Snipp Interactive Announces Seven Figure Contract Award with Leading Multibillion Dollar Global Food and Petcare Products Company

Rhea-AI Summary

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.

Positive

• Secured a contract valued over US $1,100,000, enhancing revenue stability.
• Third successful contract with a Fortune 100 company, indicating strong customer relationships.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 9, 2023 / Snipp Interactive Inc. ("Snipp," the "Company") (TSX-V:SPN)(OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates, and loyalty solutions, is pleased to announce it has secured a contract this week valued at over US $1,100,000 with a leading multibillion dollar global food and petcare products company. This is the third contract win with this global customer in just over three years.

Snipp will provide its proprietary SnippCheck receipt processing technology to enable a pet care rebate program based on customers who successfully submit their receipts for qualifying rewards. The client, a Fortune 100 company with over $37 billion in annual sales, selected Snipp based on their successful execution of previous programs and unique technology offering.

"We are very pleased to win repeat business from one of the world's largest companies. The win is a testament to the breadth of services we are able to provide to a marketplace that poses increasingly complex challenges in reaching and retaining the loyalty of valuable customers," said Atul Sabharwal, Founder of Snipp. "In today's environment, customers continue to switch brands and retailers, and are hyper focused on where their dollars are being spent. Our suite of programs and services helps our clients build specific connections to customers via active engagement, and is a key component of any robust sales and marketing plan."

About Snipp:

Snipp Interactive Inc (TSX-V: SPN; OTCPK: SNIPF) is a leading Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector. Snipp's proprietary and modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of Fortune 500 clients and world-class agencies and partners to use various modules of the Platform to run long-term and short-term programs and promotions, while continually generating and capturing unique zero party data that is invaluable in providing insights to drive sales. SnippCHECK, the Platform's Receipt Processing Module has established itself as the clear industry leader and standard by powering a large majority of all receipt-based promotions in North America. SnippLOYALTY, the Platform's full scale modular loyalty engine allows clients the flexibility of deploying any/all aspects of a standard loyalty program on a case-by-case basis. SnippREWARDS, the Platform's modular catalogue of digital and physical rewards provides clients with global and easily deployable access to an extensive catalogue of digital and physical rewards. SnippWIN, the Platform's gaming module solves for the implementation and compliance difficulties of offering games of chance and skill on a global basis and allows for the global deployment and administration of legally compliant games of chance and skill. For more information, visit Snipp's website at www.snipp.com.

Snipp is headquartered in Vancouver, Canada with a presence across the United States, Canada, Ireland, Europe, and India. Snipp is publicly listed on the TSXV in Canada and is also quoted on the OTC Pink marketplace under the symbol SNIPF.

FOR FURTHER INFORMATION PLEASE CONTACT:

Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com
1-888-99-SNIPP

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright Snipp Interactive Inc. All rights reserved. All other trademarks and trade names are the property of their respective owners.

SOURCE: Snipp Interactive Inc.

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FAQ

What recent contract did Snipp Interactive secure?

Snipp Interactive secured a contract worth over US $1,100,000 with a leading global food and petcare company.

Why did Snipp Interactive win the contract with the Fortune 100 company?

The Fortune 100 company chose Snipp due to its successful execution of previous programs and unique technology offerings.

How many contracts has Snipp Interactive won from the global food and petcare company?

Snipp Interactive has won three contracts from the global food and petcare company in just over three years.

What technology will Snipp provide for the new contract?

Snipp will provide its proprietary SnippCheck receipt processing technology for a rebate program.

What is the annual sales figure of the Fortune 100 company that contracted Snipp?

The Fortune 100 company has annual sales exceeding $37 billion.