VANCOUVER, March 20, 2018 /CNW/ - 3tl Technologies Corp.
(TSXV: TTM)(OTCQB: TTMZF) (the "Company" or "3tl") is pleased to
announce that it signed a one-year license agreement with a leading
kitchen, bathroom and plumbing products manufacturer (the
"Customer"). The Customer, a private company that has been in
business for over 100 years, sells its products under eight brands
in global markets. The license agreement is for a one year term
totalling $220,000 plus
transaction fees. The license agreement was signed in
February of this year with implementation scheduled for late
April 2018, and provides incentives
for the Customer to renew for a second year.
Under the license agreement, the Customer will use
PLATFORM³ to host digital shopper marketing
promotions across multiple brands. PLATFORM³ will be
used to engage consumers via mobile devices, reward purchases and
collect valuable consumer data. PLATFORM³'s
Artificial Intelligence and Machine Learning modules will enable
the Customer to monetize the consumer data by targeting offers
based on consumers' purchasing behaviour and demographics.
"Our platform delivers the best value to customers when they
commit to longer term licenses," said Robert Craig, 3tl's CEO. "This annual agreement
enables the Customer to collect valuable data regarding their
consumers' preferences so that they can increase the impact of
rewards and targeted offers. PLATFORM³ is designed to
motivate initial purchases, and provide tools to motivate purchase
frequency and reward loyalty, such that return on investment
increases for longer term licenses."
About 3tl Technologies Corp.
3tl has developed a
proprietary, mobile-based consumer marketing platform –
PLATFORM³ – that is sold to global Consumer Packaged
Goods (CPG) companies and consumer brands. PLATFORM³
is delivered as a subscription service (Software as a Service
model) and used by CPG companies to engage consumers, reward
purchases and collect valuable consumer data.
PLATFORM³ incorporates Artificial Intelligence and
Machine Learning to monetize the consumer data, including
demographics and purchasing behaviour, by sending consumers
targeted offers by email and text messages. For more information,
visit 3tltechcorp.com.
For additional information about the company please visit
www.sedar.com. The TSX Venture Exchange Inc. has in no way
passed upon the merits of the transaction and has neither approved
nor disapproved the contents of this press release. Neither
TSX Venture Exchange nor its Regulation 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. This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectation. Important factors - including the
availability of funds and the results of financing efforts, - that
could cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from
time to time on SEDAR (see www.sedar.com). Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press
release. The Company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE 3tl Technologies Corp.