|By Marketwired .||
|February 6, 2014 09:32 AM EST||
DORADO, PR -- (Marketwired) -- 02/06/14 -- 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:
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.
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