Wins RFP for a large brand-name alcohol
product
SURREY,
BC, April 2, 2024 /CNW/ - INEO Tech
Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or
"INEO"), announces a major milestone with the securing of a
significant advertising contract for INEO Retail Media, an
operating division of INEO Solutions Inc.
The new contract is for INEO's Canadian liquor store network and
was a result of an RFP process put forward by a top-five Canadian
advertising agency. The contract with this agency is in the tens of
thousands of dollars for a one-month campaign and INEO is now being
considered for an expanded, follow-on, multi-month campaign with a
total value over one hundred thousand dollars.
"This advertising contract win validates INEO Retail Media's
go-to-market strategy and the Company's premium advertising
locations on digital screens located inside of retail stores,"
stated Kyle Hall, CEO of INEO. "We
now have critical mass of advertising screens in retail stores in
both Canada and the US and our
business model is enticing to advertisers wishing to reach targeted
customer demographics. INEO is continually bolstering our position
as a trusted provider of cutting-edge advertising solutions and
this further validates the effectiveness of the Company's
proprietary technology platform."
The contract win represents a strategic advancement for INEO
Retail Media as the Company embraces working with all aspects of
the advertising market. While this contract win is with a media
buying agency on behalf of a brand name client, the Company is
building relationships beyond brands and media buying agencies by
working with demand side platforms (DSP), programmatic platforms,
alternative supply platforms and advertising wholesalers. INEO's
technological capabilities are enabling the Company to expand its
reach and impact within the advertising ecosystem and make in-store
Retail Media easily accessible for advertisers.
"We are excited to partner with this large advertising agency
and leverage our advanced capabilities to support their marketing
objectives," added Salim Tharani,
Managing Director of INEO Retail Media. "This partnership
exemplifies our mission to empower brands and advertisers with the
tools they need to succeed in today's dynamic digital landscape.
In-store advertising on dynamic digital screens is becoming a hot
commodity and our expanding footprint will ensure we achieve strong
revenue growth. This is a significant contract win for INEO and it
reaffirms our commitment to delivering unparalleled value to our
clients."
Explore the unique offerings and retail partnerships at
www.ineoretailmedia.com .
INEO Tech Corp.
Per:
"Kyle Hall"
Kyle Hall, Chief Executive Officer
and Director
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, and INEO Retail
Media, an advertising sales provider for in-store retail media.
INEO is headquartered in Surrey,
Canada and publicly traded on the TSX-Venture Exchange under
the symbol "INEO" and on the OTCQB 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.