MobileBits Introduces Initial Board of Advisors

MobileBits attracts leading individuals to help guide the company

Oct 28, 2010, 09:00 ET from MobileBits Holdings Corp.

SARASOTA, Fla., Oct. 28 /PRNewswire-FirstCall/ -- MobileBits Holdings Corp., (OTC Bulletin Board: MBIT), a global technology company  and provider of the MobileBits™ answer engine, today announces the formation of its initial board of advisors. The Company believes the new board members bring the valuable and diverse backgrounds necessary to support and advise the executive team on its corporate initiatives.

The Board of Advisors includes:

Dr. David A. Evans offers a distinguished background in computational linguistics and the development of search-engine technology.  He currently is President of Evans LLC and formerly served as a CEO and Chief Scientist in the JustSystems Group.  He created the core technology in ConceptBase, the leading enterprise knowledge-management system in Japan.  Dr. Evans holds a Ph.D. degree in Computational Linguistics from Stanford University.  He was also professor of Linguistics and Computer Science at Carnegie Mellon University, where he established the Computational Linguistics Program and the Laboratory for Computational Linguistics.  

Mr. Philippe Winthrop is a Director in the Global Wireless Practice at Strategy Analytics with his focus spanning all aspects of the mobility ecosystem. He has spent his entire career researching emerging technologies and their impact on the corporate value chain. Previously, Mr. Winthrop was a Research Director in Aberdeen Group's Wireless and Mobility Research Practice, IDC, George P. Johnson Company (GPJ) and Axle Ventures.

Mr. Ian Lambert has over thirty-nine years of experience in the management and financing of public companies.  He has been with Trade Winds Ventures, Inc. for nineteen years and served as its CEO & President since 1996. Mr. Lambert's strengths are in the areas of corporate structuring and strategic planning, regulatory compliance with the SEC, as well as other regulatory authorities, public financing arrangements and investor and institutional liaison activities.

Mr. Dan Miller is the EVP Business Strategy at Ingage Networks (formerly Neighborhood America) and Managing Partner of both Startup Florida, LLC and BizTank, LLC.  Mr. Miller has worked with many start-up companies to develop, organize and grow their businesses. He has become a well known subject matter expert and speaker on using technology and people to make companies more efficient and competitive. In 2005 he founded Movo Mobile, a mobile advertising software company, which was acquired by Ingage Networks.

About MobileBits

MobileBits Corporation is a global technology company that provides answers and highly targeted advertisements through its MobileBits™ answer engine, available on mobile phones through the Company's web and smartphone applications.  The Company offers a wide range of answers on a broad scope of web-based content.

To learn more, visit www.mobilebits.com.  

For more information contact:

Investor Contact:

MBC Investor Relations

E:  ir@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 Holdings Corp.



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