Consolidated revenue shows growth acceleration throughout the period.
NEW YORK, February 27, 2019 (PR NEWSWIRE) — Mobiquity Technologies, Inc. (OTCQB: MOBQ), a company providing mobile first, next generation programmatic advertising capabilities is pleased to announce it has filed the required form 8k to provide two years of audited financials for Advangelists, which was recently merged into Mobiquity Technologies.
Comparing YOY revenues from 2017-2018, Mobiquity-Advangelists consolidated revenue grew over 100%. Unaudited Q4 2018 revenues were up approximately 150% for the same period 2017, representing significant growth as the two companies sought to bring their products and Client bases together.
Mobiquity also announces 100% managing control of Advangelists day to day operations. “Controlling responsibility will allow us to remain focused on aligning product strategy with market trends.” said Dean Julia, CEO of Mobiquity Technologies.
“We are extremely pleased with the results we are seeing post-merger and expect the accelerated growth to continue moving forward, and our recent client growth suggests the Mobiquity-Advangelists merger is the correct strategy to build upon this market expansion,” continued Dean Julia. “As for the Industry in general, we’re happy to see The Trade Desk (TTD) announce strong growth last week, it shows us that we are in the right place at the right time.”
As required by law, Mobiquity Technologies filed two years Pro-Forma consolidated financials available at:
https://www.sec.gov/Archives/edgar/data/1084267/000168316819000470/mobiquity_8ka.htm
About Mobiquity Technologies (www.mobiquitytechnologies.com)
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. Through Mobiquity Technologies’ Advangelists subsidiary (www.advangelists.com), the company also provides programmatic advertising technologies and precise mobile data insights on consumer behavior.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
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.
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