Logiq’s Advanced Consumer Scoring Technology Driving New Customer Program Offering Ramp-Up

Rhea-AI Summary

Logiq, Inc. (OTCQX: LGIQ) announced that its Logiq Consumer Marketplace (LCM) advanced scoring system is enhancing its customer acquisition strategies. The technology aids in effective media buying, allowing for tailored consumer experiences. With an established presence in the Medicare insurance sector, Logiq is poised to expand its market offerings during the upcoming enrollment period. The company utilizes first-party data to refine consumer profiles, benefiting major brands and agencies across diverse industries.

Positive

• Advanced scoring technology enhances media buying efficiency.
• Positioned to expand offerings in the Medicare insurance market.
• Strong client base, including multi-billion-dollar companies.

Negative

• None.

NEW YORK, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, reported its Logiq Consumer Marketplace (LCM) advanced scoring system for customer acquisitions is driving its new customer program offering ramp-up.

“Our advanced scoring technology provides a highly effective way to indicate which media buying programs work and help to win new customers,” stated LCM president, Haig Newton. “We believe it allows us to manage media buys more effectively than our competitors.”

LCM serves a number of high-value customers and brands across a diverse range of industries, from dozens of smaller players to a multi-billion-dollar publicly traded company.

“We offer major brands, agencies and traffic partners a deep understanding of the type of customer they are looking to identify and win and why it works,” continued Newton. “This allows us to effectively craft a custom consumer experience that produces highly targeted results. We can scale this solution across any market that uses the web for finding new customers.”

Logiq has been using its advanced scoring technology as a consumer acquisition company for years. It is one of the nation’s leading providers of prospects for life, auto, home and Medicare insurance, creating intent to purchase. The first-party data gleaned from this client’s campaigns has continually enhanced LCM’s consumer profiles. LCM can offer this, for example, to its more than two million consumer profiles in the Medicare insurance market who are up for enrollment later this year.

“We plan to expand our Medicare market again during this year’s enrollment period,” said Charles Phillips, SVP of Growth for LCM. “Using our scoring, intelligence and data, we know where to market quickly and what our buyers want for quality. This gives us a leg up against our competition.

“We solve a lot of pains in advertising with this combination. These new buyer wins are just the beginning of a more aggressive customer acquisition strategy.”

About Logiq

Logiq Inc. is a U.S.-based leading global provider of e-commerce and fintech business enablement solutions. Its DataLogiq (LCM+LDM) business provides a data-driven, end-to-end marketing and consumer acquisition solution. Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend and personalization. The company’s Fixel technology offers simplified online marketing with critical privacy features.

In its AppLogiq business, Logiq’s platform-as-a-service, branded as CreateApp™, enables small- and medium-sized businesses worldwide to easily create and deploy a native mobile app for their business without technical knowledge or background. CreateApp™ empowers businesses to reach more customers, increase sales, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way.

CreateApp™ is offered in 14 languages across 10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia. The company’s PayLogiq, branded as AtozPay™ in Indonesia, offers mobile payments, and GoLogiq, branded as AtozGo™ in Indonesia, offers hyper-local food delivery services. Connect with Logiq: Website | LinkedIn | Twitter | Facebook.

Important Cautions Regarding Forward-Looking Statements

This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This press release also contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation that relate to Logiq’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this press release should not be unduly relied upon.

These statements speak only as of the date of this press release. Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. In particular and without limitation, this press release contains forward‐looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenue and the revenue generation potential of our products and services, our partnerships and strategic alliances, the impact of global pandemics (including COVID-19) on the demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, our ability to successfully locate and consummate the contemplated strategic transactions, if any, and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC) including its Annual Report on Form 10-K and any subsequent public filings, and filings made pursuant to Canadian securities legislation that are available on www.sedar.com, including under the heading "Risk Factors" in the Company's Canadian Prospectus.

Logiq undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Company Contact

Brent Suen, President
Logiq, Inc.
Email contact

Media & Investor Contact

Ronald Both or Justin Lumley
CMA Investor & Media Relations
Tel (949) 432-7566
Email contact

FAQ

What is Logiq, Inc. doing to improve customer acquisition?

Logiq, Inc. is utilizing its advanced scoring technology to enhance customer acquisition strategies, particularly through its Logiq Consumer Marketplace.

How is Logiq, Inc. positioned in the Medicare insurance market?

Logiq, Inc. plans to expand its presence in the Medicare insurance market during the upcoming enrollment period, leveraging its scoring intelligence and consumer profiles.

What industries does Logiq, Inc. serve?

Logiq, Inc. serves a diverse range of industries, including partnerships with major brands and agencies, as well as clients in the Medicare insurance sector.

What advantages does Logiq, Inc.'s scoring technology provide?

The scoring technology allows Logiq, Inc. to manage media buys effectively and craft targeted consumer experiences that drive new customer acquisition.

What benefits does Logiq, Inc. offer to its clients?

Logiq, Inc. offers deep insights into customer identification and targeting, enhancing the effectiveness of advertising and consumer acquisition efforts.