Global MobileTech Announces Entry Into North American Markets

SPOKANE, Wash., July 18, 2012 /PRNewswire/ -- Global MobileTech, Inc. (OTCQB: GLMB), www.globalmobiletech.com today announced its plan to launch its MaxCents e-Shopping portal using its proprietary MobiCAST platform in North America during the first quarter of 2013.  MaxCents is a unique ad-funded location based portal that has combined advertising with a loyalty program that facilitates the conversion of reward points earned by MaxCents community members into cash for donation to charitable/religious organizations classified under Section 501(c)(3) of the Internal Revenue Code.

MaxCents is targeted at suppliers in a broad spectrum that range from small retailers to chain stores/supermarkets and brand owners seeking to sell their discounted products and services to MaxCents members.  Membership is open to everyone, 18 years and above, in particular, taxpayers who have missed the opportunity to obtain tax deductions for their donations to charitable/religious organizations. 

By becoming members of MaxCents community, taxpayers will be able to earn reward points each time they purchase goods and services from MaxCents.  The points earned can be converted to cash for donation to charitable organizations of the member's choice.  Such donations that may be as small as a fraction of one cent could accumulate into a substantial sum through multiple transactions during the year. MobiCAST will aggregate and itemize the donations in meeting with the IRS guidelines for tax deduction eligibility. 

Our recurring revenue streams will comprise of fees from suppliers, online/mobile banner ads and ad campaigns on behalf of our customers. 

"While Asia continues to be the largest market in terms of active subscriptions, North America is an important step in enhancing the organic growth of the Company and long-term interest to move to a senior exchange," stated Aris Bernawi, Chairman and CEO of GLMB.  "With the successful execution of our business strategy in Asia, we believe that this is the right time to enter the North American market using our MobiCAST platform."

"MaxCents will be implemented in several phases commencing with markets in the West Coast during the first quarter of 2013 followed by the East Coast and Midwest in subsequent phases," added Bernawi. "GLMB is inviting suppliers of household and office supplies, apparels, shoes, indoor and outdoor sports equipment to register as a preferred merchant in its suppliers' database.  Interested parties should contact the Company at [email protected]."

ABOUT GLOBAL MOBILETECH, INC.

Global MobileTech (www.globalmobiletech.com) provides a proprietary technology platform used to deliver e-Shopping and mobile/online advertising to users participating in a rewards program.  Users have several redemption options to utilize their reward points that include making free long distance and international calls, sending text messages, and converting the reward points earned into cash for donation to charitable organizations. Global MobileTech provides its patented technology to private label partners and operates the MobiCAST platform and MobiREWARDS program.  Its principal user base is located in Asia.  In addition, Global MobileTech operates an alternative energy segment providing biomass energy consulting services in South East Asia.

Safe Harbor Statement:

Information contained in this release includes forward-looking statements and information that is based on beliefs of, and information currently available to, management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. These forward looking statements often include forecasts and projections for future revenue and/or profits and are subject to revision and are not based on audited results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Global MobileTech, Inc. does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, reports and other documents filed with the Securities and Exchange Commission. Investors should carefully consider the preceding information before making an investment in the common stock of the Company.

SOURCE Global MobileTech, Inc.