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Mobetize Corp. Appoints Richard Morecroft Former Head of Mobile Money for Ooredoo (Qtel Qatar) as Strategic Advisor

BLAINE, Wash., April 22, 2014 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCBB:MPAY) today announced that Mr. Richard Morecroft has joined Mobetize Corp. as a strategic advisor.

Mr. Morecroft has over 25 years of experience in telecommunications and more recently key positions in deploying mobile financial services for Ooredoo, a major Telecom company that has a customer base of 92.9 million and reported revenues of USD$9.3 billion in 2012.

Mr. Morecroft joined Qtel (now Ooredoo) in 2008 as Director, New Business to lead the new and emerging business team and from 2011 to 2013 was Head of Mobile Money for Ooredoo where he defined the strategy and led the development and launch of their mobile money business from inception. It is now regarded as one of the most technically advanced in the world. He also developed and launched the world's first integration of MoneyGram money transfer and a Mobile Network Operator (MNO).

Mr. Morecroft has led projects and businesses that have transformed the consumer telecommunications space including building AOL's UK internet access platform and launching the UK's first "free" broadband business at TalkTalk.

Mr. Morecroft is currently situated in London, England where he is Director, Strategy – Digital Transformation at Digital Works Consulting. www.digitalworksconsulting.com/

"We are very pleased to welcome Richard Morecroft to Mobetize Corp. We see Richard as a fantastic addition to the team as we continue to grow Mobetize to become the key orchestrator delivering mobile financial services for telecom companies globally," stated Stephen Fowler, President, Mobetize Corp.

About Mobetize Corp.

Mobetize Corp. (MPAY) is a technology leader in mobile commerce payment solutions. The Company's smart solutions platform empowers its customers to increase ARPU and decrease churn while making unsurpassed improvement to customer retention. Mobetize solutions shift existing e-commerce to mobile with unrivaled simplicity, efficiency and cost-effectiveness.

Mobetize's brand-able platform brings mobile devices secure and easy bill management, payments, global airtime recharge, domestic money transfers, international remittances, point-of-sale functionality and numerous other related technologies. Mobetize provides the industry's most complete mobile solutions platform to both telecommunications operators and payment gateways. For more information, visit http://www.mobetize.com.

CONTACT: Stephen Fowler Mobetize Corp. (206) 347-4515 sfowler@mobetize.com John Nesbett or Jennifer Belodeau Institutional Marketing Services (IMS) (203) 972-9200 jnesbett@institutionalms.comSource:Mobetize Corp