Business
Mobio Technologies Inc. Announces Internal Loan to Subsidiary Karve IT Ltd. and Repayment of Loans to Phoenix Ventures Inc.
(TheNewswire) Vancouver, B.C. – March 6, 2026 – TheNewswire – Mobi...
About this update from Mobio Technologies, Inc.
[{"type":"text","content":"Mobio Technologies Inc. Announces Internal Loan to Subsidiary Karve IT Ltd. and Repayment of Loans to Phoenix Ventures Inc.\n(TheNewswire)\n\n\nVancouver, B.C. – March 6, 2026 – TheNewswire – Mobio Technologies Inc. (TSXV: MBO)\n(“Mobio” or the “Company”) announces the\nreceipt of an internal promissory note from its subsidiary, Karve IT\nLtd. (“Karve”). Mobio provided funding to Karve for the purpose of\nrepaying outstanding loans owed by Karve to Phoenix Ventures Inc.\n(“Phoenix”).\n\n\nThe total amount repaid by Karve to Phoenix, and\nrepresented in the promissory note issued to Mobio, is $216,289.82\nCAD. The promissory note from Karve to Mobio is repayable on demand\nand bears interest at 14% per annum. Previously, the loans from\nPhoenix to Karve, which have now been fully repaid, were also\nrepayable on demand and carried an interest rate of 12% per\nannum.\n\n\nThese transactions received approval from the\nrespective independent directors of both Mobio and Karve. Laurie\nBaggio, director and CEO of Mobio, abstained from voting due to a\ndeclared conflict of interest.\n\n\nAbout Mobio Technologies Inc. \n\n\nMobio Technologies Inc. (MobioBrands.com), a TSX Venture\nExchange-listed company (TSXV:\nMBO), is actively building a leading portfolio\nof moving and moving-related service brands, united by a dedication to\nquality, integrity, and exceptional customer experiences. As a public\ncompany, Mobio strategically invests in both moving services and\ntechnology solutions, aiming to provide homeowners, businesses, and\nentrepreneurs with a trusted, seamless network for all moving and\nrelocation needs.\n\n\n \n\n\nFor additional information, please contact:\n\n\n \n\n\nLaurie Baggio,\nCEO\n\n\nTel: 604-805-7498\n\n\nEmail: [email protected]\n\n\n \n\n\nCAUTIONARY NOTE REGARDING\nFORWARD-LOOKING STATEMENTS \n\n\nOther than statements of historical\nfact, all statements included in this news release, including, without\nlimitation, statements regarding the grant of Options and future plans\nand objectives of Mobio, are forward-looking statements that involve\nvarious risks and uncertainties. There can be no assurance that such\nstatements will prove to be accurate, and actual results and future\nevents could differ materially f...