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Adcore Inc
Symbol ADCO
Shares Issued 58,848,397
Close 2021-05-21 C$ 1.52
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Adcore signs $1.5M contract with department store chain

2021-05-25 09:32 ET - News Release

Mr. Omri Brill reports

ADCORE ANNOUNCES NEW CONTRACT WITH ISRAEL'S LARGEST DEPARTMENT STORE CHAIN

Adcore Inc. has entered into an agreement to provide its digital marketing technologies and services to Hamashbir Lazarchan Department Stores Ltd., Israel's largest department store chain. Adcore will provide digital marketing services to the chain's 36 retail locations across Israel and will also support the chain's newly launched e-commerce site. The contract is valued at $1.5-million.

"Hamashbir Lazachan is among Israel's best known and well-regarded retail operations and the country's only retail department store chain. We are pleased to have this opportunity to work with them to support and advance their digital marketing capabilities. In addition to promoting their 36 flagship brick and mortar locations, Adcore will also provide its expertise and digital advertising platforms for the company's on-line site," stated Omri Brill, Adcore's chief executive officer. "We look forward to assisting their efforts to drive foot traffic into their stores as well as to increase the number of on-line visitors to their e-commerce site. As a purveyor of a wide variety of high-quality, leading brands, Hamashbir Lazarchan meets a broad range of consumer shopping needs including cosmetics, all types of fashion, housewares, textiles and electronics. We are excited to join forces with this iconic Israeli retail brand and believe our digital marketing technology and market reach will bring value and efficiency to their advertising strategy going forward."

About Adcore Inc.

Adcore is empowering entrepreneurs, advertisers and the future of e-commerce through its advertising management and automation platform. By combining extensive industry knowledge and experience with its proprietary artificial intelligence engine, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising, and monitoring and analyzing the performance of their advertising budget to ensure maximum return on investment. In addition to being named numerous times on Deloitte's Fast 50 Technology list, Adcore is a certified Google Premier partner, Microsoft partner, Facebook partner and TikTok partner.

Established in 2006, the company employs over 50 people in its headquarters in Tel Aviv, Israel, and satellite offices in Toronto, Canada, Melbourne, Australia, and Hong Kong and Shanghai, China.

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