SNIPP INTERACTIVE INC - SNIPF STOCK NEWS

Snipp Interactive has appointed Sina Miri to its Board of Directors, nominated by Bally's Corporation, which holds a 10% stake in Snipp. Miri, currently the Senior VP of Digital Transformation at Bally's Interactive, brings over 25 years of experience in technology and product development. The appointment is expected to enhance Snipp's strategic planning and product development capabilities. CEO Atul Sabharwal expressed confidence in Miri's insights to drive growth. Snipp is known for its SnippCARE Platform, a leader in the loyalty and promotions sector, serving Fortune 500 clients with innovative solutions that generate valuable data for sales driving.

Headquartered in Vancouver, Snipp is publicly traded on the TSXV and quoted on the OTC Pink under the symbol SNIPF.

Snipp Interactive Inc. (TSX-V:SPN, OTC PINK:SNIPF) is set to present on April 27, 2023, at 9:00 AM ET during the Ladenburg Thalmann Technology Expo in New York City. The event will take place at Convene, 101 Park Avenue and includes presentations from about 50 technology companies. Snipp management will also engage with investors throughout the day. The company specializes in digital marketing promotions and loyalty solutions through its modular SnippCARE platform, which effectively captures customer data and facilitates varied promotional strategies. Notably, SnippCHECK leads the receipt-based promotion sector in North America. The company, headquartered in Vancouver, operates globally, including in the US and Europe.

Snipp Interactive (TSX-V:SPN)(OTC PINK:SNIPF) has applied for a temporary management cease trade order (MCTO) from the British Columbia Securities Commission. This order, if granted, will prevent the CEO and CFO from trading the company's securities until the required filings are completed. Snipp expects to miss the filing deadline of May 1, 2023, for its audited financial statements due to audit complexities related to a new business acquisition and changes in its auditor. The company aims to resolve this by July 3, 2023, while continuing to adhere to alternative information guidelines. Despite these challenges, the public can still trade the company's shares during the MCTO period.

Gambit Rewards, a division of Snipp Interactive (SNIPF), launched a new feature allowing players to convert Scuti$ to Gambit tokens for risk-free sports betting. This integration, announced on February 13, 2023, enables Scuti account holders to use their rewards for betting without financial risk. Players earn Scuti$ on marketplace purchases, fostering a user-friendly experience. Scuti expects to reach 100 million monthly active users by the end of 2023. Gambit’s platform enhances loyalty programs in online gaming, allowing users to earn real cash rewards.

Snipp Interactive Inc. (TSX-V:SPN, OTC PINK:SNIPF) has secured a contract worth over US $1,100,000 with a global food and petcare company, marking its third contract with this Fortune 100 client. The contract involves Snipp's SnippCheck receipt processing technology for a rebate program aimed at enhancing customer loyalty. The client, which has annual sales exceeding $37 billion, chose Snipp due to its effective prior executions and advanced technology offerings. This development highlights Snipp's ability to adapt to complex market challenges and reinforces its competitiveness within the loyalty and promotions sector.

Gambit Rewards, a leader in loyalty gaming, has partnered with Bare Knuckle Fighting Club (BKFC) to enhance user engagement through a unique free-to-play sports betting platform. This collaboration introduces Gambit Tokens for BKFC fans, allowing them to participate in betting games linked to BKFC events. BKFC, the first regulated bare knuckle fighting league, hosts over 40 events annually and has 25 million followers worldwide. Gambit's innovative approach allows users to convert loyalty points into digital tokens for risk-free gaming, aiming to unlock significant value in unused loyalty points. This partnership expands Gambit's offerings and targets BKFC's dedicated fanbase.