Glen Eagles Acquisitions LP Adds Mobiquity Technologies to its Portfolio of Companies focusing on IoT, AI and Mobile Technologies
NEW YORK, June 25, 2018 (GLOBE NEWSWIRE) — Mobiquity Technologies, Inc. (OTCQB: MOBQ), a leading mobile location data intelligence company, is pleased to announce a strategic investment by Glen Eagles Acquisitions LP (“GEA”). GEA is a company focused on building and acquiring businesses within the Internet of Things (IoT), Artificial Intelligence (AI) and Mobile Technologies Industries.
As part of the strategic investment, Mobiquity will receive approximately $9 million in a combination of cash and Gopher Protocol stock (OTCBB:GOPH), a GEA portfolio company.In addition to this strategic investment, Mobiquity will have access to GEA’s other portfolio companies, as well as its wealth of business expertise and relations. We feel this access should lead to revenue growth in both the short and long term.
Mobiquity Technologies CEO Dean Julia stated, “We see this partnership as a major growth initiative. Partnering with GEA’s team combined with their investment in MOBQ gives us the ability and resources to move quickly and take advantage of several immediate opportunities.” He continued, “The partnership with GEA should also open up many long-term revenue generating opportunities that we are excited to explore and update our Shareholders about.”
Glen Eagles Acquisitions Managing Member, Darren Dunckel said, “We are excited to add Mobiquity to our portfolio of companies. In addition to the strong management team, we believe that the ability to create synergies between our portfolio/prospective client companies creates additional value for us as an investor.”
Thomas M. Arnost, Executive Chairman of Mobiquity Technologies added, “We see GEA’s strategic investment in MOBQ as a testament to our state-of-the-art proprietary mobile location data intelligence platform.”
About Mobiquity Technologies, Inc.(www.mobiquitynetworks.com)
Mobiquity Technologies, Inc. (OTCQB: MOBQ), is a next generation mobile location data intelligence and marketing company. The company provides precise, unique, at-scale location data and insights on consumer’s real-world behavior and trends for use in marketing and research. With our combined exclusive data sets and proprietary technology platform; Mobiquity Technologies provides one of the most accurate and scaled solution for mobile data collection and analysis.
About Glen Eagles Acquisitions LP.
Glen Eagles Acquisitions LP, is a company specializing in building and consolidating synergist businesses within the Internet of Things (IoT), Artificial Intelligence (AI) and Mobile Technologies Industries.
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Media Contact:
Mobiquity Technologies, Inc.
Jed Weisberg
917-720-6504
[email protected]