Leading Direct Mobile Marketing Solution 'SAMY' To Connect Merchants And Customers In Eastern Europe Through Exclusive License

LOS ANGELES, Sept. 4, 2012 /PRNewswire/ -- MobileBits Holdings Corp., (OTCBB: MBIT), a leading provider of enterprise-class social and digital experience solutions announces it has signed an exclusive agreement with an undisclosed private equity retail investment partner to offer SAMY℠in Russia. This expands the globalization of SAMY, which now includes 5 countries.

Under the terms of the agreement MobileBits will receive a setup fee to develop SAMY in the Russian language and currency, an exclusive license fee and a percentage of revenue generated through the venture.

"We welcome the opportunity to work with such a well experienced group and provide a solution for the largest mobile market in Europe.  There is an enormous opportunity to help consumers more easily connect with and receive merchant offers, while untethering them from their homes and desktops," said Walter Kostiuk, MobileBits Chairman and CEO.  "This adds to our global roll-out strategy and marks a new opportunity to partner with in-country experts to ensure success within the marketplace."

SAMY is an end-to-end direct mobile marketing and loyalty platform that helps engage and connect to new customers across many touch-points for merchants, brands and retailers.

The 'Mobile Mall' solution provides business a complete set of tools to connect with, create and manage mobile campaigns, deals, offers, loyalty and rewards to a subscribed mobile consumer in real-time. SAMY offers any merchant its own mobile storefront and cloud based, back end controls to manage valuable touch-points to connect instantaneously with customers.

To learn about SAMY license opportunities email partner(at)mobilebits.com.

To learn how SAMY can help your business please visit www.samy.net.

About MobileBits
MobileBits Corporation is a global technology company that strengthens relationships between companies and their audience by enabling exceptional digital experiences. Our direct mobile marketing network 'SAMY' delivers valuable touch-points to mobile devices, which, in turn, drives engagement and loyalty to maximize revenue.  Products include SAMY, SAMY4ME, SAMY ENTERPRISE and PRINGO CONNECT. Key accounts are McDonalds, Comcast, Spar, Extreme Pita, Mucho Burrito, plus many others.

For more information contact:

Press & Investor Contact:
Brian Ehrlich
MobileBits
P: 941-225-6103
Email: brian.ehrlich [at] mobilebits.com

Forward-Looking Safe Harbor Statement:

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract end users; attract advertisers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.

SOURCE MobileBits Corporation