Mobiquity Networks Partners With GGP in Mall Network Expansion Deal
January 08 2016 - 8:00AM
Mobiquity Networks, a wholly owned subsidiary of Mobiquity
Technologies, Inc (OTCQB:MOBQ) announced today it has partnered
with General Growth Properties (NYSE:GGP) to be the provider of
beacon-based advertising services throughout GGP’s high-quality
portfolio of shopping centers in attractive U.S. markets. With this
agreement, Mobiquity Networks has successfully partnered with the
top three mall property operators in the U.S., creating the largest
retail location‐based mobile advertising and app engagement network
in the nation.
GGP is one of the country’s leading owners, operators and
developers of major retail properties. Its malls offer a mix of the
most popular and unique retailers in the world. GGP’s top-tier
shopping locales include Tysons Galleria (Washington D.C.),
Glendale Galleria (Los Angeles), Water Tower Place (Chicago) and
Ala Moana Center (Honolulu). GGP malls are more than just places to
shop -- also serving as entertainment and social hot spots with
movie theaters, restaurants, ice-skating rinks and numerous family
activities.
For Mobiquity Networks, the deal represents another significant
footprint expansion, and further establishes the company’s position
as the definitive leader in mall-based retail beacon networks. This
partnership enables retailers, brands and advertisers, to take
advantage of beacon-based proximity marketing opportunities and to
reach out to active shoppers, in real-time, on an unprecedented
scale.
With this agreement, Mobiquity Networks’ footprint grows to more
than 475 premium malls. Through Mobiquity’s expanding network,
advertisers will have the potential to engage with nearly 400
million monthly shopping visits, with the potential to directly
influence as much as $500 Billion in annual brick and mortar retail
spending and credit card purchases just as they are about to
happen. This deal establishes Mobiquity Networks’ position as the
definitive leader in beacon-based retail consumer engagement
services.
“Beacon technology brings the online and offline worlds together
in a powerful way, empowering brands to connect with customers with
the right message in exactly the right place at exactly the right
time,” said Thomas M. Arnost, Executive Chairman of Mobiquity
Networks. “Adding GGP’s portfolio of 120 premium malls to our
network represents a significant expansion of our footprint and
testifies to our leadership position in the rapidly emerging beacon
industry. We’re proud to have assembled unrivaled scale in the
retail space that will ultimately benefit all stakeholders, and
help us fulfill our mandate to enhance the brick and mortar
shopping experience for today’s on-the-go, mobile equipped
shopper.
About Mobiquity Technologies:
Mobiquity Technologies, Inc. (OTCQB:MOBQ) (“Mobiquity”), parent
company of Mobiquity Networks, operates a national location‐based
mobile advertising network that has developed a consumer‐focused
proximity network which we believe is unlike any other in the
United States. Mobiquity’s integrated suite of leading‐edge
location based mobile advertising technologies allows our clients
to execute more personalized and contextually relevant experiences,
driving brand awareness and incremental revenue. Mobiquity
Technologies will continue to attempt to expand its location‐based
mobile advertising solutions to create “smart malls” in retail
destinations across the U.S. using Bluetooth‐enabled iBeacon
technology. Please visit the Company’s corporate websites at:
www.mobiquitytechnologies.com and
www.mobiquitynetworks.com.
Contact: For media inquiries: Mobiquity TechnologiesJim
Meckley(516) 256‐7766 x222
About GGP
General Growth Properties, Inc. is an S&P 500 company
focused exclusively on owning, managing, leasing and redeveloping
high quality retail properties throughout the United States. GGP is
headquartered in Chicago, Illinois, and publicly traded on the NYSE
under the symbol GGP. www.ggp.com
CONTACT:GGPKevin Berry, VP Investor
RelationsKevin.Berry@generalgrowth.com
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995.
Certain statements in this press release constitute
“forward‐looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward‐looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the company to be materially different from any
future results, performances or achievements express or implied by
such forward‐looking statements. The forward‐looking statements are
subject to risks and uncertainties including, without limitation,
changes of competition, possible loss of customers, and the
company’s ability to attract and retain key personnel.
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