SNIPP INTERACTIVE INC - SNIPF STOCK NEWS

Scienjoy Holding Corporation (NASDAQ:SJ) announced a strategic alliance with Snipp Interactive Inc. (TSX-V:SPN; OTC:SNIPF) on April 6, 2021. This partnership aims to integrate Snipp's C.A.R.E platform into Scienjoy's mobile applications. Key initiatives include developing a new rewards system that combines Scienjoy's in-app currency with Snipp's loyalty engine, enabling users to earn and redeem points for digital rewards. Additionally, broadcasters will be able to mint NFTs, fostering fan engagement and new monetization opportunities.

Snipp Interactive has partnered with Shiseido Canada to implement its Customer Acquisition, Retention, and Engagement platform. This partnership aims to enhance marketing effectiveness across Shiseido's portfolio, including brands like Dolce & Gabbana and Narciso Rodriguez. The platform will initially launch in Canada, providing Shiseido with advanced analytics and a unified view of marketing data. This collaboration highlights Snipp's role in helping brands achieve marketing objectives through its innovative technology.

Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) announced preliminary unaudited Q4 2020 financial results indicating significant improvements. Q4 2020 EBITDA is expected to exceed $100,000, marking an increase of over 100% from the previous year, while revenue is projected to grow by over 50% to above $2 million. Gross margin is forecasted to rise above 70%, compared to 60% in Q4 2019. The company emphasizes its cost reduction efforts and a strong end to 2020 despite a revenue loss of over $1.5 million attributed to the pandemic, indicating a positive outlook for 2021.

Snipp Interactive has announced a significant expansion of its SnippRewards platform with a new order from a top 5 global market research firm. Following a successful pilot program, Snipp will deploy its platform across 15 countries spanning 4 continents, with an anticipated annual contract value of USD 2 million to 3 million. The rollout includes 11 countries in Q1 2021 and 4 more by April 2021. Snipp's rewards platform now features over 1,325 brand rewards and conversations for future deployments with additional clients are underway.

Snipp Interactive achieved record sales bookings of US$4.88 million in Q4 2020, marking a 145% year-over-year increase. Annual bookings grew by 23.8%, driven by a diverse array of clients across multiple industries and new geographic markets, including the US, Canada, Europe, and Asia. The company introduced innovative features like cryptocurrency incentives and expanded its global reach with the SnippRewards platform. CEO Atul Sabharwal highlighted the resilience and strategic execution during the COVID-19 pandemic, setting a strong foundation for continued growth in 2021.

Snipp Interactive Inc. (OTC PINK:SNIPF) announces the launch of innovative rewards on its SnippRewards platform, introducing Bitcoin gift cards and stock ownership gifts. The Bitcoin gift cards allow customers to receive cryptocurrency easily, while stock ownership gifts enable clients to reward customers with fractional shares starting at $5. These offerings aim to capitalize on the growing interest in digital currencies and retail stock ownership, enhancing Snipp's appeal to a broader client base. The company continues to integrate with fintech partners, providing a diverse range of incentives.

Snipp Interactive has secured a three-year Master Services Agreement extension worth US $1,980,000 with a leading Fortune 500 client, enhancing its SnippCheck receipt processing solution. This extension, reflecting a 53% increase in contract value, allows for deeper data analytics and consumer insights, expanding beyond loyalty program uses. This relationship signifies Snipp's ongoing growth potential, having partnered with over 90 global clients by the end of 2020.

Snipp Interactive has successfully conducted its annual general meeting on December 3, 2020, where all proposed matters were approved by shareholders. Key outcomes include the re-election of directors and the appointment of Davidson & Company LLP as the auditor for the year. Additionally, Snipp announced the hiring of Mario Invernizzi as VP of Sales - EMEA to enhance growth in Europe, the Middle East, and Africa. The company also granted 1,500,000 stock options to board members and officers, exercisable at C$0.05.

Snipp Interactive Inc. (TSX-V:SPN)(OTC PINK:SNIPF) has successfully completed its first marketing campaign in Asia across Indonesia, Malaysia, Singapore, and the Philippines for a repeated Fortune 500 food manufacturer client. This initiative marks a significant milestone, as it is the first international deployment of Snipp's platform for this client. The average contract value with this client increased from over $600,000 to over $750,000 in 2020. Discussions are underway for a global deployment from 2021-2025, indicating potential revenue growth.