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VANCOUVER, BC / ACCESSWIRE / September 21, 2021 / Snipp Interactive Inc. (“Snipp”, the “Company”) (TSXV: SPN) (OTC PINK: SNIPF), a global provider of digital marketing promotions, discounts and loyalty solutions, is pleased to announce that it has entered into another agreement with a top 5 global research and consultancy firm and an existing client of the Company (“Client”) to implement the Company’s exclusive SnippREWARDS platform initially in 7 countries for another key customer of this Customer – an American multinational beverage company (“New Customer”) which is well known for its carbonated soft drinks and a name known the world over. The contract value related to these 7 countries (Latin America, Asia and the Middle East) is expected to be between $ 1 and $ 2 million annually based on planned buybacks. The parties are working on a plan to launch 33 additional countries in the coming quarters for full deployment in 40 countries for the new customer.
The Company had previously launched its SnippREWARDS platform for another client of the same Client – a leading US multi-channel cigarette and tobacco company (“Client”) for which Snipp is currently active in 34 countries. This customer had initially implemented the SnippREWARDS platform in a smaller set of countries before rolling it out globally and we are planning a similar rollout with the new customer. Refer to the press releases issued on these deployments for the Customer:
- March 4, 2021, entitled “Snipp receives an order from one of the world’s 5 largest research firms for the deployment of SnippRewards in 15 countries
- January 5, 2021, titled “Snipp provides update on previously announced pilot program with one of the world’s top 5 research companies”
SnippREWARDS is one component of the Company’s SnippCARE platform, a modular customer acquisition and retention platform. The SnippREWARDS platform enables customers to implement multiple omnichannel, goal-driven, ROI-driven programs to engage and engage customers. The SnippREWARDS platform not only offers over 3,500 rewards in its catalog, but is also available in over 45 countries / currencies. SnippREWARDS is currently active in 37 unique countries.
“Our clients are increasingly confident in our ability to execute not only on a global scale, but also to solve a diverse set of marketing goals without the need to invest in multiple platforms in different siled organizational units. This contract is a testament to the increased market recognition and confidence that our Fortune 500 clients, our new net clients in different industries and our new prospects in different geographies demonstrate in us, ”said Atul Sabharwal, Founder and CEO “As we close the third quarter, we are excited about the profitable growth we are experiencing and look forward to sharing our successes in the weeks to come.”
Snipp is a global loyalty and promotions company with a single goal: to develop disruptive engagement platforms that generate information and drive sales. Our solutions include buyer marketing promotions, loyalty, rewards, discounts 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 in receipt-based purchase validation; SnippLoyalty is the industry’s only unified loyalty solution for CPG brands. Snipp has powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners.
Snipp is headquartered in Vancouver, Canada, with a presence in the United States, Canada, Ireland, Europe and India. The company is listed on the Toronto Venture Exchange (TSX-V) in Canada and is also listed on the OTC Pink market under the symbol SNIPF.
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Snipp Interactive Inc.
Caution 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”, “intention”, “plan”, “anticipate”, “believe”, “estimate”, “ expect ”and similar phrases 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. There are many factors that could cause our actual results to differ materially from statements made, including factors discussed in documents we have filed with Canadian securities regulators. If one or more of these risks and uncertainties, such as changes in demand and prices for the company’s products or the materials needed to manufacture such products, labor relations issues, currency fluctuations and interest rates, increased competition and factors, occur or if the assumptions underlying forward-looking statements prove to be incorrect, actual results may differ materially from those described herein as expected, planned, anticipated or expected. We do not intend and assume no obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to place undue reliance on these 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.
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THE SOURCE: Snipp Interactive Inc.
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