Snipp Interactive Inc. Announces Results Of Its Annual General & Special Meeting

Rhea-AI Summary

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.

Positive

• Shareholder approval for all proposals at the meeting.
• Re-election of key board members strengthens governance.
• Appointment of Davidson & Company LLP as auditor enhances credibility.
• Amended stock option plan supports future employee incentives.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / December 30, 2021 / Snipp Interactive Inc. ("Snipp" or the "Company") (TSXV:SPN)(OTCPK:SNIPF), a Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector, announces that it held its annual general and special meeting of shareholders (the "Meeting") on Thursday, December 30, 2021.

Snipp would like to thank its shareholders for their continued support, as all matters that were put before them at the Meeting were approved. Snipp is pleased to announce the re-election of Thomas J. Burgess, Brian J. Tunick, Sarfaraz Haji and Atul Sabharwal, to its board of directors (the "Board").

At the Meeting, shareholders appointed Davidson & Company LLP as Snipp's auditor for the ensuing year. Also, at the Meeting, in accordance with the policies of the TSX-V, Snipp obtained disinterested shareholder approval of the Company's amended fixed number stock option plan (the "Option Plan").

For more information on these and other matters voted on at the Meeting, see Snipp's information circular dated November 12, 2021 that is available on Snipp's SEDAR profile at www.sedar.com.

"We would like to thank our shareholders for overwhelmingly supporting our strategy as evidenced by the high participation and agreement on each proposal we put forward at the Meeting. Our strategy is bearing fruit as is evidenced from the increased recognition we are getting in the public markets. We are entering 2022 with a strong foundation built on profitable and record growth. We look forward to sharing our strong fourth quarter performance and the progress we have made on exciting projects that our teams have been working on. We wish everyone a healthy and happy 2022." said Atul Sabharwal, Founder & CEO.

About Snipp:

Snipp Interactive Inc (TSX-V:SPN; OTCPK:SNIPF) is a 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 1000 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 the Company's website at www.snipp.comwww.snipp.com

Snipp is headquartered in Vancouver, Canada with a presence across the United States, Canada, Ireland, Europe, and India. The company is publicly listed on the Toronto Stock Venture Exchange (TSX-V) 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.

View source version on accesswire.com:
https://www.accesswire.com/680234/Snipp-Interactive-Inc-Announces-Results-Of-Its-Annual-General-Special-Meeting

FAQ

What were the results of the Snipp Interactive Inc. annual general meeting on December 30, 2021?

At the annual general meeting on December 30, 2021, all proposed resolutions were approved by shareholders, including board re-elections and the appointment of the auditor.

Who were re-elected to the board of Snipp Interactive Inc. at the December 30, 2021 meeting?

Re-elected board members include Thomas J. Burgess, Brian J. Tunick, Sarfaraz Haji, and Atul Sabharwal.

What is the significance of the amended stock option plan approved at Snipp's meeting?

The amended stock option plan was approved to provide better incentives for employees and align their interests with shareholders.

Which audit firm was appointed for Snipp Interactive Inc. for the coming year?

Davidson & Company LLP was appointed as Snipp Interactive Inc.'s auditor for the upcoming year.

What does CEO Atul Sabharwal say about Snipp's future after the annual meeting?

CEO Atul Sabharwal expressed optimism, stating that the company has a strong foundation for growth and plans to share impressive fourth-quarter results.