MobileBits Begins the Year with Close to $1 Million in New Contracts

LOS ANGELES, Jan. 11, 2012 /PRNewswire/ -- MobileBits Holdings Corp., (OTCBB: MBIT), a premium provider of end-to-end content delivery solutions, today announced it has signed several new contracts totaling nearly $1 million, including: Total Car Score, UB Sports, Filmbreak and a major network & cable provider.

In addition to the annual recurring license and professional services revenue generated by each engagement, the Company may also place and collect advertising, subscription and commerce revenue for each mobile and web asset, where applicable.

MobileBits' newest partners have chosen to power their digital presences with Pringo Connect, the best in class end-to-end digital management and delivery platform which was unveiled in Q4 2011.  The extensive backend and management system, combined with the product's ability to deliver an extremely flexible user experience across different devices, were the determining factors in the rapid adoption of Pringo Connect.

"We are confident that Pringo Connect will strengthen our digital footprint and increase engagement among our users, especially in the mobile space," said Karl Brauer, CEO of Total Car Score. "We reviewed plenty of other platforms before making this decision, and we are confident that Pringo Connect is the single end-to-end solution that will help us successfully expand our business and reach consumers."

Pringo Connect appeals to organizations across many industries because of its rich feature set which enables companies to engage, connect and monetize their interactions with users, fans and consumers.  From the complete social suite to the seamless rich media playback on any device, audiences can now interact with and share an organization's content, whether it is internally or externally generated.

"We anticipate a strong year going into 2012 and look forward to expanding into even more industry sectors as clients recognize the power and utility of having a platform as unified and rich as Pringo Connect," said Majid Abai, CEO of MobileBits.

To learn how an enterprise can now scale its entire digital presence using Pringo Connect, visit www.mobilebits.com or email [email protected].

About MobileBits
MobileBits Holdings Corp. is a global technology company that provides premium end-to-end solutions that enable any enterprise to manage its entire digital presence from a single platform. Through its Pringo product, MobileBits delivers social, search, rich media, commerce and targeted advertising solutions to any device. To learn more, visit www.mobilebits.com. 
 
For more information contact:

Investor Contacts:
Todd Fromer / Garth Russell
KCSA Strategic Communications
P: 212-896-1215 / 212-896-1250
Email: [email protected] / [email protected] 

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