Master Services Agreement positions INEO
for expansion into Staples stores across the United States
SURREY,
BC, June 16, 2022 /CNW/ - INEO Tech
Corp. (TSX-V: INEO) (OTCQB: INEOF) (the "Company"
or "INEO"), the innovative developer and operator of the
INEO Media Network, a digital advertising and analytics solution
for retailers, is pleased to announce the signing of a Master
Services Agreement with Staples the Office Superstore LLC
("Staples").
Under the terms of the Master Services Agreement, both parties
have set terms and conditions for Staples to buy certain INEO
products and use certain INEO services such as traditional EAS
systems and products, as well as the INEO Welcoming System. INEO
has currently installed 26 INEO GATE systems in 12 Staples stores
in 11 US states. The installed Welcoming GATE systems provide a
clear upgrade path to Welcoming Systems in the future. INEO's
deployments in the initial stores positions the Company for
expansion into over 1,000 Staples retail locations across
the United States.
About INEO Tech
Corp. (TSXV: INEO; OTCQB: INEOF)
INEO Tech Corp., through its wholly owned subsidiary, INEO
Solutions Inc., operates the INEO Media Network, a digital
advertising and analytics solution for retailers. INEO's patented
technology integrates and monetizes digital screens with theft
detection sensor gates at the entrance of retail stores. The
Company's cloud-based platform uses IoT (Internet of Things) and AI
(Artificial Intelligence) technology to deliver customized digital
advertising to each retail location based on the demographic mix,
such as age and gender, of customer traffic at each location. The
Company also deploys the INEO Welcoming Network technology through
a SaaS-based solution to larger retail chains. INEO is
headquartered in Surrey, Canada
and publicly traded on the TSX-Venture Exchange under the symbol
"INEO" and on the OTCQB-Venture Market under the symbol
"INEOF".
For more information please visit:
Website:
www.ineosolutionsinc.com
LinkedIn:
www.linkedin.com/company/ineosolutions
Facebook:
www.facebook.com/ineosolutionsinc
Instagram:
www.instagram.com/ineosolutionsinc
Twitter:
www.twitter.com/INEOsolutions
Forward-Looking
Statements
Investors are cautioned that, except as disclosed in the
disclosure document, any information released or received with
respect to the Company may not be accurate or complete and should
not be relied upon. Trading in securities of the Company
should be considered highly speculative. This news release
contains statements and information that, to the extent that they
are not historical fact, may constitute "forward-looking
information" within the meaning of applicable securities
legislation. Forward-looking information may include financial and
other projections, as well as statements regarding future plans,
objectives or economic performance, or the assumption underlying
any of the foregoing. This news release uses words such as "may",
"would", "could", "likely", "expect", "anticipate", "believe",
"intend", "plan", "forecast", "project", "estimate", "outlook", and
other similar expressions to identify forward-looking information.
Forward-looking information involves significant risks,
assumptions, uncertainties and other factors that may cause actual
future results or anticipated events to differ materially from
those expressed or implied in any forward-looking statements and
accordingly, should not be read as guarantees of future performance
or results. There are a number of important factors that
could cause the Company's actual results to differ materially from
those indicated or implied by forward-looking statements and
information. Other factors that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed on SEDAR, including the Company's
most recent annual and interim Management Discussion and Analysis
and Financial Statements. 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 to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except to the extent required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ineo-announces-signing-of-master-services-agreement-with-staples-301569372.html
SOURCE INEO Tech Corp.