DELRAY BEACH, FL--(Marketwired - Aug 4, 2014) - Protext Mobility (OTC Pink: TXTM) (
"Now that DriveAlert has had a reasonable amount of time to be marketed and sold at our partner Auto-Dealerships, we are beginning to see some accurate results of how our solutions are adding significant, immediate, per-vehicle revenue to each participating dealership," stated Steve Berman, CEO of Protext Mobility. DriveAlert, which utilizes Protext's proprietary OBD-II technology, is a text blocking solution that, when enabled, will prevent certain activities on mobile devices in equipped vehicles -- particularly text, email, video/camera, and social media applications. The product is marketed and sold to customers at the point of sale within each dealership, in addition to the prominent advertising for DriveAlert and its safety benefits in strategic areas throughout the facility.
Protext has made several recent announcements regarding the Company's entrance to the Auto-Dealership market and the Dealerships who have executed distribution agreements for DriveAlert. "We continue to have positive discussions with new potential dealership partners around the country, with dozens of dealerships sampling the product in-house. We expect many of these dealerships to begin selling DriveAlert and become additional distribution partners in the coming weeks. In the short amount of time since rolling out the in-store, point of purchase model, the Company's auto-dealer distributors as a whole have reported gross sales directly from DriveAlert in excess of $40,000," Mr. Berman went on to say. "The Dealers have also reported that the public's reaction to the 'No-Text & Drive' concept and DriveAlert product has been nothing short of amazing. As word continues to grow that there is a solution that can help put an end to the distracted driving epidemic available at the local auto dealer, we expect continued exponential growth in this segment of our business model."
About Protext Mobility, Inc.
Protext Mobility (OTC Pink: TXTM) (
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.