Snipp Interactive Reports Entry Into UK Market With ￡350,000+ GBP Contract with Leading British Multinational Consumer Goods Company

Rhea-AI Summary

Snipp Interactive has secured a GBP 350,000 (USD $440,000) loyalty contract with a Fortune 500 company to enhance their global loyalty program focused on baby and toddler products in South America and Southeast Asia. The transition to Snipp's CARE platform aims to improve consumer experience and data acquisition. Additionally, Snipp has expanded its presence in Europe with the hiring of Mark Ross as VP of Sales, enhancing its ability to capture enterprise-level opportunities across four continents.

Positive

• Secured GBP 350,000 (USD $440,000) loyalty contract with a Fortune 500 company.
• Expansion into EMEA with the hiring of a VP of Sales to increase market reach.
• The contract enhances Snipp's global presence in four continents.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / August 31, 2021 / 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 GBP 350,000 (USD $440,000) loyalty contract with a Fortune 500 Company (the "Client'), that is referred to by Fortune as, "one of the World's Most Admired Companies." The Client will transition their global loyalty program to Snipp on the strength of the Snipp Customer Acquisition, Retention and Engagement (CARE) platform. This contract will focus on growing market share only for the Client's baby and toddler products in a single large South American country and two large Southeast Asian countries where the Client has had difficulty executing effective programs. The Client will be leveraging Snipp's omnichannel capabilities with the CARE platform and Snipp's proprietary receipt processing capabilities to improve their consumer experience and expand their acquisition of rich first party data. Future contracts will focus on adding other markets for this product category as well as addressing other business units within this multi-channel client. The Client has multiple brands within the health, hygiene and nutrition space and has a portfolio of many loved and trusted household and consumer brands

The addition of this Client brings the Snipp CARE platform to four continents including North America, EMEA, LATAM and APAC.

To assist with expansion into EMEA, Snipp also announces the addition of Mark Ross as VP of Sales. Ross, with 20 years of experience with FMCGs, will be based in the UK.

"I am personally excited by our EU expansion. With our new sales hiring's we are already seeing a robust pipeline of opportunity being developed for that region not only from our existing North American clients but also from net new clients based in that region. In addition, we continue to see an increased appetite for enterprise level conversations for global deployments which necessitates our need to have feet on the ground in key global markets. This contract is a prime example of clients with a Global Presence looking to solve marketing barriers within their various markets, while building unique data sets." said Atul Sabharwal, Founder & CEO.

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.

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FAQ

What is the recent contract secured by Snipp Interactive (SNIPF)?

Snipp Interactive secured a GBP 350,000 (USD $440,000) loyalty contract with a Fortune 500 company.

In which markets will Snipp Interactive's new loyalty contract focus?

The loyalty contract will focus on baby and toddler products in a large South American country and two Southeast Asian countries.

Who has Snipp Interactive hired to assist with their EMEA expansion?

Snipp has hired Mark Ross as VP of Sales to support its expansion into EMEA.

What platform will the Fortune 500 Client utilize for their loyalty program?

The Client will transition to Snipp's Customer Acquisition, Retention, and Engagement (CARE) platform.

How does the new contract impact Snipp Interactive's global reach?

The contract brings Snipp's CARE platform to four continents, enhancing its global presence.