GIVEX CORP - GIVXF STOCK NEWS

Givex Corp. (OTCQX: GIVXF) announced its automation of David Jones voucher fulfillment for the Qantas Airlines Frequent Flyer program on April 24, 2023. This improvement reduces the fulfillment time from 48 hours to mere minutes, enhancing customer experience and decreasing labor costs. Givex, a key processor for Qantas’ voucher system, expressed confidence in replicating this automation for other participating retailers. The seamless implementation has garnered positive feedback from David Jones, with plans to expand automated eGift Card delivery to other partners. Givex boasts over 122,000 active locations globally, providing a range of customer engagement solutions.

Givex Corp. (TSX: GIVX, OTCQX: GIVXF) announced the results of its annual and special meeting of shareholders, held on April 21, 2023. All nominees for the board of directors were elected with significant majority votes, including Don Gray (99.55%), Jim Woodside (77.60%), and others. KPMG LLP was appointed as the corporation’s auditor by a similar majority (99.39%). Notably, three non-binding advisory resolutions were not approved, concerning executive compensation, an ethics committee, and a strategic review committee, with votes against ranging from 74.76% to 75.44%.

The meeting reflects strong shareholder support for management’s nominees and auditor selection, but lack of approval for advisory resolutions may signal shareholder concerns regarding corporate governance.

Givex Corp. (TSX: GIVX; OTCQX: GIVXF) has announced a data sharing agreement with Marketing Vitals to enhance customer experience through advanced analytics. This partnership allows clients to leverage Marketing Vitals’ machine learning capabilities, facilitating better strategic decisions based on transactional data. With a presence in over 100 countries, Givex supports more than 122,000 active locations globally. The two companies will showcase their solutions at the Restaurant Canada show in Toronto from April 10-12, 2023. The initiative aims to empower restaurant brands with the insights needed for effective operations in a competitive market.

Givex Corp (TSX: GIVX; OTCQX: GIVXF) has announced the completion of its integration with Chatter by Stingray, enhancing its customer feedback capabilities for the restaurant and retail sectors. This collaboration enables Givex merchants to print QR codes on receipts for real-time customer feedback, offering actionable insights to improve customer satisfaction and operational efficiency. The integration also allows for employee feedback collection, which is vital in today's competitive labor market. Givex operates over 118,000 active merchant locations globally, providing a comprehensive platform for customer engagement and point-of-sale solutions.

Givex Corp. (TSX: GIVX; OTCQX: GIVXF) reported a 32% revenue increase for fiscal 2022, reaching $72.9 million, alongside a 22% rise in customer locations to 122,000. The company reduced its Q4 net loss before tax and finance costs significantly to $226,000 from $4.6 million in 2021. POS Gross Transactional Value surged 74% to $1.38 billion. Givex made three strategic acquisitions, contributing to 12% organic revenue growth. Adjusted EBITDA for Q4 was $3.0 million, up 25% year-over-year.

Givex Corp. (TSX: GIVX, OTCQX: GIVXF) shares insights for restaurant operators to enhance revenue during high-traffic game days. COO Mo Chaar emphasizes the necessity of investing in a unified platform that includes integrated POS systems and online ordering. This helps streamline operations and improves customer experience. By analyzing historical POS data, restaurant owners can optimize menu offerings and staffing. To attract customers, promoting mobile-friendly ordering platforms and exclusive deals is crucial. Givex provides comprehensive solutions, including gift cards and loyalty programs, aiding merchants globally.