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Eric Dumois Joins Mobetize as VP Product and Compliance

BLAINE, Wash., Sept. 10, 2014 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTC:MPAY) today announces that Eric Dumois has joined Mobetize as VP Product and Compliance. With over 20 years of experience in the financial services industry from all perspectives, Mr. Dumois leverages a strong technical background and an equally strong business development and proactive marketing acumen to help enable products and services to "see the light of day".

Ajay Hans Mobetize CEO remarked, "We are very pleased to welcome Eric to our team. His strength is the ability to take a product from vision to profitable business line. Eric's leadership role in mobile financial services was the driving force within MetroPCS' strategic direction for payment and financial service applications and we believe that his expertise in these areas will pay dividends for us in the future." As of May 2014 Metro PCS successfully merged the Company's nearly 9 million subscribers with T-Mobile USA's 34 million subscribers to become the fastest growing and America's fourth-largest wireless provider.

Mr. Dumois previous experience managing and executing the MetroPCS Financial Services portfolio which includes general-purpose re-loadable products, Mobile Banking solutions and Mobile Commerce strategy is a great asset for Mobetize. We also believe and our Company's strategy of having Telecom, Card issuers and other Payment companies offer the Mobetize mobile wallet solution and additional financial services to their customers will benefit from Eric's vast experience in this area. Eric has successfully created and launched numerous prepaid card products including personal use and gift cards, international long distance programs, and custom prepaid programs. We believe that this skillset is an excellent fit for Mobetize and our new partner DCR Strategies – Trucash, as they are the only prepaid Visa and MasterCard issuer that offers both US and Canadian programs in addition to Discover. DCR is certified to issue cards in 42 countries and 21 currencies and pioneered the "only Points to Cash" loyalty program in the world and is an excellent partner for Mobetize both in North American and globally.

Eric has been thought leader and key note speaker at the 2013 Prepaid Expo http://www.prepaidpressexpo.com/ and speaker at Money 2020, the leading global event for innovations in money. In past assignments, Eric led the North American launch of biometric devices for Hitachi and smartcard-enabled POS devices for Hypercom and Intellect.

Graduating with a Bachelor's Degree in Electrical Engineering, Eric Dumois started his career designing Digital Flight Controls for U.S. fighter jets. Later, he would enter the financial services industry as a self-taught programmer moving up the management ranks in marketing and business positions.

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 enables Telcos to become virtual Banks. 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 David Mossberg Three Part Partners (TPP) 817 310-0051 dmossberg@threepa.comSource:Mobetize Corp