Futura Announces Strategic Partnership With Co-Auto
September 27 2011 - 8:00AM
Marketwired
The Futura Loyalty Group Inc. (TSX VENTURE: FUT) (the "Company")
today announced that it has partnered with Co-Auto Co-Operative
Inc. ("Co-Auto"), a buying cooperative that currently services over
1200 auto dealers in Ontario, Quebec and the Maritimes, to act as a
sales lead generation partner. Commencing October 1st, 2011,
Co-Auto will begin promoting Futura's product offering to its
dealer clients through its various client outreach channels and
will refer all qualified sales leads to Futura for follow up.
Co-Auto will also assist Futura in managing its roster of active
dealer clients within Ontario, Quebec and the Maritimes.
"This partnership with Co-Auto is a great win-win for both
organizations. From Futura's standpoint, the opportunity to
leverage Co-Auto's unrivalled reach into the auto dealer community
in Eastern Canada has the potential to dramatically accelerate our
auto dealer sales strategy. Co-Auto benefits from adding a suite of
well known loyalty services to its product offering that is proving
to be very popular with auto dealers," said Mark Farrell, President
and CEO of The Futura Loyalty Group.
"We are excited about promoting Futura's product offering to our
over 1200 auto dealer clients. Since launching its auto dealer
focused program in March of this year, Futura has demonstrated that
there is significant interest in the area of loyalty rewards
amongst auto dealers based on the number of dealers they've signed
contracts with. By leveraging our many communication channels with
our dealer universe, we look forward to helping Futura grow its
roster of participating dealers and ultimately seeing our dealer
clients grow their respective businesses by leveraging Futura's
offering," said Tom Langton, President and CEO of Co-Auto.
About The Futura Loyalty Group
The Futura Loyalty Group Inc. is an industry-leading provider of
integrated and stand-alone loyalty solutions for Canadian
businesses. The company offers a suite of loyalty products and
services including access to two existing branded loyalty
currencies. Futura also develops custom programs for companies
wishing to develop proprietary loyalty solutions. Futura's suite of
technology products includes; member account set up interface,
management and reward redemption platform, a web-based program
transaction reporting interface for merchants, a robust offer
management system, retail POS Integration for card swipe issuance
and a proprietary web based reward issuance solution. For more
information regarding The Futura Loyalty Group, visit
www.tflg.ca.
About Co-Auto
Co-Auto is a co-operative buying group doing business with over
1200 new car and truck dealerships in Ontario, Quebec and the
Maritimes. Co-Auto was designed to benefit its auto dealer members
by offering a Complete Purchasing Program providing top quality
products, services, equipment, and central billing. For more
information regarding Co-Auto, visit www.co-auto.com.
Contacts: The Futura Loyalty Group Inc. Mark Farrell President
& CEO 416-775-3160 mfarrell@tflg.ca www.tflg.ca Spinnaker
Capital Markets Inc. Ali Mahdavi Partner 416-962-3300
am@spinnakercmi.com
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