Mobile Optics, Inc., a leader in mobile electronics systems technology announced today that it has received equity investment from Grow Utah Ventures; a private equity venture fund formed by a prominent Utah entrepreneur and private investors.  Mobile Optics was founded in 2000. A privately held company, Mobile Optics conducts its business operations through various channels and is headquartered in Ogden, Utah.

Mobile Optics is one of the first companies to receive funding from Grow Utah Ventures.  “We are excited that Mobile Optics is receiving support from this highly esteemed venture fund,” stated Todd Anderson, CEO of Mobile Optics.  “The capital from Grow Utah Ventures will allow us to aggressively establish our 2005 growth strategy, release new technologies, penetrate emerging markets and pioneer safety/security solutions.”

In addition to the equity investment, Alan Hall CEO of MarketStar and Founder of Grow Utah Ventures will join Mobile Optics’ Board of Directors, lending his years of business experience to the company’s sustainability.  “Mobile Optics has proved itself as an industry leader by adding Fortune 500 companies to its portfolio of clients and we are pleased to help them now with its growth objectives”, said Mr. Hall.

“In 2005 we will align our organizational structure and processes to delivery superior services and embark on a period of significant growth,” stated Troy Sheen Executive Vice President responsible for business development.