GARDEN CITY, N.Y., Oct 02, 2014 (GLOBE NEWSWIRE via COMTEX)
Mobiquity Technologies, Inc. (MOBQ) (“Mobiquity” or “the Company”), which has created a leading national location-based mobile advertising network in malls, has extended its reach to college campuses through an initial deal with Stony Brook University.
Users of the Stony Brook mobile app will receive contextual information and promotions through the Mobiquity Networks’ beacon network. Fans of Stony Brook that don’t yet have a Stony Brook app will be able to engage using Mobiquity’s multi-technology platform, which includes Bluetooth, Wi-Fi, QR codes and Near-Field Communications (NFC).
At Stony Brook, the technology will be employed in the newly renovated Stony Brook Arena. The deployment will help the university fulfill its mission of transforming the athletic facility into a showcase for Long Island athletic and cultural events.
The 40,000 square foot arena, fresh with $21.1 million in renovations, features a variety of design enhancements including a new bowl seating configuration to provide an intimate atmosphere for more than 4,000 spectators; modern arena video technology to enhance fan experience; a new competition basketball court and improved practice courts; and enhanced fan amenities including new concessions, restrooms and an expanded concourse.
“The fan experience will be the best in the school’s history, and we’re pleased to be a part of it,” said Michael Trepeta Co-CEO of Mobiquity Technologies. “Beyond that, Stony Brook University will have the opportunity to work with select and appropriate advertisers who would have a new way to reach a highly-targeted demographic of college students.”
Mobiquity Technologies already has a leading national location-based mobile advertising network in malls. The Mobiquity Network includes 100 of the premier U.S shopping malls and will grow to more than 240 in the coming months. The network presently covers nearly 3,000 unique retailers with over 15,000 storefronts.
About Mobiquity Technologies
Mobiquity Technologies, Inc. (MOBQ) (“Mobiquity”), a leading national location based mobile advertising network, has developed one of the largest consumer-focused proximity networks in the world. Mobiquity’s integrated suite of leading-edge location based mobile advertising technologies allows our clients to execute more personalized and contextually relevant experiences, driving brand awareness and incremental revenue. Mobiquity Technologies will continue to attempt to expand its location-based mobile advertising solutions to create “smart malls” in retail destinations across the U.S. using Bluetooth-enabled iBeacon technology. Please visit the Company’s corporate website at: www.mobiquitynetworks.com.
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Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes of competition, possible loss of customers, and the company’s ability to attract and retain key personnel.