Multi-year Contract Increases Value to CAD $879,000
NEW BRUNSWICK, N.J. and
MONTREAL, Oct. 24, 2018 /CNW/ -- Engagement Labs Inc.
(TSXV: EL) (OTCQB: ELBSF) (the "Company") announced today that
it continues to execute on their growth strategy with a major
upsell to a leading Fortune 500 US telecom client. The deal
represents a significant commitment to Engagement Labs by doubling
the contract for the remaining 27 months. The new contract
increases the existing agreement by 100 percent, bringing the new
contract value to CAD $879,000 (USD
$674,325).
The expansion of the relationship builds on the Company's
existing work with the Client. With multiple brands in the Client's
portfolio, the scope of work grew over the relationship from one
brand at launch, expanded to two brands, and now TotalSocial®
includes four key brands. The new upsold capabilities include
expanded access to the TotalSocial dashboard, additional social
media platforms, customized diagnostics, more reporting for the
expanded portfolio of brands that are part of the
relationship. The platform has been critical to the Client's
aggressive expansion strategy.
"This latest contract confirms that our customers continue to
entrust Engagement Labs to enhance their marketing strategy, help
increase sales and brand loyalty with the use of our TotalSocial
platform," said Ed Keller, CEO of
Engagement Labs.
"A major priority of Engagement Labs growth strategy includes
upsells to existing customers," adds Steven
Brown, President and Chief Revenue Officer of Engagement
Labs. "We continue to see our clients build on their successes and
increase their use of our platform."
About Engagement Labs
Engagement Labs (TSXV: EL)
(OTCQB: ELBSF) is an industry-leading data and analytics firm that
provides social intelligence for Fortune 500 brands and companies.
The Company's TotalSocial® platform focuses on the entire social
ecosystem by combining powerful online (social media) and offline
(word of mouth) data with predictive analytics. Engagement Labs has
a proprietary ten-year database of unique brand, industry and
competitive intelligence, matched with its cutting-edge predictive
analytics that use machine learning and artificial intelligence to
reveal the social metrics that increase marketing ROI and top line
revenue for its diverse group of clients.
To learn more
visit www.engagementlabs.com / www.totalsocial.com.
About TotalSocial®
TotalSocial®
is a premier data and analytics platform that provides brands with
unique insights, improved marketing ROI and strategies to grow
revenue. Fueled by actionable online and offline data, TotalSocial
is the only platform that encompasses and listens to the entire
social ecosystem. TotalSocial offers unique, proprietary data about
brands, its industry and competitors. With cutting-edge
diagnostics, patent-pending predictive analytics and machine
learning, TotalSocial identifies business opportunities and
provides recommendations and a roadmap to grow revenue and achieve
business and marketing goals.
Disclaimer in regard to Forward-looking
Statements
Certain statements included herein constitute
"forward-looking statements" within the meaning of applicable
securities laws. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable by management at this time, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Investors are cautioned not to put undue reliance on
forward-looking statements. Except as required by law, Engagement
Labs does not intend, and undertakes no obligation, to update any
forward-looking statements to reflect, in particular, new
information or future events.
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.
For media inquiries please contact:
Vanessa Lontoc, Marketing Director /
Ed Keller, CEO
Engagement Labs
732-846-6800
vanessa.lontoc@engagementlabs.com /
ed.keller@engagementlabs.com
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SOURCE Engagement Labs