Mobilicity Obtains Stay Extension to August 31, 2015

TORONTO, May 1, 2015 /CNW/ - Data & Audio-Visual Enterprises Holdings Inc. and its affiliates (collectively, Mobilicity) today announced Mobilicity has obtained an extension of the Stay Period, under the Companies' Creditors Arrangement Act ("CCAA"), to August 31, 2015.

"It continues to be business as usual for our customers and suppliers," said Bill Aziz, Chief Restructuring Officer at Mobilicity. "As the wireless spectrum landscape evolves, the Stay Extension provides Mobilicity with a stable environment in which to evaluate available options and negotiate a value maximizing transaction."

Additional information regarding Mobilicity's CCAA proceedings, including court materials, is available at the Monitor's website at www.ey.com/ca/mobilicity.

Mobilicity will continue to provide updates as developments warrant.

About Mobilicity (DAVE Wireless):

Mobilicity, Canada's smart mobile carrier, was created to bring down the cost of wireless with unlimited talk, text and data plans, affordable North American coverage, plus popular handsets and smartphones – without locking customers into contracts or charging extra or hidden fees. Further information about Mobilicity can be found at www.mobilicity.ca.

SOURCE Mobilicity

Longview Communications, Joel Shaffer, 416-649-8006; Longview Communications, Nick Anstett, 416-649-8008