Mobiquity Technologies generates 56% Q2 sales increase

Mobiquity Technologies, Inc. (OTCQB: MOBQ), a technology provider in next generation mobile advertising media space has announced unaudited second quarter revenues of USD 2.5 million, representing accelerated, continued growth of over 56% when compared to USD 1.6 million in revenues generated in the first quarter of 2019, the company said.

The company continues to recognize growth from the integration of Advangelists into its sales platform. With the recent acquisition of the remaining 52% ownership stake of Advangelists from a third party, Mobiquity is now the sole owner, and this has enabled the acceleration of a series of sales, technology and administration initiatives. The company also benefits from having an expanded sales team for an entire quarter. The company added several highly experienced sales executives, which serves as a catalyst for new client acquisition during the second quarter.

Mobiquity Technologies is a mobile first, next generation, platform-as-a-Service (PaaS) company for data and advertising. The company maintains the largest location database available to advertisers and marketers through their data services division. Its corporate website is www.mobiquitytechnologies.com.