Mr. Malcolm Davidson reports
SNIPP INTERACTIVE ANNOUNCES SIX-FIGURE CONTRACT WITH LEADING SATELLITE TV PROVIDER AND ENGAGES MARKET MAKER
Snipp Interactive Inc. has been awarded a significant six-figure contract from a prominent satellite television provider in North America. The agreement represents a key milestone in Snipp's continued expansion within the media and entertainment industry.
Under the terms of the agreement, Snipp will oversee the full life cycle of the client's loyalty sweepstakes program, including program strategy, sweepstakes administration, prize procurement and fulfilment. The initiative forms a core part of the satellite television provider's broader efforts to deepen customer engagement and drive member retention within its loyalty program.
Snipp was awarded the contract following a competitive RFP (request for proposal) process, thanks to its proven expertise in promotions, sweepstakes and loyalty program management. The client also pointed at Snipp's comprehensive suite of cutting-edge capabilities, including artificial-intelligence-powered personalization, predictive intelligence, advanced fraud prevention, deep partner integrations and one of the largest global rewards networks as key differentiators.
"We're proud to partner with one of the most respected brands in the satellite TV industry," said Atul Sabharwal, chief executive officer of Snipp Interactive. "This win highlights both the strength of our modular technology platform and our commitment to driving innovation in the loyalty and promotions space. We look forward to helping our client deliver smarter, more personalized and more engaging experiences for their members. We're confident that this client will fully leverage our modular promotion and loyalty solutions over time to deepen member engagement and support their evolving business goals."
This latest win adds to Snipp's growing portfolio of clients across the telecom, entertainment and media sectors, reinforcing its position as a trusted partner in delivering scalable and results-driven loyalty and promotion solutions.
Additionally, the company has, subject to regulatory approval engaged the services of Independent Trading Group (ITG) to provide market-making services in accordance with TSX Venture Exchange policies and applicable securities laws and regulations. ITG will trade shares of the company on the TSX-V and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.
Under the agreement, ITG will receive compensation of $5,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will automatically renew for additional one-month terms unless terminated. The agreement may be terminated by either party upon providing 15 days of prior written notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities, and, at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the company.
About Snipp Interactive Inc.
Snipp Interactive is a leading platform-as-a-service (PaaS) company in the global loyalty and promotions sector. Snipp's proprietary and modular SnippCare (customer acquisition, retention and engagement) platform allows its marquee list of Fortune 500 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 are invaluable in providing insights to drive sales. SnippCheck, the platform's receipt processing module, has established itself as an 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.
Snipp is headquartered in Vancouver, Canada, with a presence across the United States, Canada, Ireland, Europe and India. Snipp is publicly listed on the TSX-V in Canada and is also quoted on the OTC Pink marketplace under the symbol SNIPF.
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