- INEO is ahead of schedule on its 2023 Welcoming System
deployment plans with 50 locations installed in retail stores in
the United States so far this
year
SURREY,
BC, Feb. 22, 2023 /CNW/ - INEO Tech
Corp. (TSXV: 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 provide an update on the progress of its
roll out of the patented INEO Welcoming System with major
retail partners who together have over 3,000 retail locations
across the United States. The INEO
Welcoming System is an integrated digital media display and
Electronic Article Surveillance (EAS) theft protection pedestal
located at the entrance of retail stores which works seamlessly
with retailers' Retail Media Networks. The Company has successfully
completed installations in over 50 retail stores located in
New York City, San Francisco, Los
Angeles and cities in nine additional states including
Tennessee, New Jersey, Pennsylvania, New
Hampshire, Massachusetts,
North Carolina, Virginia, Washington and Florida. Furthermore, the Company is ramping
up to add additional locations.
"We started 2023 with an aggressive deployment plan and we are
happy to report we are ahead of schedule," said Kyle Hall, CEO of INEO. "This marks a tremendous
milestone for INEO in the process of installing our retail media
network in major metropolitan cities of the United States. We have now reached the
inflection point to strategically expand and roll-out systems and
bring in major national advertisers who desire access to our
in-store retail media network. We're excited to continue working
with our partners and customers to bring our technology to even
more stores across the United
States."
INEO has made significant progress in expanding its footprint
and continues to be well-positioned to deploy more systems for its
retail partners in the coming months. The Company remains on track
to roll out INEO Welcoming Systems to its committed locations this
year under the terms of its signed agreements and is focused on
executing on its direct sales pipeline.
Greg Watkin, Chairman and Founder
of INEO, commented, "We are thrilled to see our systems in action
in some of the largest cities in the
United States and beyond, and are tremendously excited to
announce this progress. Working with our major retail partners has
pushed us to grow our network at a tremendous pace and in response
our team has stepped up to rapidly ramp up production. We
recognize this is a major step forward in our goal to expand our
network and with systems continuing to be installed across the
United States, our team is
committed to working with our new and existing partners to grow the
INEO Media Network with more retailers in other cities and
regions."
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 forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectations. Important factors – including the availability of
funds, acceptance of the Company's products, competition, and
general market conditions – 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 Annual
Information Form for the year ended June 30,
2022 filed on SEDAR on November 4,
2022. 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.
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.
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SOURCE INEO Tech Corp.