Mobi724 Global Solutions Inc. (CSE 104 0 Kommentare MOS) Announces $1.53M in Sales for 2015, Restatements of Some Interim Unaudited Consolidated Financial Statements for 2015 and Company Highlights for 2015

MONTREAL, QUEBEC--(Marketwired - Feb. 8, 2016) - Mobi724 Global Solutions Inc. ("Mobi724" or the "Company") (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that it has booked sales of just over $1.53M for the fiscal year ending December 31, 2015, including the sales from its previously announced acquisition IQ 7/24 (for Q2, Q3 and Q4). The 2015 consolidated sales has been reviewed by the audit committee.

The Company will release its consolidated results in April 2016. The Company will amend its condensed interim unaudited consolidated financial statements for the three and the six month periods ended June 30, 2015 and for the three and nine month periods ended September 30, 2015.

The 2015 consolidated sales and expenses, excluding non-recurrent expenses, compared to previous years are:


MOBI724 GLOBAL SOLUTIONS INC	AUDITED		AUDITED		INTERNAL
FINANCIAL REVIEW	2013		2014		2015

OPERATIONS:
SALES	$65,935		$149,637		$1,529,611

ADJUSTED ⁽¹⁾ OPERATING EXPENSES	($8,566,893	)	($7,060,089	)	($5,641,355	)

ADJUSTED ⁽¹⁾ NET FINANCIAL EXPENSES	($24,391	)	($99,995	)	($39,097	)

TOTAL ADJUSTED EXPENSES	($8,591,284	)	($7,160,084	)	($5,680,452	)

ADJUSTED NET LOSS BEFORE INCOME TAXES	($8,525,349	)	($7,010,447	)	($4,150,841	)
⁽¹⁾Excluding non recurrent expenses

FINANCING ACTIVITIES ⁽²⁾:	2013		2014		2015
Convertible Debt	$400,000		$2,900,000		$1,083,204
Common Shares	$4,869,077		$2,443,437		$2,014,965
Long-term debt & Demand debt	$137,700		$733,127		$0
	$5,406,777		$6,076,564		$3,098,169
⁽²⁾Annually (non cumulative basis)

The important modifications to the condensed interim unaudited consolidated financial statements for the three and the six month periods ended June 30, 2015 and for the three and nine month periods ended September 30, 2015 will be as follows: