Delray Beach, FL., Dec. 18, 2013 (GLOBE NEWSWIRE) -- Protext Mobility (OTCQB:TXTM; "Protext Mobility" or the "Company"), a solutions developer of innovative and trusted applications to the mobile communications market today announced it has entered into a partnership and distribution agreement with Waggoner Insurance in which DriveAlert-Canada has been created to market and sell the Company's latest DriveAlert product offering, a text blocking and distracted driving solution utilizing OBD-II technology, aimed at curbing the Distracted Driving epidemic.
Steve Berman-CEO, commented "we're excited to partner alongside this seasoned executive team with a demonstrated and well established operating history within the Insurance vertical. Our initial focus will be the public and private sector insurance carriers, auto-dealership groups and independent mobile retail stores throughout Canada. The agreement provides Protext Mobility the ability to leverage the experience and expertise of the insurance broker channel across Canada in partnership with traditional auto-insurers."
He continued, "The Waggoner team brings over 30 years combined insurance industry experience, led by Brian Kreitz and Peter Tessier whom oversee the day to day operations of Waggoner as well as DriveAlert Canada. Mr. Tessier has been a recent President of the Insurance Brokers Association of Manitoba and just finished his term as Director on the Insurance Brokers Association of Canada where he chaired the Technology Committee. Brian and Peter bring invaluable market insight, connections and relationships within the insurance industry across Canada which we believe will allow Protext to enter markets and access potential end users not easily reachable."
Brian Kreitz- President of DriveAlert Canada commented "we both are very excited with this opportunity. By partnering with Protext, we are able to do our part in hopefully reducing and curbing the dangerous activity of using mobile devices inappropriately while driving. We look forward to implementing technology with the goal to save lives and provide insurance companies the ability to reduce claims costs and control premiums. As the global epidemic of distracted driving knows no geographic boundaries, we believe there is an unmet demand for the Protext distracted driving solution not just in the U.S, but in Canada as well. Waggoner brings to Protext the benefit of access to the best insurance companies that distribute the most auto-insurance products from coast to coast across Canada."
About Protext Mobility, Inc.
Protext Mobility (OTCQB: TXTM) develops innovative applications and trusted solutions for consumers and businesses operating in the mobile communications marketplace. The Company's mobile communications service offering provides consumers with mobile solutions to monitor text activity and curb device usage while driving, as well as businesses solutions' to help manage mobile communications activities amongst employees. Protext Mobility markets its services under the SafeText, DriveAlert and CompliantWireless brands. For more information on the Company and its suite of mobile solutions for consumers and businesses, please visit www.protextmobility.net
About Waggoner Insurance
Waggoner Insurance is privately held P&C broker operating in the province of Manitoba since 1995. As one of the largest auto-insurance brokers (by transaction volume) in Manitoba it has experience and expertise with all aspects and nuances of the auto-insurance marketplace with private and public insurers. Please visit, www.waggonerinsurance.ca
Contact:
David Lewis
Executive Director
617-504-3635 |
investors@protextm.com
info@protextm.com
Disclaimer: The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are identified by words such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms and include statements regarding the potential impact of our new Drive Alert solution and the market opportunity for our new Drive Alert solution. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein including the inability of our new Drive Alert solution to have the desired impact on the reduction of driving injuries. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein. The Company has no obligation to update these forward-looking statements.
