Cambridge, MA, May 17, 2023 — McapMediaWire — Peer To Peer Network a.k.a. MOBICARD INC. (OTC: PTOP) (“PTOP”), a pioneering technology company specializing in digital business cards, is delighted to announce that it has come to a new agreement with the technology team thanks to a shareholder agreement with the developers by one of our shareholders “Glen”.
The New agreement reads as follows: (last name redacted) “Glen agrees to compensate MOBICARD 2.0 developers $5,000 each (a total of $10,000) to move the development of MOBICARD2.0 towards completion.
Developers guarantee all functionality stipulated in the contract, emphasizing the ability to generate revenue. Upon completion and launch of MOBICARD2.0 into the Apple and Android app stores, Glenn agrees to compensate the last and final payment of $5,000 to each developer (total of $10,000).
If Glen fails to compensate at any point, the terms of the original contract (MOBICARD2.0) between Nicholis Santana, Jay Wallace, and Peer To Peer Network will still hold.”
Through this initiative, the tech development team moves up the date upon which the release of the fully functional MOBICARD2.0 apps will be released to the app stores. Both developers have been paid the next installment of a total of $10,000, and are now on a mission to get the fully functional apps into the app stores. PTOP still plans to launch the MOBICARD1.5 apps first in order to work out any bugs or issues prior to the fully marketable launch. This new agreement will recognize the developer’s outstanding performance and commitment to excellence and this will include competitive financial pay incentives as mentioned, performance based bonuses, and career advancement opportunities. By offering these rewards, PTOP aims to inspire continued innovation and ensure the teams dedication remains at the forefront of technological advancements.
“We deeply appreciate the unwavering dedication and expertise of our tech development team,” said Joshua Sodaitis, Chairman & CEO of PTOP. “They have been instrumental in driving the development forward even after months of no pay. This payment initiative is a testament to our shareholders commitment to fostering a rewarding and collaborative work environment, as we strive to revolutionize the digital business card landscape. With this payment, we can ensure that PTOP is given apps that work properly and give us the ability to generate revenue. This will enable us to get on the path to profitability.
The MOBICARD2.0 tech development team comprises a diverse group of talented individuals, including software engineers, developers, UX/UI designers, and quality assurance professionals. Their collective expertise and collaborative efforts have been instrumental in the ongoing development, and improvements of PTOP’s MOBICARD2.0 digital business card platform solutions.
“We are happy to be able to receive this payment as a testament to the work we have already put into MOBICARD1.5, this new agreement gives us the ability to know that we will be compensated for our time and effort. I know that both Jay & I are happy to gear up for a spectacular launch of MOBICARD2.0 in the near future,” exclaimed Nicholis Santana of the tech development team.
As an industry leader in the digital business card space, PTOP continues to leverage cutting-edge innovation to provide a secure, user-friendly, and feature-rich platform for seamless transactions. Through ongoing collaboration and the recognition of the tech development team’s contributions, MOBICARD2.0 is poised to launch sooner and to strengthen its position as a frontrunner in the digital business card industry.
PTOP A new phase is coming soon.
Joshua Sodaitis, Chairman & CEO MobiCard, Inc.
45 Prospect Street Cambridge, MA 02139
Investor website: www.ptopnetwork.com
Safe Harbor Statement:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov. The company is no longer a fully reporting SEC filing company. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.