MobiCard Inc. Announces Change
in Management
New CFO & COO
CAMBRIDGE, MA --
April 22, 2019 -- InvestorsHub NewsWire -- Peer To Peer Network
aka Mobicard Inc. (Mobicard) (OTC:
PTOP) is pleased to announce the
appointment of Anthony Mirabito as its Chief Financial
Officer and Chief Operating Officer.
As a graduate
possessing a bachelor degree in Finance from Babson College,
Mr. Mirabito has also pursued coursework
at Harvard Extension School and Massachusetts School of Law.
He brings 20 years of experience in mortgage brokerage and
residential real estate development to the table as well.
Having owned a few small businesses Mr. Mirabito has experience filing taxes,
and dealing with financials internally. His background of success
in fields demanding administrative and fiscal discipline are the
perfect complement to support the bold timeline, and initiatives
that CEO Joshua Sodaitis has most recently put into
effect.
Principal among
the many tasks Mr. Mirabito will attend to is overseeing,
coordinating, advancing, and finalizing MobiCard's prior financials
for filing on EDGAR and current financials for disclosure on OTC
Markets. Mr. Mirabito will be able to commit full
time attention and dedication assisting the CEO and Mobicard
accountants towards the rapid advance and completion of such
financials in accordance with the proper GAAP & PCAOB
standards.
"Now that the Code2Action Inc
(C2A) note has been settled, which was the main
obstacle to getting the financials
current, I
expect speedy progress, and I am setting an aggressive timeline to
complete the financials to achieve in rapid progression the
company's strategic hurdles and
objectives." commented Joshua
Sodaitis
CEO.
Upon completion, MobiCard
looks forward to the removal of the OTC Markets stop sign and
intends to file for DWAC eligibility.
The addition of Mr.
Mirabito
to the
MobiCard
management team
he will secure base support for back office operations, thus
enabling CEO Joshua Sodaitis to
concentrate on pursuing and implementing strategies
related to the anticipated roll out of MobiCard's new software
platform anticipated to commence Q4 2019 amongst other
duties.
Mr. Mirabito replaces former CFO James
Bento. Mr. Bento has not been a part of MobiCard since his March 7,
2019 resignation. Mobicard has made tremendous strides towards
completing its business goals, and the position now requires full
time focus on creative problem solving, collaboration, and
completing action items as set forth by CEO Joshua
Sodaitis. Mr. Mirabito has not only assumed the
duties of the previous CFO, but will also help plan and
complete tactical operations required
to attain the corporate strategies as envisioned, and documented by
CEO Joshua Sodaitis.
"The Mobicard team is
unequivocally devoted to organic growth and maximizing shareholder
value for the long term. With the new addition of Anthony
Mirabito
to the team in a
key position, ready to roll his sleeves up full time, and take the
initiative on the financials we are in a much better position than
we previously had been." CEO Josh Sodaitis stated.
MobiCard's
anticipated new
platform and products will deliver benefits to users that go far
beyond the typical smartphone or web application, so success is not
reliant upon aligning with dominant players in the market to drive
traffic. More importantly, once the product is completed, the
opportunity for manifold revenue streams provides long term value
far beyond being just another vehicle to deliver more traffic to a
larger enterprise. It's the vision of CEO Joshua Sodaitis to
deliver shareholders not only market appreciation but real,
long-term profitability as the business model matures.
The appointment of Mr.
Mirabito
to the
MobiCard
management team
is a natural matter given the recent accomplishments made by CEO
Joshua Sodaitis these past few months and weeks. The
commencement of product development, the allowance of the patent
application, and the settlement with Code2Action,
cumulatively provide for an increased
focus on getting down to the business at hand, paving the path to
get the financials completed. Securing the services
of a proven and
successful team member is but one more example of the advances
being made here at MobiCard.
Peer To Peer Network aka
Mobicard
Inc.
(Mobicard) owns and markets its core
technology, a SaaS mobile solution branded C2A MobiCard, a scalable
mobile business card software platform that enables users to create
a customized web-based personalized mobile app that is sharable by
text SMS, email, digital and social media. Subscribers are able to
track when the card opens, views and shares all while validating
and analyzing new leads and referrals in real time, thereby knowing
who and when to follow up www.freemobicard.com
Safe Harbor
Statement:
This release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company invokes
the protections of the Private Securities Litigation Reform Act of
1995. All statements regarding our expected future financial
position, results of operations, cash flows, financing plans,
business strategies, products and services, competitive positions,
growth opportunities, plans and objectives of management for future
operations, as well as statements that include words such as
"anticipate," "if," "believe," "plan," "estimate," "expect,"
"intend," "may,"
"could," "should," "will," and other similar expressions are
forward-looking statements. All forward-looking statements involve
risks, uncertainties and contingencies, many of which are beyond
our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. Factors that may cause actual results
to differ materially from those in the forward-looking statements
include those set forth in our prior filings at www.sec.gov. The company is no longer a
fully reporting SEC filing company. We are under no obligation to
(and expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
Joshua
Sodaitis, CEO
MobiCard, Inc.
45 Prospect Street Cambridge,
MA 02139
Phone: 1-617-651-2460
Email: info@freemobicard.com
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