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LX Ventures Portfolio Company Mobio Signs Teen Star Bella Thorne

V.MBO

Marketwire

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 8, 2013) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on with teen star Bella Thorne as a social media influencer. Bella Thorne is an actress, dancer, and singer on the rise who is best known for her role on the hit Disney series Shake It Up! She recently wrapped production on Disney's Alexander and the Terrible, Horrible, No Good, Very Bad Day, Warner Bros' The Familymoon and the independent film Big Sky. She is set to go into production on the Voltage Pictures/Joel Silver film Home Invasion and continues to work on her debut album due out next year along with her book series "Autumn Falls" with Random House. Bella is a social media sensation with more than 4.6 million Twitter followers and 5 million Facebook fans around the globe.

Known for her social media savvy and strong connection with her fans, Bella has selected Mobio as her preferred platform for two-way fan social engagement and dialogue. Mobio INsider will be officially launching on December 1st with a growing roster of the world's leading social media influencers spanning from film, television, music and sport. Mobio has already attracted major influencers such as Ke$ha, Cher Lloyd, and Hot Chelle Rae to engage their fans during Beta testing.

Mark Binns, president of Mobio, said, "The addition of Bella Thorne, a world class social media star, to our roster gives us an excellent entree to a vast young demo who are early adapters of new social tools and along with Bella, this fan base is highly influential. Bella has some of the most engaged fans on the planet, and we are happy to help her develop an even closer relationship with them."

About LX Ventures

LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.

About Mobio

Mobio's flagship product, Mobio INsider, is a leading fan directed content network that rewards fans with content they have a hand in creating from the stars they love and connects brands to their desired audiences. The platform successfully reaches the youth demographic through a highly engaging social experience, while increasing the star's social media following and boosting awareness of brand partners. The company is headquartered in Vancouver, British Columbia. To learn more, please visit www.mobio.net.

ON BEHALF OF THE BOARD

LX VENTURES INC.

Mike Edwards, CEO

CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LX Ventures Inc.
Keir Reynolds
778-998-9242
keir@lxventures.com
www.lxventures.com


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