Mobetize Announces Kay Wong-Alafriz as Senior Vice President of Operations and Finance

BLAINE, Wash., Oct. 21, 2015 (GLOBE NEWSWIRE) -- Mobetize Corp. (OTCQB:MPAY) ("Mobetize" or "the Company") today announces that Kay Wong-Alafriz has been appointed as the Company's Senior Vice President of Operations and Finance. In her role, Wong-Alafriz will leverage her broad array of project finance, accounting, and compliance experiences and skills to ensure strong operational support of client projects.

"We are pleased to have an executive with Kay's caliber and global background join Mobetize to implement and manage key processes governing our client projects," said Ajay Hans, CEO of Mobetize. "Kay's ability to implement systems, IT strategy and technological solutions, coupled with her experience as a qualified CPA and Chartered Accountant in developing internal controls and compliance processes, will serve Mobetize well as we expand our global partnerships. She also strongly reflects the heightened quality of professionals eager to join our company."

Kay Wong-Alafriz brings more than 20 years of experience in processes management, quality control and compliance to Mobetize and will be responsible for all aspects of operations monitoring in addition to supporting the Company's customer compliance and quality control efforts related to client projects.

Prior to joining Mobetize, Kay was SVP of Finance and Risk Management at Asian Coast Development Ltd. Earlier, Kay held senior finance positions at Imperial Parking Corporation, Great Canadian Gaming Corporation, Sierra Wireless and Vancouver International Airport Authority.

About Mobetize Corp.

Mobetize Corp. (MPAY) is a global technology leader in mobile commerce payment solutions. Mobetize's brand-able platform enables telecom operators and others, to simplify the delivery of key financial and telecom services. Mobetize ensures end-to-end integration for services such as retail/online payments, mobile air-time top ups, domestic and international money transfers, P2P transfers and Visa/Mastercard programs on mobile devices. Mobetize seamlessly integrates and white labels their secure mobile money platform with their delivery partners to help increase their revenues, decrease customer service costs and increase loyalty to existing offerings. For more information, visit http://www.mobetize.com

This press release includes statements that are not historical in nature and may be characterized as "forward-looking statements," including those related to future financial and operating results, benefits, and synergies of the combined companies, statements concerning the Company's outlook, pricing trends, and forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction strategies, and their results, long-term goals of the Company and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. All predictions as to future results contain a measure of uncertainty and, accordingly, actual results could differ materially. Among the factors which could cause a difference are: changes in the general economy; changes in demand for the Company's products or in the cost and availability of its raw materials; the actions of its competitors; the success of our customers; technological change; changes in employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant operations and materials; transportation, environmental matters; and other unforeseen circumstances. A number of these factors are discussed in the Company's previous filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

CONTACT: Stephen Fowler, CFO
         Mobetize Corp.
         (206) 347-4515
         
         Gus Okwu, SVP - Investor Relations
         Allison+Partners
         646-428-0638