Snipp Signs Three-Year Loyalty Deal With Leading Meat Products Value Brand
March 08 2018 - 7:00AM
TORONTO, March 08, 2018 (GLOBE NEWSWIRE) --
Snipp Interactive Inc. ("Snipp" or the “Company”) (OTCQB:SNIPF)
(TSX-V:SPN), a global provider of digital marketing promotions,
rebates and loyalty solutions, is pleased to announce that a
leading US-based meat products value brand has migrated its
existing loyalty program to the SnippLoyalty Platform. The company
is part of an international multi-national food processing and
distribution company with over eighteen billion dollars (USD) in
global revenue.
Snipp was selected as the new provider for the
client’s existing loyalty implementation and won the contract based
on the ease of use and flexibility of our platform as well as our
ability to run multiple promotions as overlays to the core loyalty
program. Snipp had previously sold multiple shorter-term programs
to this client (in Q4 of 2017), which were precursors to the
current three-year deal. The Company expects to grow this
relationship significantly in coming quarters, with the potential
to add additional brands within both the client’s and its parent’s
portfolios.
According to Atul Sabharwal, Chief Executive
Officer at Snipp, “We’re thrilled to work with this key client to
enhance their existing program and to build on the previous
programs we successfully implemented for them last year. The trust
placed in our platform is significant as this is a core program for
our client and focuses on distribution channels that are critical
to their sales efforts. Contracts that cover essential customer
sales channels are particularly gratifying, because they validate
both the reliability and effectiveness of our technology and
solutions.”
Visit the Snipp website at www.snipp.com for
examples of Snipp programs.
About Snipp:
Snipp is a global loyalty and promotions company with a singular
focus: to develop disruptive engagement platforms that generate
insights and drive sales. Our solutions include shopper marketing
promotions, loyalty, rewards, rebates and data analytics, all of
which are seamlessly integrated to provide a one-stop marketing
technology platform. We also provide the services and expertise to
design, execute and promote client programs. SnippCheck, our
receipt processing engine, is the market leader for receipt-based
purchase validation; SnippLoyalty is the only unified loyalty
solution in the market for CPG brands. Snipp has powered hundreds
of programs for Fortune 1000 brands and world-class agencies and
partners.
Snipp is headquartered in Toronto, Canada with
offices across the United States, Canada, Ireland, Europe, and
India. The company is publicly listed on the OTCQB, of the OTC
market in the United States of America, and on the Toronto Stock
Venture Exchange (TSX) in Canada. Snipp was selected to the TSX
Venture 50®, an annual ranking of the strongest performing
companies on the TSX Venture Exchange, in 2015 and 2016. SNIPP IS
RANKED AMONGST THE TOP 500 FASTEST GROWING COMPANIES IN NORTH
AMERICA On Deloitte’s 2017 Technology Fast 500™ List, for the
second year in a row.
FOR FURTHER INFORMATION PLEASE CONTACT:
MKR Group, Inc.
Todd Kehrli / Mark Forney
snipp@mkr-group.com
Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that involve risks and uncertainties, which may cause
actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect
to future events and are subject to such risks and uncertainties.
Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties,
such as changes in demand for and prices for the products of the
company or the materials required to produce those products, labour
relations problems, currency and interest rate fluctuations,
increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or
expected. We do not intend and do not assume any obligation to
update these forward-looking statements, except as required by law.
The reader is cautioned not to put undue reliance on such
forward-looking statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Copyright Snipp Interactive Inc. All rights
reserved. All other trademarks and trade names are the property of
their respective owners.
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