PERK LABS INC - PKLBF STOCK NEWS

Perk Labs Inc. (OTCQB: PKLBF) has signed a letter of intent with SoyTalk Dessert Inc. to develop a custom branded app that enhances restaurant customer engagement through ordering, payment, and loyalty features. This initiative addresses the high commission fees charged by third-party delivery services that have strained restaurant profit margins, especially during the pandemic. Perk aims to provide an economical solution for restaurants, allowing them to cultivate direct relationships with customers and regain control over their branding and communication.

Perk Labs Inc. (CSE:PERK, OTCQB:PKLBF) has announced a franchise agreement for Downtown Toronto, highlighting substantial interest from potential franchisees and restaurants. The company's Perk Hero platform provides mobile ordering, payment solutions, and a digital loyalty program aimed at addressing challenges in the hospitality sector, such as labor shortages and inflation. CEO Jonathan Hoyles emphasized the opportunity for franchise partners to operate a technology-focused business with reduced overhead and recurring revenue potential. This expansion is a strategic step to grow Perk Hero's footprint in a demand-rich market.

Perk Labs Inc. (OTCQB: PKLBF) reported significant interest during its exhibition at the Restaurant Canada Show, showcasing its Digital Dine-in solution aimed at improving restaurant efficiency post-pandemic. The company signed a letter of intent with a restaurant group operating 122 locations for a product trial. This development highlights demand for QR code ordering amid labor shortages and inflation challenges in the foodservice sector. Additionally, Perk launched its solution at the popular House of Dosas restaurant in Vancouver.

Perk Labs Inc. (OTCQB: PKLBF) announced the departure of Chief Financial Officer Norman Tan, effective May 6, 2022. Tan will assist in transitioning responsibilities to Vanessa Altamirano, the current Controller, who is appointed as interim CFO. Altamirano has been with Perk since 2017, gaining extensive experience in financial roles. CEO Jonathan Hoyles expressed confidence in Altamirano's capability to ensure a smooth transition, thanking Tan for his service. This management change reflects the company's succession planning and talent development strategy.

Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) reported its Q1 2022 financial results, showing a net loss of $406K, contrasting with a net income of $1.6M in Q1 2021. The company's working capital dropped to $1.9M from $3.5M year-over-year. R&D expenses increased by 20%, reflecting ongoing investment in technology. Operationally, Perk launched a new crypto rewards program and signed its first franchisee while receiving endorsements from industry associations. The company aims to expand its digital franchise program and improve its platform throughout 2022.

Perk Labs Inc. (OTCQB: PKLBF) has announced a corporate update highlighting its strong position in the digital franchise sector. The Company is experiencing significant demand for its franchise program and restaurant offerings. Recent franchise shows yielded over 60 leads, and interest is growing for custom-branded restaurant apps. Perk is also launching a new merchant app and features like 'Order Now, Pay Later' to enhance restaurant partnerships. Additionally, the second tranche of a private placement raised over $12,000. The Company is attending the Restaurant Canada Show to showcase its solutions.

Perk Labs Inc. (CSE:PERK, OTCQB:PKLBF) announced the results from its Annual General Meeting held on April 12, 2022. All proposed resolutions were approved by the majority of votes. Five directors were elected, including Kirk Herrington with 96.64% approval. The appointment of Saturna Group as auditors was also confirmed with 98.88% approval. Perk Labs, owner of the Perk Hero platform, focuses on enhancing business transitions to the digital economy.

Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) announces new agreements with prominent marketing firms to enhance investor communication and market presence. Engaging MarketOne Media, Stockhouse Publishing, Proactive Investors, and Conversionly, the company aims to amplify its digital dine-in software's visibility as it scales operations. These initiatives are supported by proceeds from a recent private placement, with MarketOne retained for 9 months, while Stockhouse and Proactive for 12 months each. This strategic push seeks to foster investor awareness and drive company growth.

Perk Labs Inc. has successfully completed the first tranche of a non-brokered private placement, securing $309,736 through the sale of 7,374,645 Units. Each Unit consists of one common share and one warrant, with the warrant priced at $0.05 over 24 months. Participation included the Company’s directors and officers, who subscribed for 476,190 Units. Proceeds are aimed at marketing campaigns and general working capital. Further closings are anticipated before April 8, 2022.