DELTA, BC – April 26, 2010 -- www.investorideas.com, a global investor research portal covering multiple sectors including technology, presents an interview with Mr. Walter Kostiuk, Founder & CEO of MobileBits Corporation (OTCBB:MBIT).

 

MobileBits is a global technology company that provides answers and highly targeted advertisements through its MobileBits(TM) 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.

 

MobileBits offers consumers a new approach to mobile search in the form of an answer engine.  MobileBits doesn’t use any human or community support to deliver results, which make this service extremely scalable and fast.

 

MobileBits Founder & CEO, Walter Kostiuk, is a 15-year wireless technology veteran and former BlackBerry® (NASDAQ:RIMM) employee.

 

Q- Investorideas.com

What is MobileBits target market?

 

A- Mr. Walter Kostiuk, Founder & CEO of MobileBits

 

We believe there is a major shift in the way people access content on their mobile devices. It is very different than surfing the web at home or the office from your PC. It’s about immediacy and relevancy. Our product is geared to those who are not really researching information, but already know what they are looking for and just want to ask the question and receive the information in the fewest clicks.

 

Q- Investorideas.com

 

When will MobileBits launch officially?

 

A- Mr. Walter Kostiuk, Founder & CEO of MobileBits

 

We are continually connecting to content on the web with our process and expect to be releasing a Beta version in the near term on a wide variety of content. I encourage everyone to visit our website at www.mobilebits.com and sign up for the early Beta releases.

 

Q- Investorideas.com

How does your company deliver precise answers automatically when others use human beings and online communities to deliver results?

 

A- Mr. Walter Kostiuk, Founder & CEO of MobileBits

 

We know the shortest path to profitability is through automation and scalability. Our approach has the ability to disambiguate text and categorize questions. Since most mobile questions are short we can do this with incredible speed. Once the question is understood, the system can easily dive deep into the specific category source on the web and extract the precise answer automatically.

 

 

 

Q- Investorideas.com

What would you like investors to know?

 

A- Mr. Walter Kostiuk, Founder & CEO of MobileBits

 

The opportunity to deliver on intelligent search is a really big thing and the mobile economy is a major disruptor. I have invested the last five years of my career researching what I believe is a viable approach to deliver quick results to consumer questions and secured the best technology available. We have delivered on a successful enterprise proof of concept that has answered over 100M questions with a very high accuracy rate. Now we are pointing the system to strategic content sources on the web so we can answer as many questions as people ask.  We don’t index the entire web and hope that something relevant comes back in the result; instead we take a vertical approach to horizontal content.  The service will be free and we will monetize by associating highly targeted advertisements to consumer questions and interests around products, services, people, places and things. The mobile environment creates the opportunity for change and those companies that can deliver value across the internet, including mobile, will have the best chance at being successful.

 

Follow MobileBits on Twitter.com: http://twitter.com/MobileBitsCorp

 

MobileBits Corporation (OTCBB: MBIT) Profile Page on Investorideas.com

http://www.investorideas.com/CO/MBIT/

 

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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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Contact Info:

MobileBits Corporation

Investor Relations

Phone: 941.309.5356

Fax: 941.309.5257

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