GIVEX CORP - GIVXF STOCK NEWS

Givex Corp. announces its first quarter 2024 financial results, showing a 9% revenue increase to $21 million and a net profit of $500,000 for the first time since going public. The company continues to establish itself in the gift card and loyalty sectors while expanding its POS and Payment solutions.

iFood, a leader in online food delivery in Latin America, plans to triple its Givex-powered gift card sales in the coming years. Currently selling 900,000 cards monthly, the target is to grow by 15-20% in 2024. The slow adoption of gift cards in Brazil due to cultural reasons is changing as companies invest in them for various use cases. Pernod Ricard and TLC Latam have successfully used iFood gift cards in promotional campaigns, showcasing the value of this incentive. The iFood gift card offers practicality for purchasers and freedom for recipients, with a wide range of categories available on the platform. The partnership with Givex is set to drive significant growth for iFood in the incentives market.

Givex Corp. reports strong financial performance with annual revenues exceeding $80 million, 132,000 customer locations, and positive EBIT in Q4. Revenue, gross profit, EBIT, and transactional values showed significant growth in both quarterly and annual results.

Givex Corp. announces a partnership with a Fortune 500 energy company to implement its gift card program across North American gas stations, showcasing Givex's industry leadership. The company's focus on integrated solutions and scalability has attracted major clients, signaling growth potential for the future.

Givex Corp. (GIVXF) announced that KFC Canada completed a national kitchen technology upgrade across 402 stores to improve the guest experience. Givex partnered with Lenovo Canada and KFC Canada's internal application team to integrate the solution into the stores' existing IT infrastructure. This showcases Givex's evolution as a national enterprise level service provider and its acquisition strategy delivering synergies to expand services and products to a broader client base. With twelve global offices and over 128,000 active merchant locations, Givex offers gift cards, point-of-sale systems, loyalty programs, and more.

Givex Brasil (TSX: GIVX) (OTCQX: GIVXF) achieves remarkable milestone, surpassing 14 billion reais in transaction value in 2023. The company signed major clients, including leading jewelry brand Vivara, Fast Shop retail chain, Station by WeWork Brasil, a financial institution, and a global leader in the food industry. iFood Card achieved 1.5 billion reais in gift card sales through the GivexHub. Givex Brasil is gearing up for NRF 2024: Retail's Big Show in New York City.

Givex Corp. (GIVX) has filed a notice of intention with the Toronto Stock Exchange to make a normal course issuer bid (NCIB) to purchase for cancellation up to 6,390,694 common shares over a 12-month period, representing approximately 5% of the outstanding shares. The NCIB will commence on December 14, 2023, and terminate on December 13, 2024. Givex will enter into a share purchase plan with Canaccord Genuity Corp. to allow for the purchase of shares during certain pre-determined blackout periods. The company believes that the purchase of shares would be an appropriate use of corporate funds in light of potential benefits to remaining shareholders.

Givex Corp. (GIVX) announces integration with Uber Direct, allowing merchants to offer seamless first-party delivery. GivexPOS now enables merchants to book delivery through Uber platform directly. The integration aims to improve customer satisfaction and business growth.

Givex Corp. (GIVX) integrates Apple Pay and Google Pay into its online ordering platform, Givex eCommerce. The integration supports web desktop, native mobile apps, and Scan/Pay functionality, enhancing user experience and security. Givex plans to expand processor compatibility and is committed to improving the customer experience in a rapidly evolving digital landscape.