Exhibit 99.1
MOBETIZE COMPLETES SERIES B PREFERRED OFFERING
VANCOUVER, British Columbia, April 3, 2017 (GLOBE NEWSWIRE) -- Mobetize Corp.
(OTCQB:MPAY), a provider of mobile financial services (MFS) technology for the multi-billion dollar
business to business (B2B) segment of the Fintech as a Service (FaaS) sector is pleased to announce that
its offering of 500,000 shares of Series B Preferred Stock at $1.00 per share has been fullysubscribed. Net
proceeds of the offering will be used for working capital and general corporate purposes.
Mobetize will initiate the process of effecting a 1/100 consolidation of its common stock in accordance
with the conditions of the Lead Investor Agreement announced on March 29, 2017. The effective date of
the consolidation will be further announced on notification to FINRA.
“Wearethrilledtoforgealong-termpartnershipwiththeKalikowFamilywhoshareourvision.Theclosing
of the offering will enable us to execute our businessplan thatincludes expandingour relationship withthe
Kalikow’s to banking, customer relationships, financing opportunities, network reach and expertise in
compliance and risk management" Stated Ajay Hans, CEO
About Mobetize Corp.
Mobetize Corp. (OTCQB:MPAY) has developed a global B2B Fintech as a Service (FaaS) Supermarket.
Mobetize digitizes bricks and mortar financial services to deliver mobile money services to leading
telecommunications companies and financial institutions. Mobetize ensures end-to-end integration for
services such as prepaid air-time top ups, data gifting, mobile lending, international money transfers, P2P
transfers, Visa™/MasterCard™ programs and mobile bill payments. Mobetize seamlessly integrates and
whitelabelsitssecuremobilemoneyplatformservicesforcustomerswhothenoffertheservicestomillions
of users. Mobetize experts to help telecom and banking providers discover new revenues, new customer
relationships and navigate the emerging Fintech ecosystem. For more information, visit
http://www.mobetize.com.
Forward Looking Statements
Thispressreleaseincludesstatementsthatarenothistoricalinnatureandmaybecharacterizedas"forward-
lookingstatements,"includingthoserelatedtofuturefinancialandoperatingresults,benefits,andsynergies
of the combined companies, statements concerning Mobetize's outlook, pricing trends, and forces within
the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and
their results, long-term goals of Mobetize and other statements of expectations, beliefs, future plans and
strategies, anticipated events or trends, and similar expressions concerning matters that are not historical
facts. All predictions as to future results contain a measure of uncertainty and, accordingly, actual results
could differ materially. Among the factors which could cause a difference are: changes in the general
economy;changesindemandforMobetize'sproductsorinthesuppliercosts;theactionsofitscompetitors;
the success of our customers; technological change; changes in employee relations; government
regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials;
transportation, environmental matters; and other unforeseen circumstances. A number of these factors are
discussedinMobetize'spreviousfilingswiththeSecuritiesandExchangeCommission.Mobetizedisclaims
anyintention or obligation to update anyforward-looking statements as a result of developments occurring
after the date of this press release.
Shareholder Relations: 778-588-5563 X 209
info@mobetize.com
