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Tuesday, 01/09/2018 10:34:17 AM

Tuesday, January 09, 2018 10:34:17 AM

Post# of 33030
Update on Financials.

MobiCard Inc. Announces Delay in Filing Its Financial Statements


MobiCard Inc. fka Peer to Peer Network (otc: PTOP) announces today a delay in filing its financial statements.
The Company, a provider of a SaaS based proprietary mobile business card solution, had announced that on April 6, 2017 detailed here http://bit.ly/2qKRyvg that it had voluntarily filed a Form 15 with the United States Securities and Exchange Commission (the "Commission" or "SEC") to voluntarily deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company cited the significant cost, limited benefit and very limited trading of its stock as some of its reasons in taking this step.
As an alternative reporting Company, MobiCard Inc. plans to file unaudited financials along with various disclosures directly through www.otcmarkets.com .
The Company has submitted its application on 1/8/18 to OTC Markets and was informed that the application to OTC Markets may take 5-10 days to be effective.
The Company intends to file directly with OTC Markets soon after the application is approved. The Company has also retained the auditing firm BF Borgers CPA PC to conduct a full 2 year audit as the Company plans to take the appropriate steps necessary to re-register its securities with the United States Securities and Exchange Commission.
The Company cited that the circumstances for deregistration that were associated with costs and limited trading in its common stock are now non factors.

About MobiCard Inc:
MobiCard Inc. fka Peer to Peer Network ("PTOP") owns and markets its core technology, a SaaS mobile solution branded C2A MobiCard, a scalable mobile business card software platform that enables users to create a customized web based personalized mobile app that is sharable by text sms, email, digital and social media. Subscribers are able to track card opens, views and shares all while validating and analyzing new leads and referrals in real time, thereby knowing who and when to follow up www.freemobicard.com

Contact:
Christopher Esposito
Director of Business Development
Click here http://bit.ly/2rXjNGK for my Mobicard and connect with me
Mobile: (978) 335-4066
chris@freemobicard.com