CALGARY, AB / ACCESSWIRE / January 9, 2018 / Fanlogic Interactive Inc. (TSX-V: FLGC; OTCQB: FNNGF), ("Fanlogic" or the "Company") is pleased to confirm the creation of a stand-alone subsidiary, aptly named Fanblock.io, domiciled in the United Kingdom.
The mission of Fanblock.io is to source, develop, and adapt new blockchain technology as it relates to any composite part of the brand/celebrity advertising ecosystem, specifically in the loyalty and social segment, which FanLogic currently operates within. This is a huge attraction to our existing clients and all big brands as their existing loyalty programs are problematic and expensive to administrate.
FanLogic's solution through FanBlock.io could potentially eliminate this liability from big brands and provide a seamless, global alternative for loyalty programs and, more importantly, redemptions and returns. Our vision will convert this liability and provide the coveted "ROI" to the Brand.
Tokenization is the currency used within a specific blockchain. By using tokens, FanLogic will offer users rewards, users can trade goods, spend tokens to play games within the FanLogic network or buy items, etc. FanLogic is leveraging its relationship with Easter Egg Pte. Ltd., a blockchain company (N.R. dated December 5, 2017). The founder of Easter Egg, Sandeep Sangli, has joined FanLogic's Advisory Board.
FanLogic's existing programs have been constructed to easily adapt to blockchain technology. Our multi-level platforms are driven through our proprietary peer to peer referral based contests, loyalty programs and incentives, coupons, sweepstakes, charitable initiatives, branded games, 50/50 lotteries and charity draws, and social daily fantasy sports and entertainment contests.
FanLogic may look at investing in emerging companies and/or potential M&A opportunities. We could eventually spin off this entity as it goes through its evolutionary growth cycle. The Company is currently in discussions with blockchain companies and will update investors upon transactional considerations.
FanLogic's digital lead and sales generation success are driven through its proprietary peer to peer referral based contests, loyalty programs and incentives, coupons, sweepstakes, charitable initiatives, branded games, 50/50 lotteries and charity draws, and social daily fantasy sports and entertainment contests.
FanLogic is a market leading digital promotions software company and creator of the FanLogic Connect platform. FanLogic Connect provides brands and agencies the ability to create unforgettable social campaigns through unique gamification techniques. FanLogic Connect grants clients the ability to monetize their social media following and grow their existing audience while gathering highly valuable demographic and behavioral information.
For more information about FanLogic, visit:
http://FanLogicInteractive.com or http://FanLogicConnect.com
For further information, please contact:
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including details about the business of the Corporation and the use of proceeds from the Offering. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
SOURCE: Fanlogic Interactive Inc.
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