Logiq Acquires Rebel AI to Bring E-commerce Growth to Brands and Agencies
March 30 2021 - 8:01AM
InvestorsHub NewsWire
Logiq Acquires Rebel AI to Bring E-commerce
Growth to Brands and Agencies
New York, N.Y. & Boulder, CO -- March 30,
2021 -- InvestorsHub NewsWire -- Logiq, Inc. (OTCQX:
LGIQ), a global provider of award-winning e-commerce and
fintech solutions, has acquired Rebel AI, an innovator in digital
marketing solutions.
The
Rebel AI platform, which is to be named Logiq Digital Marketing,
will enable small and
medium-sized businesses (SMB) to more effectively compete against
larger businesses for new customers. Through a simplified,
easy-to-use platform, marketers will be able to advertise across
popular websites and connected TV media destinations to attract
more consumers to their online stores. Coupled with advanced
audience targeting, artificial intelligence algorithms and
blockchain-based security, this platform will also lower the costs
of customer acquisition.
“Rebel AI’s approach to addressing the needs of
e-commerce brands and agencies fully aligns with our strategic
focus, and we expect the addition of their proprietary technology
to dramatically accelerate the time-to-market of the launch of our
holistic digital marketing strategy,” stated Logiq CEO, Tom
Furukawa. “Combining our respective strengths and capabilities puts
us years ahead in terms of delivering a uniquely powerful platform
geared for our SMB agency and brand
clients.”
Logiq Digital Marketing is an open AI platform
that not only provides flexibility for future development and
integrations, but also allows clients to embed their own unique
customizations for their business while remaining forward
compatible with future enhancements.
“Logiq shares our vision of simplifying the
marketing workflow for small and medium businesses,” said Rebel
AI’s founder and CEO, Manny Puentes. “By combining Rebel AI’s data
management and media buying capabilities, Fixel’s engagement-based
AI-segmented audiences, and DataLogiq’s comprehensive consumer
profiles into a single platform, we’re laying the foundation for
marketers to reach their consumers in an easier and more
cost-effective way.”
In
the U.S. alone, the top 10 e-commerce players will account
for 63.2% of online sales. Along with rising digital media
costs, hidden marketing technology fees, and fast-evolving laws and
regulations surrounding consumer data and privacy, SMBs have been
underserved by the fragmented marketing technologies available to
them to date. Logiq Digital Marketing was built specifically to
address these challenges.
Further details of the transaction can be found
in the company’s current report on Form 8-K filed with the
Securities and Exchange Commission and available at sec.gov and from the investor section of the company’s
website at ir.logiq.com.
About Logiq
Logiq,
Inc. (OTCQX:
LGIQ) is a U.S.-based leading global provider of eCommerce,
mCommerce, and fintech business enablement solutions. Its DataLogiq
subsidiary provides a data-driven, end-to-end eCommerce marketing
solution for enterprises and major U.S. brands, including Home
Advisor, QuinStreet and Sunrun. Its AI-powered LogiqX™ data engine
delivers valuable consumer insights that enhance the ROI of online
marketing spend. The company’s Fixel™ technology offers simplified
online marketing with critical privacy features. Logiq Digital
Marketing is an end-to-end digital marketing platform for brands
and agencies.
Logiq’s AppLogiq™ platform-as-a-service enables
small- and medium-sized businesses worldwide to easily create and
deploy a native mobile app for their business without technical
knowledge or background. AppLogiq empowers businesses to reach more
customers, increase sales, manage logistics, and promote their
products and services in an easy, affordable, and highly efficient
way. AppLogiq is offered in 14 languages across 10 countries and
three continents, including some of the fastest-growing emerging
markets in Southeast Asia. The company’s PayLogiq™ offers mobile payments, and GoLogiq™ offers hyper-local food delivery
services.
For
more information about Logiq, go to Logiq.com.
Forward-Looking
Disclaimer
This press release may contain certain
forward-looking statements and information, as defined within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, and is subject to the
Safe Harbor created by those sections. Logiq cautions you that
statements in this press release that are not a description of
historical facts are forward-looking statements. These statements
are based on Logiq’s current beliefs and expectations. The
inclusion of forward-looking statements should not be regarded as a
representation by Logiq or its affiliates that any of its plans or
expectations will be achieved. Actual results may differ from those
set forth in this press release due to the risk and uncertainties
inherent in Logiq’s business, including, without limitation: the
ability of Logiq to successfully complete the NEO listing process,
the fitness of Logiq’s products and services for a particular
application or market, the ability to effectively integrate Rebel
AI into our business operations, expectations of future events,
business trends, financial results, and/or business transactions
that may not be consummated or realized, as well as other risks
described in Logiq’s prior press releases and in its filings with
the Securities and Exchange Commission (“SEC”), including under the
heading "Risk Factors" in Logiq’s Annual Report on Form 10-K and
any subsequent filings with the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and Logiq undertakes no obligation to
revise or update this press release to reflect events or
circumstances after the date hereof.
Company
Contact
Brent Suen, President
Logiq, Inc.
Email
contact
Media & Investor
Contact
Ronald Both or Grant
Stude
CMA
Investor & Media Relations
Tel
(949) 432-7566
Email
contact
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