VANCOUVER, BC / ACCESSWIRE / November 17, 2020 / Snipp Interactive Inc. ("Snipp") (TSX-V:SPN)(OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates and loyalty solutions, completed its first campaign across four Asian countries - Indonesia, Malaysia, Singapore and Philippines. Snipp's client is a leading Fortune 500 Food Manufacturer that has been a repeat client of Snipp since 2015. This marks the first use case of Snipp's platform internationally for this client and also the first deployment of the platform for Snipp in the region.
Up until 2019, the average contract value with this client stood at just over $600,000 USD annually, but in the first 10 months of 2020 for North America, this contract value grew to over $750,000. Now with the successful completion of the Asian program, Snipp and the client are in discussions for the 2021-25 period with a view of undertaking global deployments.
"This relationship with our client is a typical illustration of one of the many pillars of growth opportunities available to us as a company - leveraging our long lasting and deep bench of Fortune 500 clients whom we can service globally. Over the last two years, we have worked hard on product development, scalability and platform maturity that is now enabling us to reach new markets, break into new industries and most importantly grow our revenues profitably.", said Atul Sabharwal, Founder & CEO. "We will continue to share such marquee successes as we grow not only our share of wallet with our existing 90+ clients in 2020 but also as we attract new clients to the fold globally. Our fourth quarter revenues continue to grow at an impressive rate in comparison to last year and we head into the last six weeks of this quarter with a strong wind at our backs despite the challenges faced by all in 2020."
About Snipp:
Snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales. Our solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. We also provide the services and expertise to design, execute and promote client programs. SnippCheck, our receipt processing engine, is the market leader for receipt-based purchase validation; SnippLoyalty is the only unified loyalty solution in the market for CPG brands. Snipp has powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners.
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
[email protected]
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SOURCE: Snipp Interactive Inc.