Mobi724 Global Solutions (CSE:MOS) Formerly HYBRID PAYTECH WORLD (CSE:HPT) Closes $625,000 in Funding To Propel Its Digital Promotions and Payment Solutions Forward

MONTREAL, QUEBEC--(Marketwired - Feb. 19, 2015) - Mobi724 Global Solutions Inc. ("Mobi724" or the "Company") (CSE:MOS), formerly Hybrid Paytech World Inc. (CSE:HPT), a technology leader in the digital incentives, couponing and payment space, today announced that it has completed a second tranche of private placement in the amount of $625,000. This is part of the $3,000,000 debenture financing previously announced on October 30 2014 of which, $ 1,625,000 has been attained with the current closing. The Convertible Debentures mature on December 31, 2015 (Maturity Date) and will accrue interest at a rate of 10% per annum. The Convertible Debentures shall be convertible at the option of the holder into common shares of the Company on or prior to the Maturity Date at a conversion price of $0.35 per common share. The common shares issuable upon conversion will be listed on the CSE and will be subject to a four month hold period from the date of closing. The Company has also issued 142,857 common shares at $0.35 per share in order to pay off outstanding debt of the Company. The Closing of the second tranche will leverage this working capital to scale its global operations and to accelerate its revenue growth.

Mobi724 Global Solutions (CSE:MOS) Formerly HYBRID PAYTECH WORLD (CSE:HPT) Closes $625,000 in Funding To Propel Its Digital Promotions and Payment Solutions Forward