Fernley, Nevada (PRWEB) November 12, 2012
Verify Smart Corporation (OTCBB:VSMR) a global leader in preventing credit card fraud, today announced a definitive agreement to acquire iMobile Interactive, a leading global mobile channel digital content distribution and social media company. Verify Smart's patented credit/debit card and online transaction fraud prevention and detection technologies meet the needs of a security challenged transaction processing industry. iMobile headquartered in Princeton, New Jersey develops and markets a robust mobile channel digital content mass communication platform. iMobile’s mobile channel platform opens the mobile world to any internet enabled application including integration with Facebook fan pages and Twitter. The platform enables clients to develop targeted data bases based on consumer/subscriber wants and provides a mass communication command center to distribute virtually any type of digital content to both smartphones and feature phones worldwide. In most instances, integration is accomplished within days not weeks or months. U.S. domestic and international companies are struggling to take advantage of the benefits of the mobile channel and until now have had little choice in selecting a single platform that will meet not only their operational needs but also there need to generate new revenue streams. The combination of products and services delivered by Verify Smart and iMobile, combined with an experienced management and technical staff will certainly have an impact on the way business is conducted in the global mobile marketplace.
The acquisition of iMobile will strengthen the product line of Verify Smart Corporation, with the addition of products and services that cross multiple vertical markets.
Commenting on the transaction Mr. Anthony Cinotti, President and Director of Verify Smart said, "A key aspect of our strategy is to expand our presence in the mobile channel market place and to take advantage of a recently issued U.S. Patent regarding the use of SMS, Biometrics and GPS to prevent credit card fraud. This acquisition fits perfectly into that strategy. Additionally the iMobile products and services afford us the opportunity to enter a number of different markets previously unavailable to us." Credit card fraud is a multi-billion dollar problem for Financial Institutions, Merchants and Consumers worldwide, our innovative solution presents an alternative to many of the methodologies on the market today that are costly and have proven to be ineffective”.
Mr. Paul R. DiMarco, President and CEO, iMobile Interactive added, "This is a great opportunity for us to combine energies with a company that has a vision as to where they want to take innovative products and services to the global mobile channel. We are eager to leverage the international contacts and financial resources of Verify Smart and its leadership and innovative position on global credit card fraud; this will surely enhance the momentum of both Verify Smart and iMobile already witnessed in the marketplace. A common passion for delivering client value will strengthen this
partnership even further."
The transaction is currently expected to close subject to customary closing conditions.
About Verify Smart Corporation:
Verify Smart Corp is an international technology company that develops and markets innovative solutions that combat debit/credit card fraud in the global marketplace. The company’s patented technology dramatically reduces fraud for consumer clients, credit card companies, financial institutions and merchants. The company is focused on delivering a robust and long term solution for the security challenged transaction processing industry. The company is at the forefront of the fraud prevention revolution and is gaining worldwide attention with its proven and scalable solution. http://www.areyouverified.com
About iMobile Interactive:
iMobile Interactive is an international mobile communication and marketing company that empowers brands, agencies, corporations and media properties to engage customers, develop new revenue streams, drive loyalty and increase sales through the efficient and effective use of the mobile channel. iMobile’s customers connect with consumers across every mobile channel, including SMS, MMS, mobile Web sites, mobile applications and social media networks. http://www.imobileinteractive.com