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INEO Tech Corp, traded as INEOF, operates the INEO Media Network and INEO Retail Media, offering digital advertising and analytics solutions and in-store advertising sales. The company recently secured major advertising contracts, expanded partnerships, and integrated cutting-edge RFID technology for loss prevention. INEO focuses on innovative advertising solutions, strategic partnerships, and state-of-the-art technology to drive value for clients and revolutionize the retail media landscape.
INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) announced the results of its March 8, 2022, general and special meeting where all nominees for the board were elected. A total of 30,319,353 common shares were voted, representing 50.37% of the outstanding shares. Director votes included 99.9% approval for Greg Watkin, Kyle Hall, Steve Matyas, Dave Jaworski, and Serge Gattesco. The company operates the INEO Media Network, offering a digital advertising solution integrated with retail theft detection. For more details, visit the company's website.
INEO Tech Corp. reported a strong fiscal Q2-2022, with revenue increasing by 37% to $256,987 and gross profit rising 19% to $94,296 compared to Q2-2021. Despite the rise in revenue, the company reported a net loss of $767,772, up from $525,252 in the previous year. The finalized agreement with Prosegur is set to boost sales and expand INEO's market presence, particularly in North America, Europe, and South America, emphasizing robust growth potential and strategic partnerships.
INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) will release its 2022 Fiscal Second Quarter financial results on February 28, 2022. The results, covering the period ending December 31, 2021, will precede a webinar at 1:00 PM EST to discuss the outcomes and provide a business outlook. This session will feature key executives, including Kyle Hall, CEO, and Greg Watkin, Chairman. INEO specializes in digital advertising solutions, utilizing IoT and AI technology for retailers, enhancing customer engagement.
INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) announced a partnership with Vistar Media on Feb. 10, 2022, to enhance its digital advertising capabilities. This collaboration will connect INEO's Media Network to Vistar's programmatic advertising platform, allowing brands to access a targeted inventory of retail advertising locations. The integration aims to drive innovation in the retail media sector, particularly in the U.S. market, as stated by CEO Kyle Hall and Vistar's Director of SaaS & Supply Sales, Arnie Rivera.
INEO Tech Corp. (OTCQB: INEOF) announced the addition of multiple new sales representatives to enhance its media sales team, aiming to boost advertising revenue on its INEO Media Network. This expansion aligns with the company's growth strategy, particularly as larger retailer partnerships mature in 2022. The Company utilizes a multichannel approach for advertising sales, engaging with direct sales, media agencies, and programmatic partnerships. INEO continues to leverage its patented technology to deliver targeted digital advertising integrated with theft detection systems in retail environments.
INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) has joined the Canadian Out-of-Home Marketing and Measurement Bureau (COMMB), validating its viewer impression metrics. This membership offers INEO credibility in the OOH advertising market, enhancing its INEO Media Network, which utilizes AI and machine learning for audience measurement. CEO Kyle Hall highlighted the importance of this milestone in gathering crucial advertising insights. COMMB's president recognized INEO's methodology as a significant advancement in providing brands with actionable marketing data.
INEO Tech Corp. (OTCQB: INEOF) has successfully acquired Securitytags.com, a US online reseller of EAS security products. This strategic acquisition includes the Securitytags.com domain, website, inventory, and customer list, enhancing INEO's eCommerce capabilities. Additionally, INEO has opened a staging warehouse in Vancouver, Washington, enabling 48-hour shipping across the continental US. The acquisition positions INEO to capitalize on existing customer relationships and expand its market presence with the introduction of proprietary products.
INEO Tech Corp. (OTCQB: INEOF) reported a 61% increase in revenue and a 93% boost in gross profit for the first quarter ended September 30, 2021, generating $238,671 in revenue and $109,119 in gross profit. Despite these gains, the company recorded a net loss of $731,466. A significant partnership with Prosegur aims to expand the INEO Media Network, leveraging patented technology for enhanced advertising analytics in retail environments. The firm also announced it is trading on the OTCQB to increase visibility among U.S. investors.
INEO Tech Corp. has launched the INEO Welcoming G.A.T.E., a next-generation Electronic Article Surveillance (EAS) product designed for retail theft protection. It complements the existing INEO Welcoming System, enhancing loss prevention capabilities and providing video capture and traffic analytics. Currently installed in selected retail locations in Canada and the US, it can be mounted on the floor or wall. The system operates in both 58KHz and 8.2MHz frequency spectrums, catering to retailers' needs for customizable solutions.
INEO Tech Corp. (TSXV: INEO, OTCQB: INEOF) announced it will release its 2022 Fiscal First Quarter financial results on November 29, 2021, before market open. The Company provides location-based digital advertising and loss prevention solutions for retailers. Following the results announcement, an investor webinar will take place at 12:00 PM EST featuring CEO Kyle Hall, Chairman Greg Watkin, and Head of Investor Relations Pardeep S. Sangha, who will discuss the financial results and business outlook.
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