|By PR Newswire||
|January 29, 2014 02:18 PM EST||
TORONTO, Jan. 29, 2014 /PRNewswire/ - How would you feel if Florida's I-95 was named after a bank for $50 million a year on a 20 year contract ($1.0 Billion)? Or, if a bankrupt city like Detroit sold its name to a big corporation such as Google, guaranteeing thousands of jobs while gaining billions of dollars.
MoPals.com Inc.'s ("MoPals" Stock Symbol: MOMO), CEO and founder, Alex Haditaghi believes that naming rights are the answer for building bigger than life brands while simultaneously creating revenue opportunities for cities and states like Toronto, Florida and Michigan. "It's common place today for corporations to pay money for the naming rights to sports stadiums, schools and hospitals, yet this potential revenue stream is being largely ignored by our communities and I think it's time we changed that," said MoPals' founder and CEO Alex Haditaghi .
Haditaghi has propositioned Toronto's mayor Rob Ford and his brother, Councillor Doug Ford to purchase the naming rights of Yonge street and rename it, "MoPals Street". Posted on his private blog alexhaditaghi.com, Haditaghi publicly announced his interest in purchasing the naming rights of the world's longest street in an effort to give back. "When we begin to see naming rights as a valuable means of investing and enhancing our neighborhoods, we can begin to see the positive side." Haditaghi continued by stating that, "Driving and fostering community is a big part of the MoPals brand. Purchasing the naming rights of Yonge Street would give us an opportunity to give back and build a stronger city and a stronger brand." said Haditaghi.
MoPals.com Inc. (MOMO) is a publicly traded company and the world's first community-driven, crowdsourced loyalty program that bridges the gap between social media and reward platforms. With a mobile-based, experiential and Big Data-driven platform, MoPals rewards its members for both social and transactional behaviors. MoPals uses an exclusive digital currency, MoCoins™, to foster an exciting community where consumers are rewarded for making purchases at participating businesses, as well as engaging in a wide range of social media activities that enhance brand value. For more information, visit the company website at www.MoPals.com
Forward Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. 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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