MOJO Data Solutions Acquires Intellectual Property Assets
07 February 2014 - 1:31AM
Marketwired
MOJO Data Solutions Acquires Intellectual Property Assets
Consummates $530,815 Initial Phase of Private Offering
DORADO, PR--(Marketwired - Feb 6, 2014) - MOJO Data Solutions,
Inc. (OTCQB: MJDS) today announces that on January 31, 2014, the
Company consummated its acquisition of all of the intellectual
property and substantially all of the tangible assets of Mobile
Data Systems, a New York corporation ("MDS"), pursuant to an Asset
Purchase Agreement, dated September 27, 2013, as amended, between
the Company and MDS. MOJO Data Solutions, Inc., a Puerto Rico
corporation previously known as Authentic Teas, Inc., a Nevada
corporation, reincorporated in Puerto Rico under its current name
on September 16, 2013, and changed its stock symbol from AUTT to
MJDS on October 11, 2013.
The intellectual property assets purchased by the Company
include MDS's Campaign Management Suite which offers companies a
complete solution for managing campaigns, engaging consumers and
protecting their brands. The Suite and covers tag and barcode
creation, real-time decision making, marketing analytics, data
integration and content delivery and include the following
technologies:
- Mojo Tags. Smartphone apps that allow consumers to interact
with print, pictures, audio and packaging to connect digital
content and brand experience.
- Mojo Touch. A specially designed and distributed card to
enhance the app experience currently running on smartphone, iPhone,
iPad and Android devices.
- Mojo Insights. Tools to capture and organize customer data for
campaign analytics and authenticating products.
- Mojo Tags App. A smartphone multimedia reader application that
connects consumers with digital content, offers and purchases.
These technologies are intended to create unique and customized
brand experiences that allow consumers using smartphones to scan,
touch and listen "their way" to digital content, offers,
promotions, and purchases. Please go to www.mojotags.com for
further information.
In conjunction with the closing, on January 31, 2014, the
Company consummated the initial phase of a private offering of
Units with gross proceeds of $530,815, of which $190,000 was used
to consummate the closing with MDS and the remainder of which has
been allocated to implement the Company's business strategy.
More information can be obtained by reading the Company's Form
8-K filed today with the U.S. Securities and Exchange Commission.
The hyperlink to the filing is the following:
http://www.sec.gov/Archives/edgar/data/1523486/000149315214000328/0001493152-14-000328-index.htm
About MOJO Data
Solutions, Inc.:
MOJO Data Solutions, Inc. offers innovative solutions for
managing mobile campaigns by connecting consumers to Internet
content via traditional media. MOJO delivers fully integrated,
multimedia mobile visual search and content delivery platforms, by
combining a simple, elegant user experience on the handset, with
sophisticated data processing and campaign management tools.
Our technologies interoperate seamlessly with existing,
large-scale systems including retail point-of-sale, customer
relationship management, campaign management, digital loyalty,
inventory, track-and-trace and mobile operating systems.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The foregoing contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend for these forward-looking statements to be covered
by the safe harbor provisions of the federal securities laws
relating to forward-looking statements. These forward-looking
statements include statements relating to, or representing
management's beliefs about, our future transactions, strategies,
operations, events and financial results. Such forward-looking
statements often contain words such as "will," "anticipate,"
"believe," "plan," "estimate," "expect," "intend," "is targeting,"
"may," "should" and other similar words or expressions.
Forward-looking statements are made based upon management's current
expectations and beliefs and are not guarantees of future
performance. Our actual business, financial condition or results of
operations may differ materially from those suggested by
forward-looking statements as a result of risks and uncertainties
which include, among others, those risks and uncertainties
described in any of our other filings with the SEC. Certain other
factors which may impact our business, financial condition or
results of operations or which may cause actual results to differ
from such forward-looking statements are discussed or included in
our periodic reports filed with the SEC and are available on the
SEC's website at www.sec.gov. You are urged to carefully consider
all such factors. We do not undertake or plan to update or revise
forward-looking statements to reflect actual results, changes in
plans, assumptions, estimates or projections, or other
circumstances occurring after the date of this news release, even
if such results, changes or circumstances make it clear that any
forward-looking information will not be realized. If we make any
future public statements or disclosures which modify or impact any
of the forward-looking statements contained in or accompanying this
news release, such statements or disclosures will be deemed to
modify or supersede such statements in this news release.
Disclaimer: This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, and shall not
constitute an offer, solicitation or sale in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Investor Relations Contact: Craig Allison 914-882-0960
callison@mojotags.com www.mojotags.com
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