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TXTM News >Protext Mobility Issues Corporate Update
Date : 05/22/2014 @ 8:55AM
Source : Marketwired
Stock : Protext Mobility, Inc. (QB) (TXTM)
Quote : 0.0045 0.0 (0.00%) @ 7:57AM

Protext Mobility Issues Corporate Update
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ProText Mobility, Inc. (USOTC:TXTM)
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Today : Thursday 22 May 2014
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Protext Mobility Issues Corporate Update

Company Adds Award-Winning Auto Dealer to Expanding Network of Distributors; Repays and Retires 100% of Convertible Notes Held by Asher Enterprises

DELRAY BEACH, FL--(Marketwired - May 22, 2014) - Protext Mobility (OTCQB: TXTM), a developer of innovative and trusted applications for the mobile communications market, today announced that the Company has continued its exponential growth within the auto dealer market with the addition of East Hills Chevrolet in Douglaston, NY. East Hills has been named Chevrolet Dealer of The Year in the NY area by Dealer Rater for the past two years, and will now be marketing and selling Protext's distracted driving solution to its customers. The Drive Alert product provides users with the ability to block the use of certain mobile device activity in equipped vehicles while in motion -- particularly text messaging, the mobile internet, email and social media activities -- including taking and posting "selfies" to social media.

"Our nation is in the midst of a safety crisis when it comes to distracted driving. We are pleased that the auto dealer industry not only recognizes the need for our solution, but also is embracing DriveAlert as THE product to answer that need. East Hills Chevrolet is an award-winning auto dealer, and we are proud to be partners with a company that is so dedicated to the safety and satisfaction of their customers," Mr. Berman went on to say.

The Company is also pleased to announce that it has repaid and retired 100% of convertible notes held by Asher Enterprises, Inc. in principal amounts totaling $47,393 USD. Including accrued interest and contractual buyout provisions the debt was officially retired for $65,000 USD. Therefore, there will be no more conversions owed to Asher in conjunction with these notes and the corresponding debt has been removed from the Company's balance sheet. "Management is committed to advancing the financial health of our Company in a sustainable manner, and removing this debt is an important milestone toward that end," concluded Mr. Berman.

About Protext Mobility, Inc.
Protext Mobility (OTCQB: TXTM) develops innovative applications and trusted solutions for consumers and businesses operating in the mobile communications marketplace. The Company's mobile communications service offering provides consumers with mobile solutions to monitor text activity and curb device usage while driving, as well as businesses solutions to help manage mobile communications activities amongst employees. Protext Mobility markets its services under the SafeText, DriveAlert and CompliantWireless brands. For more information on the Company and its suite of mobile solutions for consumers and businesses, please visit http://www.protextmobility.net

About East Hills Chevrolet
At East Hills Chevrolet, we pride ourselves in providing the highest quality of service imaginable. We don't just try and sell you a car, we help you buy one. Our promise is to match or beat any valid offer while continuing to provide you with complete satisfaction before, during, and after the sale. At East Hills, our mission is to provide you with a simple and pleasant experience, whether you buy or not. We can assure you that as a potential East Hills Customer, we will make every effort to help make your next new or used car purchase a confident one. For more information about East Hills Chevrolet, please visit their website at http://www.easthillschevrolet.com

Disclaimer: The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are identified by words such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms and include statements regarding the potential impact of our new Drive Alert solution and the market opportunity for our new Drive Alert solution. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information, including information regarding financial statements, is based upon various reasonable assumptions made by, and expectations of, our management. All such assumptions are inherently subject to significant economic and competitive uncertainties and beyond our control and contingent upon assumptions with respect to the future business decisions, which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein. The Company has no obligation to update these forward-looking statements.

Protext Mobility Contact:
Steve Berman
Chief Executive Officer
516-637-4061
[e-mail]
[e-mail]