MobileBits (OTCBB:MBIT) to Set New Standards in Mobile Search Marketplace

SARASOTA, Fla. - April 13, 2010 (http://www.investorideas.com/ Tech Stocks Newswire) - MobileBits Holdings Corp., (OTC Bulletin Board:MBIT.ob), a global technology company, today announced its plans to launch the world's first automated mobile answer application, MobileBits™. With MobileBits™, consumers will now be able to ask questions and quickly receive relevant answers and information on a broad scope of content.


Designed specifically to meet the needs of mobile consumers, the MobileBits™ application will simplify access to a world of content and enhance performance by delivering answers, not links, to search queries. The mobile community will be able to ask questions on a wide variety of information such as "What is the status of Southwest flight 2974?" or "What is the 52 week high for MBIT?".
"Experiences in our past projects have demonstrated there is enormous value in the ability to connect the mobile community to specific information in the fewest clicks," said Walter Kostiuk, MobileBits Founder. "MobileBits leverages millions of dollars in technology search assets and many years of know-how to capitalize on this valuable marketplace and deliver an easy-to-use solution that returns answers with accurately matched advertisements."


MobileBits™ will offer its answer engine free of charge to consumers. The Company intends to generate revenue through its proprietary ad-matching system; connecting highly targeted advertisements to answers and consumer interests – as determined by the type of questions asked and their location. The Company believes this approach to targeting mobile ads will increase the probability that consumers will pay attention to a particular retailer 'call to action'.



"The value of the mobile economy increases exponentially when consumers are connected with relevant and compelling advertising at the exact time of their interest," Kostiuk further states.


Available this year, MobileBits™ plans to offer applications on the leading smartphones and will also be accessible on any device with an internet browser. Initially available in English, the Company plans to support multiple languages to increase its global market.


About MobileBits
MobileBits Holdings Corp. is a global technology company that provides answers and highly targeted advertisements through its MobileBits™ answer engine, available on mobile phones through the Company's web and smartphone applications. The Company offers a wide range of answers and information on a broad scope of web-based content.

To learn more, visit http://www.mobilebits.com/.

For more information contact:
Investor Contact:

MBC Investor Relations E: ir@mobilebits.com



Forward-Looking Safe Harbor Statement:

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract end users; attract advertisers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.



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