VANCOUVER, BC--(Marketwired - October 15, 2015) - MOVIT Media Corp. (TSX VENTURE: MV) (OTC PINK: DTSRF) (the "Company") announces that the Company has signed a mobile advertising service agreement with Smaato Inc. ("Smaato"), a California based company that is the world's largest independent mobile ad exchange and a pioneer in innovative, mobile-first solutions since 2005.
MOVIT recently announced the official launch of its 100% owned MovIt mobile App, now available for download in the Google Play online store.
MovIt is a revolutionary solution for the elimination of international ROAMING charges for travelers using their everyday mobile devices outside of their regular coverage area. This disruptive technology allows users to use their everyday mobile phone number anywhere in the world while incurring only minimal local calling rates via a local SIM card without the hassle of having to use a new unknown international phone number or purchase an expensive mobile calling package.
MOVIT Media Corp. CFO Stephen D. Inouye states: "Our agreement with Smaato will go a long way in helping us to achieve a revenue stream through advertisements on the MovIt App. We see this opportunity as our first step to moving to a revenue model that could easily eclipse any revenue stream from our individual app users. The ability of Smaato to use our MovIt app technology to strategically target advertising for advertisers makes for a win-win relationship for MOVIT and Smaato."
Changes in Corporate Structure
On August 31, 2015, due to other busines commitments, Mr. Jeffrey Sharpe resigned from his positon as CEO and President but remains as Chairman of the Board of Directors. Mr. Sharpe expressed no issues with the Company. Upon his resignation Mr. Stephen D. Inouye has temporarily assumed the responsibilities of CEO, along with his responsibilites as CFO until the Company has hired a new CEO. The Company is actively pursuing potential candidates.
Additionally, on September 1, 2015, John Sutherland, a board member since the inception of the Company, resigned from his director's position due to time commitments and other demands. Mr. Sutherland expressed no issues with the Company.
The Company wishes to express their gratitude to these individuals for their time, contributions and dedication to the Company and wishes them continued success both personally and professionally.
About MOVIT Media Corp.
MOVIT Media Corp. holds 100% of the MOVIT media mobile suite (www.letsmovit.com), including multiple existing and pending patents. The MovIt application or "App" is a revolutionary solution for the elimination of international ROAMING charges for travelers using their everyday mobile devices outside of their regular coverage area. This disruptive technology allows users to use their everyday mobile phone number anywhere in the world while incurring only minimal local calling rates via a local SIM card without the hassel of having to use a new international phone number.
About SMAATO Inc.
Smaato Inc. (www.smaato.com) is a privately held company, founded in 2005, with their head office in San Franciso, California, USA and offices in Hamburg, Germany and Singapore. Smaato's SPX is a global, intelligent and free to use self-service platform & ad server that brings native, video and real-time advertising to over 90,000 mobile app developers and publishers. The company's worldwide reach and extensive network of demand partners provides a massive variety of advertisers with one single integration. Smaato manages up to 6 billion ads every day around the world, across over 800 million mobile users each month.
ON BEHALF OF THE BOARD
"Stephen D. Inouye"
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends,", "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
In connection with the forward-looking information contained in this news release, MOVIT Media considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause MOVIT Media's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: market acceptance of the MOVIT Media's APP, sufficient capital to commercialize the APP and the effect of competitive technologies.
A more complete discussion of the risks and uncertainties facing MOVIT Media is disclosed in MOVIT Media's Filing Statement dated November 16, 2010 and continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and MOVIT Media disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Stephen D. Inouye