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Re: Arbel post# 4301

Thursday, 08/02/2012 8:57:19 AM

Thursday, August 02, 2012 8:57:19 AM

Post# of 4364
$IMTC ~ Corporate Overview

Imogo Mobile Technologies Corp. was incorporated in the state of Nevada on September 6, 2005 under the name Monza Ventures Inc.

On November 15, 2005, our company entered into a web design contract with Fusion Business Group Inc. to create and develop our company's website. In consideration for Fusion to create and develop the website, we agreed to pay to Fusion a fee of $20,000 for the website, which $5,000 was due February 28, 2006. Other than the items mentioned above, we are not required to make any other types of payments to Fusion during the term of the agreement. Our company accrued and paid $5,000 website development cost and has not recorded an amortization of the website development costs as the initial installation of the website has not yet completed as of May 31, 2012.

On September 20, 2010, the stockholder's of our company authorized the forward split of our issued and outstanding common stock on a seven for one (7:1) basis. The forward split became effective on September 20, 2010. As a result of the forward split, our company increased its issued and outstanding shares of the common stock to 73,500,000 from 10,500,000.

On January 5, 2012, our company entered into a memorandum of understanding with Imogo Mobile Technologies Corp. According to the terms of the memorandum of understanding, we agreed to purchase all of the issued and outstanding common shares in exchange for 16,400,000 shares of our company’s common stock at a deemed price of $1.00 per share. Our company may terminate this memorandum of understanding at any time, with or without cause, by providing written notice of termination to Imogo .

Effective February 24, 2012, we changed our name from “Monza Ventures Inc.” to “Imogo Mobile Technologies Corp.”, by way of a merger with our wholly owned subsidiary Imogo Mobile Technologies Corp., which was formed solely for the change of name.



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