VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 9, 2014) - LX Ventures Inc. (TSX VENTURE:LXV), an acquirer and accelerator of high potential technology companies, continued to grow and enhance its converged social media offering of Mobio and Strutta during the month of May.
Mobio recently launched the ‘Be Social. Get Paid’ revenue sharing program for a broader audience of influencers. The program has since attracted 1,224 candidates and represents a highly lucrative opportunity for the company. The team is now focusing its development efforts on streamlining the process from sign-up to payment. As the revenue sharing proposition gains traction with the broader public, Mobio will de-emphasize its reliance on celebrity influencers to drive traffic.
In the coming months, the Mobio team plans to roll out the following technology enhancements:
Video – embedded video from multiple online video providers, followed by direct video upload to Mobio and streaming of exclusive fan-directed live events Notification centre Threaded conversations Strutta integration with the Mobio platform Various other improvements to the user experience on the website “LX Ventures is now exclusively focused on advancing our social media platforms, Mobio and Strutta, and we have reorganized our team to focus entirely on these products,” commented LX Ventures CEO Mike Edwards. “We believe that increasing fans using Mobio and driving engagement with social contests using Strutta will increase users, customers and revenue opportunities. We will continue to develop our existing products and to build new tools that allow our partners to convert strangers into fans and ultimately customers.”
LX Ventures identifies high potential technology companies at revenue and brings together the right mix of talent, experience and resources to rapidly accelerate each company’s growth. Our value-added approach is now being used to focus Mobio INsider on scaling, driving revenue and expanding market share, and on integrating the Strutta social promotions platform into a converged social media offering. LX Ventures is a publicly traded company on the TSX-V, headquartered in Vancouver, BC. To learn more, visit http://www.lxventures.com.
Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX Ventures are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX Ventures are those risks described herein and from time to time, in the filings made by LX Ventures with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Liolios Group Inc. Scott Liolios or Wojtek Nowak 1-949-574-3860 firstname.lastname@example.org