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/C O R R E C T I O N -- MobileBits Corporation/

In the news release, SAMY Mobile Network Grows To 2 Million Shoppers, issued 10-Dec-2012 by MobileBits Corporation over PR Newswire, we are advised by the company that the quotation in the fourth paragraph has changed. The complete, corrected release follows:

SAMY Mobile Network Grows To 2 Million Shoppers

35,000 Merchants and 100 Brands

LOS ANGELES, Dec. 10, 2012 /PRNewswire/ -- MobileBits Corporation (OTCBB: MBIT), provider of SAMYSM, the fast growing Mobile Mall, announced it has reached another key milestone in its mobile shopping network growth.  SAMY now offers 35,000 merchants, 100 brands to over 2 million mobile subscribers in network. SAMY merchant partners offer a wide variety of products and services and include leading brands, restaurants, QSR's, service providers and retailers who engage everyday with local shoppers through the SAMY mobile marketing and loyalty network.

"We are very pleased with the growth and progress of our SAMY network roll-out to this point," said Walter Kostiuk, CEO of MobileBits. "It took us 14 months to achieve our first million subscribers and only 6 months to add the second million subscribers."

SAMY is now available in three countries, USA, Canada and Switzerland, where it originally began and continues to maintain its leading position as the most used mobile shopping app in that country.

"SAMY is our most effective tool for coupon redemption," said Jan De Schepper, Marketing Director for McDonald's Switzerland. "SAMY has been a real asset for maintaining our relationships with our customers when they're away from the store."

"SAMY is providing us a complete turnkey mobile marketing strategy that is easy to deploy and simple to maintain," said Sarah Beaton, Director of Operation for Global Pet Foods in Canada.

As the network of brands continues to quickly expand, we believe the benefits for each individual organization expand exponentially as their mobile storefront and presence is visible to all customers and patrons in the SAMY network.

To learn more about SAMY, visit www.samy.net.

For merchants, brands and retailers interested in joining SAMY, please email sales [at] mobilebits.com.

About MobileBits

MobileBits Corporation, provider of SAMYSM, the fast growing  'Mobile Mall' that enables any merchant, retailer or brand to connect with large numbers of mobile consumers in their local area through various touch points and helps increase sales.  The solution provides business a complete set of tools to connect with, create and manage mobile campaigns, deals, offers, loyalty and rewards to a subscribed mobile consumer. MobileBits operates offices in Los Angeles, Sarasota FL and Zurich, Switzerland. For more information, visit www.mobilebits.com or www.samy.net.

For more information contact:

MobileBits Contact
Media:
Brian Ehrlich
MobileBits Corp.
T: 941.225.6103
brian.ehrlich[at]mobilebits.com
or
Investor Contact:
MBC Investor Relations
[email protected]

Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include our ability to: attract end users; attract advertisers; our ability to successfully implement our current long-term growth strategy; as well as product demand, market competition, fluctuations in advertising payouts, delays in website & application development, technical issues beyond our control, reliance on the various platforms that we build applications on, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.

SOURCE MobileBits Corporation

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