SNIPP INTERACTIVE INC - SNIPF STOCK NEWS

Snipp Interactive Inc. (TSX-V:SPN; OTC PINK:SNIPF) has launched its first promotion for Gambit Rewards Inc., a significant player in North America's gaming sector. The promotion, exclusive to New York residents, offers 1,000 free Gambit Tokens and up to $1,500 in cash bonuses. Snipp's SnippCARE platform powers the pilot, aimed at refining future operations across permitted states. With the pending acquisition of Gambit, Snipp plans to deepen integration with their platform, leveraging loyalty points for engaging online gaming experiences.

Snipp Interactive (TSXV:SPN, OTC PINK:SNIPF) reported preliminary unaudited Q4 2021 financial results, showcasing significant growth. EBITDA surged over 300% year-over-year to exceed $700,000, while revenue doubled to over $4,000,000. The gross margin remained robust above 60%. Furthermore, the bookings backlog reached a record of over $10,000,000. The company continues to expand, securing contracts with Fortune 50 companies and completing SOC Type 1 certification.

Snipp Interactive (OTC PINK:SNIPF) announced a binding acquisition of Gambit Digital Promotions for US$5 million, with US$0.3 million in cash and US$4.7 million in stock. This strategic acquisition connects Snipp to the US$60 billion online gaming market, leveraging Gambit's platform that converts unused loyalty points into gaming tokens. This move is expected to unlock US$100 billion in loyalty points, enhancing customer engagement in iGaming. The acquisition is subject to regulatory approvals, with closing expected soon. Key leaders from both companies will discuss the acquisition at the ICR Conference today.

Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) will present at the ICR Virtual Conference on January 11, 2022, at 4:30 PM ET. CEO Atul Sabharwal will share insights about the company's future plans to potential investors. The ICR Conference connects management teams with institutional investors and features over 300 companies, attracting more than 2,500 attendees. A live and archived webcast of the presentation will be available on Snipp's Investor Information page.

Snipp Interactive Inc. (TSXV:SPN)(OTCPK:SNIPF) successfully held its annual general and special meeting on December 30, 2021. All resolutions proposed were approved by shareholders, including the re-election of board members Thomas J. Burgess, Brian J. Tunick, Sarfaraz Haji, and Atul Sabharwal. The meeting also led to the appointment of Davidson & Company LLP as the company's auditor and gained approval for an amended stock option plan. CEO Atul Sabharwal expressed gratitude for shareholder support, highlighting a strong foundation for growth heading into 2022.

Snipp Interactive Inc. announced it has achieved USD $20MM in sales bookings for 2021, marking an 85% growth over 2020. This milestone was reached with just weeks remaining in the year, driven by contracts from a diverse range of clients, including a Fortune 50 company and a Top 5 Market Research Company. The company remains optimistic about continuing momentum and aims to provide investors with detailed results soon. With a debt-free balance sheet, Snipp is well-positioned for further expansion in the upcoming year.

Snipp Interactive Inc. (TSX-V:SPN; OTC PINK:SNIPF) has secured a significant second order from a major American technology client. This contract, which is notably larger in monetary value, involves programs across 15 countries throughout the European Union and Latin America, facilitated by Snipp's recent vendor approval. The second order will leverage various components of Snipp's SnippCARE platform, enhancing customer engagement strategies. The company anticipates robust growth in Q4, with expectations for return to historical margin levels.

Snipp Interactive Inc. has announced a renewal of its US license for the SnippINSIGHTS module from its SnippCARE platform with a major global food producer. This marks the third contract of 2021 for Snipp with this client and highlights a long-standing relationship dating back to 2015. The renewal extends services through 2022, building on previous contracts, including a USD $1.98 million agreement announced earlier this year. Snipp's focus on generating unique consumer data continues to drive its strong client relationships.

Snipp Interactive Inc. (TSXV:SPN, OTC PINK:SNIPF) has been approved as a global supplier to a leading American technology corporation. Following a comprehensive vendor qualification process, Snipp received its inaugural order for a North American program set to launch in January. The contract includes plans for programs across 15 countries in Europe and Latin America. The Company emphasizes its strategic focus on new markets and industries, including sports betting, iGaming, and fintech, aiming for a profitable close in Q4 2021.