Snipp Receives a One Year US$ 215,000 Extension Order From a Leading CPG QSR Company
04 9월 2018 - 8:41PM
TORONTO, Sept. 04, 2018 (GLOBE NEWSWIRE) --
Snipp Interactive Inc. ("Snipp" or the “Company”) (OTCQB: SNIPF;
TSX-V: SPN), a global provider of digital marketing promotions,
rebates and loyalty solutions, today announced that it has secured
a US$215,000 loyalty program renewal agreement with a leading CPG
quick service restaurant company (the ‘Customer’). The Customer is
a leader in the QSR space and also has a strong presence in CPG
at-home products – including beverages, packaged goods and
merchandise. The company has a global footprint of stores that
their customers visit multiple times in a day to get their morning
and afternoon beverage fix!
The Customer had signed Snipp in 2016 for a
trial loyalty program and based on the success of the program, had
previously extended the program on the Snipp platform into 2017.
This most recent extension (into the third year of the contract)
will represent committed billings of at least $215,000, a minimum
of 270% growth from the first year of the program.
The program leverages SnippCheck, Snipp’s
receipt processing platform and Snipp’s loyalty capabilities to
validate purchases and reward consumers. Consumers who spend a
qualifying dollar amount on the company’s products can submit their
purchase receipt to receive the brand’s loyalty currency redeemable
seamlessly in the Customer’s stores. Additional features under this
renewal agreement include incorporating 100s of additional products
into the program and leveraging Snipp’s advanced reporting
capabilities to better understand consumer and retailer behavior
and to help the Customer craft more informed marketing strategies.
The Customer will also continue to utilize Snipp’s pop-up
promotions capabilities through the loyalty platform to drive sales
and improve relationships with key retailers, as well as to
incentivize purchase for specific products throughout the
year.
“We are always pleased to expand our
relationship with an existing customer, but particularly with a
customer of this caliber and reputation. We are proud to have
secured this renewal based on the continued success of the existing
program and the relationship we have with the client; a strong
testament to the efficacy of the Snipp marketing and technology
solutions,” said Atul Sabharwal, Chief Executive Officer at Snipp.
“We look forward to building on our expertise and creating even
more sophisticated solutions to help drive footfalls, thereby
increasing sales and household penetration year over year across
this client’s product portfolio, not only in the US market but
potentially globally as well.”
Visit the Snipp website at http://www.snipp.com/
for Snipp’s full suite of solutions and examples of Snipp
programs.
About Snipp:
Snipp is a global loyalty and promotions company
with a singular focus: to develop disruptive engagement platforms
that generate insights and drive sales. Our solutions include
shopper marketing promotions, loyalty, rewards, rebates and data
analytics, all of which are seamlessly integrated to provide a
one-stop marketing technology platform. We also provide the
services and expertise to design, execute and promote client
programs. SnippCheck, our receipt processing engine, is the market
leader for receipt-based purchase validation; SnippLoyalty is the
only unified loyalty solution in the market for CPG brands. Snipp
has powered hundreds of programs for Fortune 1000 brands and
world-class agencies and partners.
Snipp is headquartered in Toronto, Canada with
offices across the United States, Canada, Ireland, Europe, and
India. The company is publicly listed on the OTCQB, of the OTC
market in the United States of America, and on the Toronto Stock
Venture Exchange (TSX) in Canada. Snipp was selected to the TSX
Venture 50®, an annual ranking of the strongest performing
companies on the TSX Venture Exchange, in 2015 and 2016. SNIPP IS
RANKED AMONGST THE TOP 500 FASTEST GROWING COMPANIES IN NORTH
AMERICA On Deloitte’s 2017 Technology Fast 500™ List, for the
second year in a row.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that involve risks and uncertainties, which may cause
actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect
to future events and are subject to such risks and uncertainties.
Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties,
such as changes in demand for and prices for the products of the
company or the materials required to produce those products, labour
relations problems, currency and interest rate fluctuations,
increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or
expected. We do not intend and do not assume any obligation to
update these forward-looking statements, except as required by law.
The reader is cautioned not to put undue reliance on such
forward-looking statements.
Neither the 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.
Copyright Snipp Interactive Inc. All rights reserved. All other
trademarks and trade names are the property of their respective
owners.
Snipp Interactive (PK) (USOTC:SNIPF)
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Snipp Interactive (PK) (USOTC:SNIPF)
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