PERK LABS INC - PKLBF STOCK NEWS

Perk Labs Inc. (OTCQB:PKLBF) announced its participation in the Planet MicroCap Showcase: VIRTUAL on April 21, 2021, at 2:00 PM ET. CEO Jonathan Hoyles will present the company's achievements and future plans. Perk Labs focuses on enhancing its mobile commerce platform, Perk Hero, which offers exclusive perks on digital gift cards and curated products. Investors can access the live presentation via a provided link, and 1-on-1 meetings are available through the virtual conference setup.

Perk Labs reported significant growth in its 2020 financial results, with Q4 revenue soaring by 508% to $45,990 and annual revenue increasing by 99% to $63,896. The company reduced general and administrative expenses by 54% and achieved a net loss of $4.5M, down from $8.1M in 2019. The company launched the Perk Hero platform and entered the US market, enhancing its growth potential. Strategic objectives for 2021 include marketing investments and product development to expand its customer base.

Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) has announced a strategic partnership with InComm Payments to distribute digital gift cards in the U.S. The Perk Hero app will feature various gift card categories, including online shopping, gaming, and major restaurants. Following a successful Canadian market introduction, Perk Labs aims to become a key player in the U.S. digital gift card sector. The global gift card market, valued at $619.25 billion in 2019, is projected to reach $1,922.87 billion by 2027, suggesting significant growth potential for Perk Labs.

Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) has launched a new web app for its Perk Hero platform, enhancing its e-commerce capabilities. This modern app allows users to shop and earn rewards effortlessly on both desktop and mobile. The integration with Plaid and Rotessa aims to verify bank accounts and reduce processing fees. Additionally, the company has raised $385k through its At-The-Market Program, bolstering its financial position to support growth. Perk Hero now features offerings from over 90 merchants, including Walmart and Wayfair.

Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) announced that Euro Asia Pay Holdings Inc. successfully completed its initial public offering (IPO) at $0.25 per share. Perk Labs holds 8.5 million shares in Euro Asia Pay, received through a licensing agreement. CEO Jonathan Hoyles expressed satisfaction with Euro Asia Pay's IPO, which enhances Perk's balance sheet. Euro Asia Pay offers innovative payment solutions aimed at the international student market, including a mobile payment app and prepaid card featuring parental controls.

Perk Labs Inc. (OTCQB:PKLBF) has reported significant growth in transaction volume through its Perk Hero app, notably an increase in gift card purchases in November. This aligns with the growing trend of online shopping due to COVID-19 restrictions. The company raised $333,000 from its At-The-Market Program, with $170,675 raised in November alone, enhancing its balance sheet. Upcoming plans include U.S. expansion and new features such as a virtual shopping assistant. The company is leveraging the holiday season to promote exclusive sales and enhance customer acquisition.

Perk Labs Inc. (OTCQB: PKLBF) reports a significant increase in dollar volume of purchases through its app in November 2020, driven by a surge in gift card transactions. The company has also seen growth in new merchant sign-ups as consumer preferences shift towards online shopping amid the pandemic. To capitalize on this trend, Perk plans exclusive sales and cash back promotions, particularly for digital gift cards during the holiday season. Additionally, Perk has raised $333,000 through its At-The-Market Program, enhancing its financial position for expansion efforts in the US and upcoming tech initiatives.

Perk Labs Inc. (OTCQB: PKLBF) discusses its strategic shift in a recent Letter to Shareholders. The pandemic has accelerated the transition to online shopping, leading Perk to pursue growth in three key areas: Mobile Commerce, Merchant Solutions, and Digital Gift Cards. The company aims to expand beyond regional limitations, targeting the U.S. market. Financial strategies include leveraging revenues and marketable securities for growth. Positive shareholder feedback has been noted, especially after the release of founder shares, which could stabilize stock prices.

Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF) has announced amendments to its stock option and restricted share unit plans. The number of common shares reserved for issuance under these plans has increased from 10% to 15% of the Company's outstanding shares. Additionally, the minimum exercise price for options has been reduced from CAD $0.10 to $0.05. These changes require disinterested shareholder approval, which will be sought at the upcoming annual meeting. Management has also opted for partial compensation in RSUs to support business development initiatives.