- Upfront commitments to endeavour to spend at least
US$3.5 million received
- Continued momentum from new and existing customers for
annual deals
TORONTO, June 1, 2023
/CNW/ -- Sabio Holdings Inc. (TSXV: SBIO; OTCQX: SABOF) (the
"Company" or "Sabio"), a leading provider of
connected TV ("CTV")/over-the-top ("OTT") advertising platforms
validated by performance, is pleased to announce commitments from
various parties to endeavour to spend an aggregate of at least US
$3.5 million in 2023
("Commitments").
Centred around the government, political, and advocacy market
segments, these various Commitments are expected to drive at least
US$3.5 million in revenues to Sabio
this year. The Company has already started providing its platforms
and services to some of these parties pursuant to the
Commitments.
"These types of agreements are unique and usually reserved for
trusted service providers. These initial Commitments speak to our
strengthening position in the market and more importantly with key
customers in the government, political and advocacy advertising
segments. We expect to continue our strong growth in this market as
we head into a dynamic and eventful 2024 election season," said
Aziz Rahimtoola, CEO of Sabio
Holdings. "Moreover, we are pleased to note that some of these
Commitments solidify deeper relationships within our existing
customer base, as existing clientele further leverage one the most
complete end-to-end technology stacks in the industry, while
bringing more stability to our sales model."
About Sabio Holdings
Sabio Holdings Inc. (TSXV: SBIO) (OTCQX: SABOF) is one of the
fastest-growing CTV/OTT technology and service providers in the
high-growth ad-supported video-on-demand (AVOD) and streaming
space. Its cloud-based CTV/OTT technologies provide publishers with
distribution, monetization, and analytics while delivering ROI
validation for brands and agencies. The Sabio Holdings portfolio is
comprised of: Sabio — our trusted and transparent content
monetization DSP; App Science™ — our cutting edge, non-panel based,
real-time measurement and attribution SAAS platform; and Vidillion
— our cloud-based ad-insertion, and content distribution and
management platform. For more information,
visit: sabioholding.com
Neither the Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release may contain certain forward-looking
information and statements ("forward-looking information")
within the meaning of applicable Canadian securities legislation,
including but not limited to endeavour to spend commitments and
expected resulting revenues. Forward-looking information includes,
without limitation statements containing the words "believes",
"anticipates", "plans", "intends", "will", "should", "expects",
"continue", "estimate", "forecasts" and other similar expressions.
Readers are cautioned to not place undue reliance on
forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The
Company undertakes no obligation to comment on analyses,
expectations or statements made by third-parties in respect of the
Company, its securities, or financial or operating results (as
applicable). Although the Company believes that the expectations
reflected in forward-looking information in this press release are
reasonable, such forward-looking information has been based on
expectations, factors and assumptions concerning future events that
may prove to be inaccurate and are subject to numerous risks and
uncertainties, certain of which are beyond the Company's control,
including the risk factors disclosed in the Filing Statement which
is publicly available on SEDAR at www.sedar.com. The
forward-looking information contained in this press release is
expressly qualified by this cautionary statement and is made as of
the date hereof. The Company disclaims any intention and has no
obligation or responsibility, except as required by law, to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise.
SOURCE Sabio Holdings Inc.