Mobi724 Global Solutions (CSE:MOS) Formerly Hybrid Paytech World (CSE:HPT) Amendment of Debenture Conversion Price

MONTREAL, QUEBEC--(Marketwired - Feb. 20, 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, announces that the debenture holders of a convertible debenture issued by the Company on November 22, 2013 ("Nov2013 Debenture") were offered the opportunity to reduce the conversion price of the shares set forth in the Nov2013 Debenture from $1.25 to $0.35 per share and to reduce the strike price of the warrants set forth in the Nov2013 Debenture from $1.60 to $0.50 per share provided the Nov2013 Debenture holders participated in the $3,000,000 convertible debenture financing previously announced on October 30, 2014 ("Oct2014 Debenture") by investing $1.00 in the Oct2014 Debenture for every $2.50 invested in the Nov2013 Debenture. The Company is pleased to announce that approximately 70% of the Nov2013 Debenture holders (both in number and value) have accepted the aforementioned offer thereby allowing the Company to raise an amount of $145,000; $25,000 of which has been closed and the balance is announced to close on Monday, February 23, 2015.

Mobi724 Global Solutions (CSE:MOS) Formerly Hybrid Paytech World (CSE:HPT) Amendment of Debenture Conversion Price