Snipp Receives Order from A Top 5 Global Research Firm for The Roll Out of Snipprewards Across 15 Countries
Snipp Interactive has announced a significant expansion of its SnippRewards platform with a new order from a top 5 global market research firm. Following a successful pilot program, Snipp will deploy its platform across 15 countries spanning 4 continents, with an anticipated annual contract value of USD 2 million to 3 million. The rollout includes 11 countries in Q1 2021 and 4 more by April 2021. Snipp's rewards platform now features over 1,325 brand rewards and conversations for future deployments with additional clients are underway.
- Secured an order for the roll-out of SnippRewards across 15 countries, indicating strong client confidence.
- Potential contract value of the deployment could range from USD 2 million to 3 million annually.
- The platform's scalability and capability to serve diverse industries have been validated by expanding from a single pilot to multiple countries.
- None.
VANCOUVER, BC / ACCESSWIRE / March 4, 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 provide a second update to its previously announced pilot program ("Pilot") for a top 5 global market research and consulting firm ("Client"). This is a new industry that Snipp focused on entering last year. Refer to press releases disseminated on January 5th, 2021, titled "Snipp provides update on previously announced pilot program with a top 5 global research firm" and November 9, 2020, titled "Snipp Interactive launches programs across new industries and geographies as it looks to scale growth."
Based on the success of the Pilot that was carried out in the second half of 2020 and a successful deployment on January 4, 2021, Snipp is pleased to announce that it has received an order for the deployment of the SnippRewards platform across 15 countries spread across 4 continents (11-Europe, 1-Asia, 2-Latin America and 1-North America - Canada). 11 of these countries will be launched in the first quarter of 2021 and the remaining 4 in April 2021. The Client's end customer for this roll out is a leading American Multichannel cigarette and tobacco company. The Client has also indicated that they will be issuing subsequent orders to cover a total of all 39 countries that are represented in this research panel for their end customer. The potential contract value of the complete deployment as previously mentioned stands at between US
This Client of Snipp has multiple such customers that can leverage the SnippRewards platform to incentivize their research panels. The Client has a presence in 90 markets today. Preliminary conversations are underway for transitioning other customers of this Client to the SnippRewards platform. SnippRewards is a leading rewards platform that has integrated over 1,325 unique brand rewards across 150+countries and 45+currencies including cryptocurrency rewards.
"The growth of our order book with this Client from a single pilot country last year to 15 countries today is a testament to the confidence this Client has not only in the scalability of our platform but also in our seamless implementation capabilities. Moreover, it represents not only the global reach of our solutions but also the applicability of the platform across industries to solve for a variety of different client objectives", said Atul Sabharwal, Founder, "We look forward to the continued roll out of SnippRewards not only for this Client but particularly towards the new opportunities in previously untapped markets this roll out will potentially bring us. Snipp typically services large Fortune 1000 clients who operate globally so proving our ability to deploy our capabilities in all of the markets that our clients operate in represents a large opportunity for our growth."
Visit the Snipp website at http://www.snipp.com/ for Snipp's full suite of solutions and examples of Snipp programs.
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.
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SOURCE: Snipp Interactive Inc.
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FAQ
What is the latest update from Snipp Interactive regarding their SnippRewards platform?
What is the estimated contract value of the new order for SnippRewards?
When will SnippRewards be launched in the countries mentioned in the press release?
Who is the client for Snipp's recent order for SnippRewards?
How many brand rewards are integrated into the SnippRewards platform?
