Snipp Interactive Secures EUR 200,000+ Contract with Leading Pan European Luxury Pet Supplier; Reports Year To Date International Revenues of over USD $1.5MM for The First Time In Three Years

Rhea-AI Summary

Snipp Interactive has secured a contract exceeding EUR 200,000 with a major Italian luxury ecommerce retailer, part of a prominent European retail group, aiming for expansion in North America and Asia. The company's international recognized revenues surpassed USD 1.5 million this year, marking a three-year high. Snipp operates in over 30 countries, demonstrating the effectiveness of its SnippCARE platform amid pandemic challenges. Snipp focuses on building a global business comparable to its North American operations.

Positive

• Secured a EUR 200,000+ contract with a leading Italian luxury ecommerce retailer.
• Year-to-date international revenues exceeded USD 1.5 million, a three-year record.
• Operates in over 30 countries, indicating successful global expansion.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / September 15, 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 recently secured a EUR 200,000+ contract for the Company's SnippCARE (Customer Acquisition, Retention and Engagement) Platform with a leading Italian luxury ecommerce retailer. The Client is a subsidiary of a seventy-year-old leading European retail development group with a retail presence in over 25 European countries. The group is also eying expansion into North America and Asia of its luxury pet brands and will leverage Snipp's technology to create a unified platform to facilitate its expansion by gathering unique zero- and first-party data to create a more personalized relationship with its customers globally.

The company also takes the opportunity to report that its recognized revenue from its international operations has crossed USD $1.5MM for the year to date. This is a three-year record as the company executes on its strategy to service its Fortune 500 clients globally and build a presence in key markets outside of North America. The company has programs running in over 30 countries today which is also a record for and a testament to the flexibility and deployment capability of its SnippCare platform.

"We continue to build our global presence not only with leading Fortune 500 companies but with leading companies based outside of North America. Crossing the $1.5MM mark this year in recognized revenue from our global operations is a testament to the hard work our teams are doing in a difficult pandemic affected environment that really hasn't allowed us to travel freely to build bridges and relationships. We believe there is a huge untapped demand worldwide for our platform and we look forward to sharing more such and larger successes on the sales accruing through our global expansion strategy. We intend to build a global business that is at least as large as our North American business in a relatively short period of time."

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 recent contract did Snipp Interactive secure?

Snipp Interactive secured a contract exceeding EUR 200,000 with a leading Italian luxury ecommerce retailer.

What are Snipp Interactive's international revenues for the year?

Snipp's international recognized revenues have surpassed USD 1.5 million for the year to date.

In how many countries does Snipp operate?

Snipp operates in over 30 countries globally.

What is the focus of Snipp's business expansion?

Snipp aims to build a global business comparable in size to its North American operations.