Snipp Schedules Fourth Quarter & Fiscal 2017 Year End Financial Results and Earnings Conference Call, Announces Closing of Fo...
March 29 2018 - 9:07AM
TORONTO, March 29, 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, announces that it will release its
financial results for Fourth Quarter and Fiscal Year 2017 prior to
the market open on Tuesday April 3, 2018. Snipp management will
host a conference call and live webcast for analysts and investors
on Tuesday, April 3, 2018 at 10:00 a.m. Eastern Time to discuss the
Company’s financial results. The conference call dial-in details
will be posted to the Snipp website later this week under the
‘Investors’ section of www.snipp.com.
The Company also announces the closing of the
fourth tranche (the “Fourth Tranche”) of the non-brokered private
placement (the “Financing”) previously announced on March 2, 2018.
The Fourth Tranche was comprised of 6 million shares at a price of
CAD$0.10 per share for gross proceeds of CAD$600,000. The
four-month hold period for all shares issued under the Fourth
Tranche will expire on July 29, 2018 in accordance with Canadian
securities laws. Finder's fees were paid to an agent in connection
with the Fourth Tranche and consisted of commission of CAD$36,000
and 360,000 warrants (“Finder’s Warrants”). Each Finder’s
Warrant entitles the holder to purchase one common share at an
exercise price of CAD$0.10 for a period of 2 years from the date of
distribution.
“We are pleased with our Q4 and full year 2017
performance and look forward to sharing our results next week. This
is an exciting time for our company as we expand into new markets
ranging from Hospitality to Cannabis as well as continue to get
more deeply entrenched with our traditional consumer product and
retail clients. In addition, we have layered in more solutions for
our clients and added to our revenue streams over the last year. We
look forward to addressing all of these topics on our conference
call next week”, commented Atul Sabharwal, CEO of Snipp.
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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