Mobile Integrated Systems Announces Teaming Agreement with OmegaGroup
TORONTO, June 11, 2013 /PRNewswire/ -- Mobile Integrated Systems, Inc. (OTCUS: MIBI), (OTCQB: MIBI), a premier diversified technology company, today announced the signing of a teaming agreement with OmegaGroup, an international cross-industries sustainable technology and development company.
Under the terms of the agreement, Mobile Integrated Systems, Inc. will acquire the exclusive rights for all OmegaGroup technologies within the North American, Central American and South American marketplaces. Mobile Integrated Systems, Inc. and OmegaGroup will work together on a number of joint opportunities where the combination of Mobile Integrated System, Inc. network and diversified technologies complements OmegaGroup's suite of proven smart technologies.
"This is an exciting time for both OmegaGroup and Mobile Integrated Solutions," said Cato Kemmler, President of OmegaGroup. "We look forward to working closely with our new partners to identify the best cross-border opportunities in today's marketplace."
Commenting on this partnership, Abbas A. Damji, President and Chief Executive Officer, Mobile Integrated Systems, Inc., said, "We are delighted to announce this agreement with OmegaGroup. Our aim is to develop relationships that drive business growth for all parties and we are highly confident that together we can deliver maximum value to our partners and clients through this alliance."
Through combined technology, engineering, and manufacturing capabilities, this partnership will provide the sustainable development community new expertise in the areas of deployment, project planning, construction, financing and technology transfer. The partnership ensures that both Mobile Integrated Systems, Inc. and OmegaGroup establish a truly worldwide presence with offices around the globe.
The German based OmegaGroup consists of an international group of companies made up of renowned partners from industry and research, with profound experience in the sustainable development sector.
As a one stop source, the Company is able to provide solutions and services for real-estate development, construction and operation, as well as offer infrastructure solutions for energy supply or waste/water disposal.
OmegaGroup is also the exclusive representative of Economic Zones World, Government of Dubai, in Germany. This representation includes the renowned Jebel Ali Free Zone, as well as Techno Park.
With over 20 years of experience with international projects, the Company has expertise in South Africa, Germany, Uganda, Norway, Kenya, Ethiopia, Chile, Brazil, Kazakhstan, Mongolia, China, Indonesia, and will expand into Canada and the United States with Mobile Integrated Systems, Inc.
More information can be found at: http://www.omega-smartbuild.com/
About Mobile Integrated Systems, Inc.
Mobile Integrated Systems, Inc. is a diversified technology company that creates innovative software applications and smart technologies for the gaming industry, financial services industry and other broader industries around the world.
Mobile Integrated Systems, Inc. through its MOBI branded products develops software and interactive games for use by charitable organizations and government regulated lotteries. Furthermore, the Company is engaged, through its Stealth branded products, in the business of researching, developing and maintaining proprietary algorithmic securities trading systems.
This press release may contain forward-looking statements (including without limitation the quotations from our Chairman and management) concerning Mobile Integrated Systems, Inc. future management, strategic plans, growth opportunities and performance. Risks and uncertainties may cause actual results to differ materially from the results predicted. The potential risks and uncertainties include, among others, the impact of management and organizational changes; the implementation and results of any strategic plans as well as Mobile Integrated Systems, Inc. ongoing strategic and cost initiatives; Mobile Integrated Systems, Inc. ability to compete with new or existing competitors; acceptance by users of new products and services; risks related to joint ventures and the integration of acquisitions; failure to manage growth and diversification; Mobile Integrated Systems, Inc. ability to protect its intellectual property and the value of its brands; dependence on key personnel; general economic conditions and changes in economic conditions. All information set forth in this press release and its attachments is as of May 21, 2013. Mobile Integrated Systems, Inc. does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances. More information about potential factors that could affect Mobile Integrated Systems, Inc. business and financial results is included under the captions "Risk Factors" and "Management's Discussion and Analysis" in Mobile Integrated Systems, Inc. Annual Report on Form 10-K for the fiscal year ended May 31, 2012, and the Quarterly Report on Form 10-Q for the quarter ended February 28, 2013, which are on file with the Securities and Exchange Commission ("SEC") and available at the SEC's website at www.sec.gov.
Mobile Integrated Systems, Inc.
25 Adelaide Street East, Suite 502
Toronto Ontario M5C 3A1
SOURCE Mobile Integrated Systems, Inc.
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