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R&B Superstar Akon Starts Using Mobio INsider

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/16/14 -- LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that five-time Grammy nominated, multi-platinum selling recording artist and producer Akon has joined Mobio as a social media influencer. Akon has sold 12 million albums worldwide, and has over 45 Billboard Hot 100 songs under his belt. Known as one of the most popular international artists in music today, he has made over 300 guest appearances working with everyone from icons Michael Jackson, Whitney Houston and Lionel Richie to Gwen Stefani, Lady Gaga, Lil Wayne and Eminem. The international hitmaker has amassed a global following of over 5 million Twitter followers and 52 million Facebook Likes.

Akon joins a long line up of celebrity influencers who use Mobio INsider to better engage with their fans. Mobio INsider helps to reduce the noise and sheer volume of requests received by Influencers, and allows for easy identification of popular requests that have the most positive impact for fans.

"Mobio INsider is the future of social media and fan interaction. Watching the platform evolve and seeing how fans have jumped on has inspired me to join the party. I can't wait to start interacting with my fans and welcome them to be part of my social experience," said Akon.

Mark Binns, CEO of Mobio, said, "We're thrilled to have Akon onboard! He is a widely recognized and global artist that gives us great reach. I can't wait for his fans to find out they have a chance to get recognized by their idol."

About Mobio

Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobioinsider.com.

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.

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.

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