MOBILUM TECHNOLOGIES INC - MBLMF STOCK NEWS

Mobilum Technologies Inc. (CSE: MBLM, OTC: MBLMF) reported strong Q2 2022 results, ending August 31 with a cash balance of $2.02 million. Revenues surged to $787,735, a 5.43x increase from Q1, while net operating losses decreased by 93% to $177,413. The company is expanding its offerings, including a partnership with Binance and new non-custodial wallet features. Despite challenging crypto market conditions, Mobilum aims to thrive through innovative solutions in the payments sector.

Mobilum Technologies Inc. appointed Dr. John Henderson as Interim CFO, replacing Heidi Gutte. Dr. Henderson brings over 20 years of capital markets experience and a PhD in Management along with an MBA in Finance. CEO Steven LaBella highlighted Henderson's strong track record in driving results. Mobilum aims to simplify access to digital assets through its services designed for various financial institutions and businesses. The company operates globally, with offices in Canada, Estonia, Lithuania, Poland, and the U.S.

Mobilum Technologies Inc. has signed a strategic services agreement with Binance, enhancing its position in the crypto market. This partnership allows Binance to utilize Mobilum's compliant payment infrastructure for acquiring payment transactions and money remittance services. Mobilum's CEO, Steven LaBella, expressed pride in bridging traditional finance with digital solutions. This collaboration is expected to fortify Mobilum's service offerings and drive long-term growth, highlighting the significance of the deal for the company and its shareholders.

Mobilum Technologies Inc. has signed a service agreement with ZEN.COM, enabling the provision of dedicated virtual International Bank Accounts (IBAN) for its customers. This partnership will enhance Mobilum's capabilities to facilitate Euro transactions and crypto remittances through SEPA transfers, streamlining processes and minimizing errors. ZEN.COM, licensed in Lithuania, offers various digital financial services across 31 European countries, including payment cards and multi-currency accounts. This collaboration aims to bridge digital and traditional assets, providing significant benefits to the digital asset community.

Mobilum Technologies Inc. (CSE: MBLM, OTC: MBLMF) has renewed its contract with Purple Crown Communications Corp. for investor relations services. The agreement, effective May 1, 2022, will see Mobilum pay $20,000 over three months. Purple Crown will assist in enhancing investor awareness and managing corporate communications. Notably, they do not currently hold shares in Mobilum but may acquire them in the future. CEO Steve LaBella emphasized the importance of engaging with the investor community as part of the company's strategy.

Mobilum Technologies Inc. (CSE: MBLM) has appointed payments industry expert Steven LaBella as Chief Executive Officer, succeeding Wojciech Kaszycki, who remains as Chairman. LaBella, a three-time Fintech founder, brings over 20 years of experience in payments and mobile wallet sectors, with a history of scaling companies to $100M in annual revenue. His appointment aims to enhance Mobilum's growth trajectory in digital assets and cryptocurrencies, as the company focuses on integrating traditional finance with crypto solutions.

Mobilum Technologies Inc. has appointed Dr. Wallace Mathai-Davis to its Board of Directors, bringing over 35 years of international asset management and banking expertise. Dr. Mathai-Davis is well-known in the FinTech sector, having co-founded Quantalytics AI Labs and served on multiple boards, including 360 Treasury Systems AG, acquired by Deutsche Boerse for nearly $800 million. His experience spans diverse markets, enhancing Mobilum’s potential in digital finance solutions. This strategic leadership appointment aims to strengthen the company's mission to facilitate digital asset accessibility.

Mobilum Technologies Inc. has signed a strategic services agreement with Crypto.com to provide token liquidity services via its algorithmic trading platform. This partnership allows Mobilum to leverage its automated trading technology and enhance Crypto.com's customer experience. Mobilum will receive a monthly retainer and has been granted an interest-free credit line of $2 million, backed by a $400k security deposit. This agreement presents a new revenue stream for Mobilum and positions it well within the digital asset space.