Ineo Tech - INEOF STOCK NEWS

INEO Tech Corp. (OTCQB: INEOF) will announce its Fiscal 2023 Second Quarter financial results on February 28, 2023, before market open. The company operates the INEO Media Network, a digital advertising solution leveraging AI and IoT technologies for retailers. Following the results announcement, a webinar will take place at 10:00 am PT featuring key executives, including the CEO, to discuss performance and future outlook. Investors can register for the webinar via a provided link. For more details on INEO's operations and technology, visit their official website.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) has launched the INEO Welcoming Greeter, a new stand-alone pedestal-based advertising display aimed at enhancing retail advertising capabilities. This innovation is part of INEO's comprehensive suite of Retail Media Network products. The Welcoming Greeter integrates with existing INEO systems to maximize digital advertising across retail locations, promising to generate additional revenue for retailers. The product is designed with customizability and features such as AI communication and hand gesture recognition to improve customer interactions, contributing to increased in-store engagement.

Winning Brands Corporation (OTC PINK:WNBD) announced a strategic alliance with INEO Solutions Inc. (OTCQB:INEOF) on January 18, 2023. This partnership aims to enhance retail experiences through their combined technologies, which include INEO's digital advertising and GestureTek's touchless display engagement. The collaboration is designed to increase consumer interaction, leading to more time spent in stores and improved brand recall. INEO's patented systems enhance retail security and advertising, making the partnership beneficial for both companies and their retail clients. The alliance is expected to drive revenue growth through coordinated sales initiatives.

INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) announced its participation at the NRF 2023 Retail's Big Show in New York City, debuting the RFID-enabled INEO Welcoming System. This innovative system detects RFID-tagged products, enhancing loss prevention by identifying stolen items in real-time. CEO Kyle Hall and Chairman Greg Watkin will showcase this technology at the Prosegur Security booth. The event occurs from January 15-17, 2023, featuring a vast expo and educational programming for retailers.

INEO Tech Corp. has appointed Eugene Syho as an independent director and member of the Audit Committee, effective December 29, 2022. With over 25 years of experience in finance, Mr. Syho has held CFO positions in various sectors, including technology and retail. His appointment is expected to enhance INEO's growth as it expands globally in the retail media space. The company also announced the resignation of Serge Gattesco from the board. Additionally, INEO clarified details regarding its public offering of 12,025,000 units at $0.12 each, raising a total of $1,443,000.

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) announces an investor webinar on December 7, 2022, at 10:00 am PT. Management will discuss the fiscal 2023 Q1 results, including a remarkable 74% year-over-year revenue increase for the quarter ending September 30, 2022. The company has not felt any recessionary impacts and is actively deploying systems with large retailers. The overall outlook for INEO remains positive as they ramp up installation locations and customer deployments despite the challenging macroeconomic environment.

INEO Tech Corp. (OTCQB: INEOF) reported a robust performance in Q1 2023, showcasing a 74% increase in year-over-year revenue, totaling $416,086, and a 90% increase in gross profit, reaching $207,646. The company’s sales pipeline has expanded, representing over $40 million in annual recurring revenue. INEO successfully completed a Public Offering and Private Placement, generating C$2.74 million to support its growth and technology deployment. Despite macroeconomic challenges, INEO continues to thrive with significant sales activity and partnerships.

INEO Tech Corp. (OTCQB: INEOF) reported a 67% increase in year-over-year revenue and a 74% increase in gross profit for fiscal 2022, totaling $1.25M in revenue. The company achieved a remarkable 93% revenue growth in Q4 compared to Q4 2021. INEO has expanded its sales pipeline to over $40M in annual recurring revenue across 1,500 direct locations and 8,000 through its partnership with Prosegur, signaling substantial growth potential. INEO expects record revenue in fiscal 2023, supported by the expansion of its INEO Media Network.

INEO Tech Corp. has filed a Patent Cooperation Treaty (PCT) application to globally secure its proprietary technology. The core patent integrating digital media display with Electronic Article Surveillance (EAS) loss prevention technology has been granted in the U.S., Canada, and Europe. Recently, INEO also filed for a design patent for its INEO Welcoming GATE system, extending its protection to the U.S. and Europe. INEO's strategy aims to maintain an industry-leading position and monetize its innovative patents, with partnership support from Prosegur for patent defense against competitors.