Snipp Interactive Inc. Executes Renewal Contracts with 4 Marquee Clients Worth USD $1.12MM

Rhea-AI Summary

Snipp Interactive has announced the execution of renewal contracts with four marquee clients, totaling USD $1.12 million. These contracts affirm the effectiveness of the proprietary SnippCARE Platform, which supports various companies in customer engagement and data collection. Notable clients include a major coffeehouse chain, a firearms consortium, a state lottery commission, and a utility company in Ireland. The company emphasizes its diverse clientele, highlighting the platform's ongoing success in maintaining long-term relationships with clients.

Positive

• Secured renewal contracts with four marquee clients worth USD $1.12 million.
• Demonstrates the effectiveness and versatility of the SnippCARE Platform.
• Client diversity includes Fortune 500 companies and state-run entities, indicating strong market presence.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / September 29, 2021 / Snipp Interactive Inc. ("Snipp", the "Company") (TSXV:SPN)(OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates, and loyalty solutions, is pleased to announce it has executed renewal contracts with 4 current marquee clients worth USD $1.12MM. Apart from continuing to validate the successful use and deployment of the Company's proprietary SnippCARE (Customer Acquisition, Retention and Engagement) Platform, these renewals and their respective use cases demonstrate the depth and breadth of the SnippCARE Platform and its underlying modular components:

• A leading American multinational chain of coffeehouses and roastery reserves uses SnippCHECK, the industry-leading receipt processing engine and component of the SnippCARE Platform to extend its award winning in-store loyalty program to its retail customers, allowing the client to generate and capture first party data sets to get a wholistic view of their customers purchase data across all North American stores
• A world-renowned consortium of companies involved in the design and manufacture of firearms uses the SnippCARE Platform within its highly regulated industry to acquire, retain and engage their distributors and gain valuable insights into sales trends, pricing and product sales that drive their promotions and create sales incentives programs.
• The Lottery Commission of one of the top 10 most populous states in the US uses SnippREWARDS efficiently to acquire and distribute incentives to its customers. SnippREWARDS enables second chance wins and drives loyalty from a younger demographic that is critical for the success of any lottery program.
• A premier utility company in the country of Ireland uses SnippLOYALTY to run a full-scale points-based loyalty program for its utility customers. The program helps the utility engage with and drive user behaviors around their energy consumption and bill payments.

"Over the last few weeks, we have focused on sharing our successes on net new client wins in industries and geographies we do not typically sell into, and our release this week is focused on demonstrating the stickiness of our SnippCARE Platform with existing clients, some of whom have been working with us for over three renewal cycles", said Atul Sabharwal, Founder of Snipp, "these clients are increasingly diverse in nature as can be seen from the descriptions of their businesses and range from Fortune 500 companies to State run entities. As much as we would love to share our client names, the strategic and tactical importance of our programs for our clients' businesses necessitate us having strict non-disclosure restrictions with them, that prevent us from being able to do so. With that said many of these clients are household names that are widely recognized in their respective regions if not globally."

About Snipp:

Snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales. Our solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. We also provide the services and expertise to design, execute and promote client programs. SnippCheck, our receipt processing engine, is the market leader for receipt-based purchase validation; SnippLoyalty is the only unified loyalty solution in the market for CPG brands. Snipp has powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners.

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/666039/Snipp-Interactive-Inc-Executes-Renewal-Contracts-with-4-Marquee-Clients-Worth-USD-112MM

FAQ

What is the total value of the new contracts announced by Snipp Interactive?

The total value of the new contracts announced by Snipp Interactive is USD $1.12 million.

How does the SnippCARE Platform benefit its clients?

The SnippCARE Platform benefits its clients by enhancing customer acquisition, retention, and engagement through effective data collection and marketing strategies.

What industries do the clients of Snipp Interactive belong to?

The clients of Snipp Interactive belong to diverse industries including retail coffeehouses, firearms manufacturing, state lottery commissions, and utility services.

What distinguishes the SnippCARE Platform from competitors?

The SnippCARE Platform is distinguished by its modular components, effectiveness in various industries, and ability to support long-term client relationships.

What is the significance of the renewal contracts for Snipp Interactive?

The renewal contracts are significant as they validate the company's product offerings and its ability to retain major clients over multiple renewal cycles.