Top 5 Most Valuable Food Brand Company in the Fortune 250 Extends Relationship with Snipp to European Market

Rhea-AI Summary

Snipp Interactive Inc. (TSXV:SPN, OTC PINK:SNIPF) has expanded its partnership with a prominent global producer of cereal and convenience foods to include the European market. The company has licensed its SnippCARE platform for deployment in Germany, with initial launches anticipated soon. To date, total billings with this client have surpassed US $2.5 million. CEO Atul Sabharwal expressed optimism about further global market penetration, leveraging valuable data generated from North American operations.

Positive

• Expansion into the European market enhances growth opportunities.
• Total billings from the client exceed US $2.5 million, indicating strong business relations.
• Successful prior implementation in North America fosters confidence in European deployments.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / November 10, 2022 / Snipp Interactive Inc. ("Snipp" or the "Company") (TSXV:SPN)(OTC PINK:SNIPF), a Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector, is pleased to announce that one of the world's leading producer of cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods has extended its relationship with the Company to the European market. The Client has licensed the Company's SnippCARE (Customer Acquisition Retention and Engagement) Platform for deployment across Europe with the first deployments in the German market later this quarter. The Client's products are marketed in more than 180 countries.

The Client has previously contracted with Snipp in the North American market and has steadily expanded its use and deployments of various components of the SnippCARE Platform across North America. Total billings to date with this client have exceeded US $2.5MM.

"We are grateful to have built such a trusting and deep relationship with this client over the years. We look forward to further penetrating this account globally as additional markets realize the power of the zero and first party consumer data we are generating for the North American market today." said Atul Sabharwal, Founder of Snipp.

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.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.

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FAQ

What recent partnership expansion did Snipp Interactive announce?

Snipp Interactive announced an expansion of its partnership with a leading global cereal producer to include the European market.

What platform is being deployed in Germany by Snipp Interactive?

Snipp Interactive's SnippCARE platform is being deployed in Germany.

What are the total billings from Snipp's client to date?

Total billings from the client to date have exceeded US $2.5 million.

When is the first deployment of Snipp's platform expected in Germany?

The first deployments in Germany are expected later this quarter.

What impact does the European expansion have on Snipp Interactive's growth?

The expansion into Europe enhances growth opportunities for Snipp Interactive.