider.com.
ON BEHALF OF THE BOARD
LX VENTURES INC.
Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
LX Ventures Inc.
Keir Reynolds
778-998-9242
keir@lxventures.com
www.lxventures.com
SOURCE: LX Ventures Inc.
Maybe Mobio is slowing down the whole internet with all the traffic lol..
Why is this site so slow these days?It takes all day to change pages.Never used to be like that.
They announce some bigger names to start the kick off to the week and it's off and running hard once again.
Make it A-list celebs and it's full on!
I think the organic type growth from some LA promo types will light a fire under this. Once we see a hockey stick curve in site visits and users,,,,look out. Just my opinion.
'Likes' are fine as an introduction.'Hits' are what they'll need on a daily basis to sustain the model.LXV will be spinning whatever numbers they get from today and the next week into as positive a way as they can while they get this going,as would be expected.
The thing to watch is whether the MMs drive the price lower all week,and just mediocre numbers will help that to happen,spin or not.Mobio is so new,that most potential users don't even know it exists yet.
This is just the first step in building the product.There is definitely potential,and who knows maybe big potential,but I see a big step back in the stock price now that the hype has been tempered,unless they add a huge PR to the list tomorrow.
Site is live and very active right now it looks like, wow one girl has 22,000 likes already.
The company has already stated celebs are not paid to sign. Some have stated they like the profit sharing of Mobio so they can use the extra funds for variety of things such as charity work or maybe they just want an extra revenue stream.
Good luck in your DD. Lots of news items to go through. Your right though it looks like it had a good pull on the charts and maybe its setting up for another run?
Fun times,
My style of due diligence :
His planning looks a little bit rough 'round the edges as well.....
Altho, that might depend on when this photograph here was taken - Last week, or last year ? I don't know.
And I wonder if they're PAYING (all) their celebs to sign on......
And I wonder how many shares they have outstanding (after this Cheerios deal (or rather Copper.io)) ?
Gosh, there're just SO many questions that're necessary eh ?
SO much DD to DO ! If desired.
Me I just tend to go soley by charts, rather than filtering noise.
Because as you can see, I'm not so good with the noise !
I'm pretty good at MAKIN' it, but am not all so good at the filtering....
I guess the big question is, who is going to sign up next to be part of Mobio?
I wouldn't be surprised if they had a million hits a day this week.
I think $1 is coming next week, it might not be Monday but in my opinion its coming. Some major catalysts on the revenue side have yet to reveal themselves is what I am hearing. I wouldn't want to get caught short.
It's hard to tell what will happen with this stock,but we are still way above the Bollinger Bands on the weekly chart and in overbought territory on many signals.Imo,we still have a major correction to go through before we can go onto the next leg.
I'm looking for this to get to the .50-.55 level before the correction is over.
I'm expecting the stock to go through the same pattern as on the way up,start up on the day then work its way down to lower lows until we get into the .50s.The move so far above the PP price wasn't normal.
All just my opinion. If that occurs,I will buy back in.We'll see if I'm right.
I wonder what the short position is? With a small float and about 20m traded over a few days it is trading like millions are short. If you look at the chart it certainly looked ready for a modest correction ahead of news but maybe its trading too low now?
Would be good on a bigger us board. This has yet to scratch the surface in the US market in my opinion and when it does it could lead to some epic moves in the market.
@mobioinsider owned by LXV on the #TSX Venture now has a U.S #trading symbol - LXVTF
I'm not here to do anyone's due diligence for them, gather the facts and make a move or move on to something else. Its very simple.
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LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on American television personality, fashion designer, model and actress Kim Kardashian as a social media influencer. Kim is best known for her role in the reality television series Keeping Up with the Kardashians and the clothing collections she launched with sisters Kourtney and Khloe. Kim is a global sensation and has nearly 19 million Twitter followers and more than 15 million likes on Facebook.
The successful launch of Mobio INsider on December 1st convinced Kim Kardashian of its value and impact in connecting with fans. Kim will now join our other celebrity influencers to engage her fans in a rewarding experience that allows them to help in the creation of her social media content by making requests for photos and answers to popular questions. Mobio INsider allows influencers to build upon fan suggestions to produce widely sought after and in-demand content. This reduces the noise and sheer volume of requests received by Influencers and identifies popular requests that will have the greatest reach and positive impact for online fans.
"As an early adopter of new social media platforms, I can see how Mobio INsider fills a gap and adds more meaning for my fans when liking my content. I'll more easily be able to identify top fans, publicly recognize them and respond in real-time with requested photos. I'm happy to lend a hand and am hopeful that my fans will enjoy Mobio as much as I do! Follow my twitter stream @KimKardashian to find out when I launch on Mobio," said Kim Kardashian.
Mark Binns, president of Mobio, said, "We're excited to welcome Kim to the Mobio family. She is a social media leader, pure and simple, and her addition clearly shows that our technology and platform brings significant value to the biggest stars on the planet and their fans. Her more than 33 million followers are about to have a chance to interact directly with their idol thanks to Mobio."
About LX Ventures
LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.
About Mobio
Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobio.net.
ON BEHALF OF THE BOARD, LX VENTURES INC.
Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: LX Ventures Inc. Keir Reynolds 778-998-9242 keir@lxventures.com www.lxventures.com www.mobio.net
SOURCE: LX Ventures Inc.
LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on with Grammy Award winning, multi-platinum selling recording artist and label owner, Lil Wayne, as one of their social media influencers. Long celebrated for his rabid fanbase, Lil Wayne is a global social media leader with more than 14 million Twitter followers and has one of the most popular Facebook pages on the planet with nearly 49 million likes as well as his active official website, YoungMoney.com.
The successful launch of Mobio INsider caught the attention of influential artists such as Lil Wayne due to its ability to directly monetize fans on social media platforms like Facebook and Twitter. It also allows influencers to quickly recognize and respond to fans in real-time. Wayne will immediately join our other celebrity influencers by using the system. He and all influencers have the opportunity to engage with fans by responding to requests for photos and answers to popular questions through use of our technologies. Mobio INsider reduces the noise and sheer volume of requests received by influencers by identifying popular requests and their most dedicated fans.
"It is exciting to see Mobio provide a direct means of generating revenue from Lil Wayne's massive social media presence," said Bryan Calhoun, Head of Digital Strategy for the Blueprint Group, the company that has been Lil Wayne's long time manager. "Between earning money and helping cut through the clutter of massive fan requests, I'm looking for big things from this platform."
Mark Binns, president of Mobio, said, "We're excited to have such an esteemed and talented influencer as Lil Wayne. He has been one of the most popular rappers over the last decade and this is directly attributable to his constant commitment to his fans. This is great validation of Mobio by someone who holds his fans with such high regard."
About LX Ventures
LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.
About Mobio
Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobioinsider.com
ON BEHALF OF THE BOARD LX VENTURES INC. Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Keir Reynolds 778-998-9242 keir@lxventures.com
SOURCE: LX Ventures Inc.
Contacts: LX Ventures Inc. Keir Reynolds 778-998-9242 keir@lxventures.com www.lxventures.comSOURCE: LX Ventures Inc.
Marketwire via COMTEX - Thu Nov 28, 03:59PM EST
LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") is pleased to announce that it has signed a Letter of Intent to acquire Copper.io Inc. ("Copper"), a Nevada Corporation, which is in the business of acquiring, developing and marketing cloud-based hosting, monitoring and management solutions for today's state-of-the art cloud-deployed applications. Since commencing operations Copper has established a suite of product assets in the cloud-based application management market segment, including PointDNS, Stackful, Stackdoc, StatsMix, StillAlive, StatusHub, Twist, CloudVertical and PandaStream.
Under the terms of the Letter of Intent, on closing, LXV will issue 2,083,333 common shares and pay $500,000 cash, in order to complete the acquisition. Up to an additional 3,472,222 common shares and $1,500,000 in cash will be payable by LXV as certain milestones are met in terms of the achievement of agreed monthly recurring revenue targets. At Copper's option, they may elect to receive $500,000 in cash rather than the final share installment. The securities will be subject to a four month hold period once issued. The transaction remains subject to completion of final documentation, regulatory approval and final due diligence.
LXV CEO Mike Edwards stated, "We are pleased to announce this relationship with the top notch team at Copper.io. Copper has been experiencing tremendous revenue growth month over month and we are confident that this growth will only accelerate with the involvement of our LXV team. We are clearly and rapidly executing on LXV's core strategy of identifying, acquiring and accelerating foundational companies in key technology spaces where we see high potential. We look forward to working with Copper.io as we rapidly grow the business." The transaction remains subject to the approval of the TSX Venture Exchange.
About LX Ventures
LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit www.lxventures.com.
ON BEHALF OF THE BOARD, LX VENTURES INC.
Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: LX Ventures Inc. Keir Reynolds 778-998-9242 keir@lxventures.com www.lxventures.com
SOURCE: LX Ventures Inc.
LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on Pamela Anderson as a social media influencer. Pamela Anderson is an American-Canadian actress, model, producer, author, activist, and former showgirl best known for her roles on the television series Baywatch, Home Improvement and V.I.P. Pamela has had a legendary career with Playboy Magazine that spans twenty-two years during which she has appeared on more Playboy covers than anyone else. Pamela has a truly global fan base that includes nearly 1 million Twitter followers and more than 600,000 Facebook fans.
With a long history of dedicating herself to worthy causes, Pamela has recently launched the Pamela Anderson Foundation which is committed to animal rights and the environment.
Pamela also recently ran and completed the New York City Marathon with her brother Gerry, helping to meet the goal of raising $76,000 for the J/P Haitian Relief Organization.
Pamela has selected Mobio as her preferred platform for two-way fan social engagement and dialogue. Mobio continues to disrupt the social engagement industry by allowing influencers to cut through the clutter and easily identify what their fans want to know.
Pamela, along with the rest of our growing roster of celebrity influencers, will begin posting content using the Mobio platform on its commercial launch date of December 1st, 2013.
Mark Binns, president of Mobio, said, "The addition of Pamela, a well-known and beloved global celebrity, gives us exposure to a much wider audience. We're excited to help Pamela connect with her fans on a much deeper level." "Mobio's social media platform will make it easier for me to connect with fans through this digital form of fan mail. Follow my twitter stream @PamelaDAnderson to find out how you can connect with me on Mobio when it launches," said Pamela Anderson.
About LX Ventures
LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.
About Mobio
Mobio's flagship product, Mobio INsider, is a leading fan directed content network that rewards fans with content they have a hand in creating from the stars they love and connects brands to their desired audiences. The platform successfully reaches the youth demographic through a highly engaging social experience, while increasing the star'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, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: LX Ventures Inc. Keir Reynolds 778-998-9242 keir@lxventures.com www.lxventures.com www.mobio.net
SOURCE: LX Ventures Inc.
Contacts: LX Ventures Inc. Keir Reynolds 778-998-9242 keir@lxventures.com www.lxventures.comSOURCE: LX Ventures Inc.
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