Record First Quarter Sales for the Company
NEW YORK, May 01, 2019 (PR NEWSWIRE) — Mobiquity Technologies, Inc. (OTCQB: MOBQ), a leading technology provider in next generation mobile advertising media spaceannounced today first quarter revenues of $1.59 million, whichrepresents transformational growth when compared to just $0.04 million in revenues generated in the first quarter of 2018.
The increase was the result of three factors. First, the acquisition of Advangelists has dramatically increased the baseline revenues of Mobiquity, which is now tracking towards a $10 million annualized revenue run rate for 2019. Second, the Company added four new experienced industry sales experts that are contributing to current growth. Lastly, Mobiquity is benefitting from expanded existing client relationships; existing clients are using Advangelists technology for expanded media spending.
“Our first quarter sales results are a clear demonstration of the momentum and impact of integrating the Advangelists platform into our sales model and our marketing program,” commented Deal Julia, Chief Executive Officer of Mobiquity. “Our sales team has hit the ground running, and our clients are responding very favorably. We are excited to provide further updates as we look to accelerate our sales results throughout the remainder 2019.”
About Mobiquity Technologies
Mobiquity Technologies, Inc. (OTCQB: MOBQ), is a mobile first, next generation, platform-as-a-Service (PaaS) company for data and advertising. The company maintains the largest location database available to advertisers and marketers through their data services division. Our corporate website is (www.mobiquitytechnologies.com). Through Mobiquity Technologies’ Advangelists subsidiary (www.advangelists.com), the company also provides programmatic advertising technologies and precise mobile data insights on consumer behavior.
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