Riverside, CA, December 19, 2009 --(PR.com
)-- MobGold, the leading platform provider in mobile advertising network and mobile transaction solutions, today announced that expansion-stage venture capital, Fast Global Investments has made a strategic investment in the company's series B round of financing. The company plans to use the new investment for product development, marketing and market expansion.
"MobGold has made huge strides over the past year to solidify its position as a leading mobile advertising company," said Alan Chang, president and chief executive officer, MobGold. "Fast Global Investments' venture in MobGold is strategically significant for the industry at large, and it validates the efforts we've made to make MobGold the thriving company it is today."
"Our strategic partnership with MobGold is an important addition to Fast Global Investments' mobile entertainment initiatives," said Qimie, vice president and investment director of Fast Global Investments. "We are excited about this company's prospects and are delighted to help support the global expansion of an established industry leader that has a proven ability to develop cutting-edge mobile advertisement platform and establish strong distribution partnerships."
"We're committed to working with the world-class team at MobGold to help this company build upon its leadership position in the mobile advertising industry," said Qimie, representing Fast Global Investments. Terms of the investment are not being disclosed.
MobGold, a global player in mobile advertising has expanded into US, UK, Spain, South Africa, India, Indonesia and Thailand as of todate. Through the worldwide ad serving platform, MobGold Network serves targeted ads within its community effectively, making mobile advertising more efficient and cost effective for both publishers and advertisers. MobGold Network is expected to convert advertisement formats on 1500 popular handset models based on single upload, including the Nokia Series 30, Series 40 and Series 60 devices, Sony Ericsson, Siemens, Motorola, Samsung, iPhone, BlackBerry and LG.
MobGold, allows publishers, network operators, web portals and mobile phone retailers to monetize their mobile traffic; at the same time, allows advertisers to market their products and services in different mobile platforms, by allowing consumers to access millions of contents and services on the move. By harnessing the mobile devices as a promotional tool, MobGold Network helps publishers drive data revenues and ARPU by attracting and retaining high value customers.
The company forms strategic partnerships in North America, Europe, Asia and Africa, with access to over 150 network operators and 500,000,000 mobile users around the world.
MobGold develops and operates MobGold Network, the mobile advertising network and mobile transaction solutions for advertisers, brand owners, publishers, network operators, web portals and mobile phone retailers to monetize their user traffic around the world. With expertise in architecture design of high traffic high speed transaction platform, web development and mobile content provisioning, MobGold is uniquely positioned to offer complete end-to-end solutions for both advertisers and publishers from advertisement format conversion, campaign management, statistic, to final delivery and billing. MobGold believes that mobile is the future of digital marketing and as the new media to outshine the conventional web media. For further information, please visit www.mobgold.com
About Fast Global Investments
Fast Global Investments is an investment holding company focused on high and fast growth Information Technology, Telecommunication and Software companies. The company provides seed funding, expansion-stage venture capital, as well as corporate advisory services. The company main investments focus in Greater China markets such as China, Hong Kong and Taiwan, as well as South East Asia.