Mobiquity Technologies, Inc. announced that on March 17, 2022, Anthony Iacovone resigned from Company's board of directors for personal reasons. On March 18, 2022, Anne S. Provost was elected to the board of directors to serve as an independent director and as a financial expert. Ms. Provost was also nominated to replace Mr. Iacovone on all three board committees, which consist of an Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee.

Anne S. Provost has been employed full-time with TNR Technical, Inc. in various capacities since 1996. She has served as its Chief Financial Officer since 2008 and was recently elected as Acting President. Prior to TNR, she worked as a Business Manager with the Orlando Business Journal.

She graduated from the University of Central Florida in 1991 with a BSBA, Accounting. She completed her undergraduate degree while working full-time in the accounting departments of various Orlando law firms. In 2008, she obtained an Executive MBA from the University of Central Florida. On March 17, 2022, the Company terminated the Employment Agreement of Don (Trey) W. Barrett III for cause and his replacement is long time employee, Jed Weissberg.

Mr. Weissberg will serve as SVP of Operations and Finance. In addition to his established contributions at Mobiquity, Jed has a 20-year history of building online services, and has worked at Nickelodeon, The New York Times and the Huffington Post. The Company does not expect to incur any material early termination penalties regarding Mr. Barrett, due to the fact the termination was for cause.

His Employment Agreement is summarized in a Form 8-K filed with the Securities and Exchange Commission on January 6, 2022, which is incorporated by reference herein. Mr. Barrett served as Chief Operations and Strategy Officer since January 4, 2022.