CALGARY, Alberta, Jan. 31, 2018 (GLOBE NEWSWIRE) -- FanLogic Interactive Inc. (TSXV:FLGC) (OTCQB:FNNGF) (“FanLogic” or the “Company”) is a market leading digital promotions software company, unlocking the power of loyalty and social influence. Today FanLogic is pleased to announce the appointment of Mr. Rishan Bhagowat to the Company's Advisory Board.
Mr. Bhagowat is the founder and managing director of the leading blockchain focused incubator, Sublime Group which has earned a stellar record funding and incubating some of the most successful blockchain startups to date. Through his company, Sublime Group, Rishan has established himself as a pioneer in the emerging digital capital market space, specializing in raising capital through digital token sales.
Rishan is a leader and entrepreneur at heart and has set up, scaled and exited several successful multinational businesses ever since completing his studies and board exams in Actuarial Science. He founded Digilytic International FZE., a behaviorally targeted online advertising platform leveraging machine learning and big data.
Furthermore, Rishan is an angel investor in DroneClouds and RYDE Inc. and serves on various boards of companies which share his vision of leveraging technology to improve life for the less fortunate and bring more joy into the world.
Randolph Brownell, CEO, states: "Adding someone of Rishan’s caliber to our Advisory Board is a significant achievement. His cultivated relationships, as they relate to blockchain technology and digital tokenization with respect to global brands, are unparalleled. We are honored to have him aboard."
Rishan Bhagowat comments, "Fanlogic has pioneered world class technology that enhances the visibility of even the largest Brands. Their proprietary peer-to-peer viral advocacy engine is disruptive, data insightful and provides accretive value. They are a leader in driving brand loyalty and I fully intend to leverage my experience and relationships to showcase the unique value of this technology and create exciting business opportunities."
The Company previously announced it has granted 350,000 stock options to acquire the same number of common shares of the Company at CDN$0.47 per share for a period of three years to Mr. Bhagowat for his role as an advisor to the Company.
FanLogic is currently developing a token solution that will enable celebrities and brands to seamlessly integrate into a unified omni-channel interoperable loyalty ecosystem. FanLogic’s digital lead and sales generation success is driven through its proprietary peer to peer referral based contests, loyalty and tokenization programs, affiliate incentives, coupons, market research/surveys, charitable initiatives, branded games, 50/50 lotteries and ad-based 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) accepts responsibility for the adequacy or accuracy of this press release.
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