NEW YORK, May 29, 2018 (GLOBE NEWSWIRE) — Mobiquity Networks, a mobile location data intelligence company and a wholly owned subsidiary of Mobiquity Technologies, Inc. (OTCQB:MOBQ), today announces that they have entered into a revenue sharing partnership with Advangelists, the leading provider of an integrated, low-cost, technology platform to meet all the needs of digital programmatic advertisers.
The revenue sharing partnership provides Advangelists’ 200+ clients, including Airbnb, Microsoft, Nike, AOL and Cheetah Mobile, the ability to pay for access to Mobiquity’s geolocation data and location-based audiences for better targeting and attribution. Mobiquity anticipates receiving initial revenue from this partnership over the next 2 quarters. The Company expects this partnership to be a key driver towards increasing shareholder value over the long term.
“Location has always been a key to mobile advertising. Unfortunately, it has been diluted over time to include IP address and other very broad location detection methods.” Said Deep Katyal, CEO at Advangelists. “We are very excited to partner with Mobiquity to launch precise horizontal and vertical location targeting to the Advangelists platform. Coupled with Advangelists’ complimentary POI services and post campaign attribution, Mobiquity brings intelligence that our advertisers need to better understand their audiences as well foot traffic.”
Mobiquity Technologies CEO, Dean Julia stated, “With the latest cutting edge upgrades we’ve made to our platform, we are proud that Advangelists shares our enthusiasm and sees the tremendous added value our services bring to the market. We believe this partnership validates the advances our platform offers and gives Advangelists the competitive edge they need. We are excited to be working with Advangelists, as they are a company that provides the cutting-edge technology solution that the industry has been demanding.”
About Mobiquity Networks (www.mobiquitynetworks.com)
Mobiquity Networks, a wholly owned subsidiary of Mobiquity Technologies, Inc. (MOBQ), is a next generation mobile location data intelligence and marketing company. The company provides precise, unique, at-scale location data and insights on consumer’s real-world behavior and trends for use in marketing and research. With our combined exclusive data set and first party location data via our advanced SDK; Mobiquity Networks provides one of the most accurate and scaled solution for mobile data collection and analysis.
About Advangelists (www.advangelists.com)
Advangelists provides an integrated, low-cost, technology platform to meet all the needs of digital programmatic advertisers. Utilized by over 200 agencies and advertisers including Airbnb, Microsoft, Nike, AOL and Cheetah Mobile. Founded by a team of ad-tech veterans, Advangelists has created a digital ecosystem that is intuitive, lightning fast and offers the features, controls and knobs that reduce overhead and increase revenue.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
Certain statements in this press release constitute “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward‐looking statements. The forward‐looking statements are subject to risks and uncertainties including, without limitation, changes of competition, possible loss of customers, and the company’s ability to attract and retain key personnel.
Mobiquity Technologies, Inc.