VANCOUVER, May 16, 2018 /CNW/ - 3tl Technologies Corp.
(TSXV: TTM) (OTCQB: TTMZF) (the "Company" or "3tl"), announces that
as of the end of April 2018 it has
signed 20 new license and service agreements with leading brands
including 10 repeat customers and 10 new customers.
In addition to a three-year license renewal and extension with a
global media & entertainment company (see press release dated
May 10, 2018), license agreements
were signed over the first four months of 2018 with:
- A popular rice brand; for a three month gift with purchase
promotion;
- A multinational brewing company with over $25 billion in annual revenue, which has licensed
PLATFORM³ multiple times, for a six month shopper
marketing promotion;
- A leading manufacturer of household products for a five year
license agreement, which has previously licensed
PLATFORM³ for short-term promotions;
- A family-owned canned beans company; for a two month long gift
with purchase promotion with select retailers; and,
- The home entertainment division of multinational media
corporation for a six month loyalty program, which is an extension
of a one-year license, signed while discussions are underway for a
longer term license.
Under these agreements, the customers will use
PLATFORM³ to engage their consumers via mobile
devices, reward purchases and collect valuable consumer data.
PLATFORM³'s Artificial Intelligence and Machine
Learning modules will enable the customers to monetize the consumer
data by targeting offers based on consumers' purchasing behaviour
and demographics.
These license agreements will provide 3tl with license revenue
of over $200,000 with close to 70%
being recognized in 2018. 3tl will also be paid transaction fees
based on the number of times consumers validate purchases and brand
interactions on PLATFORM³. The Company has agreements
that will generate approximately $1.5
million in revenues plus transactions fees including the 20
agreements signed in the first four months of 2018, and agreements
signed in prior periods. As recently reported, 3tl's gross margins
were 61% in for the year ended December 31,
2017.
"Our customers keep coming back to us because our platform has
helped them grow customer loyalty and target the right consumers at
the right time," said Robert Craig,
3tl's CEO. "2018 has been a strong year for us already. We're
focused on helping brands connect directly with their consumers,
and harnessing the power of data to drive initial purchase,
purchase frequency and customer loyalty."
About 3tl Technologies Corp.
3tl has developed a
proprietary, mobile-based consumer marketing platform –
PLATFORM³ – that is sold to global Consumer Packaged
Goods (CPG) companies and consumer brands. PLATFORM³
is delivered as a subscription service (Software as a Service
model) and used by CPG companies to engage consumers, reward
purchases and collect valuable consumer data.
PLATFORM³ incorporates Artificial Intelligence and
Machine Learning to monetize the consumer data, including
demographics and purchasing behaviour, by sending consumers
targeted offers by email and text messages. For more information,
visit 3tltechcorp.com.
For additional information about the company please visit
www.sedar.com. The TSX Venture Exchange Inc. has in no way
passed upon the merits of the transaction and has neither approved
nor disapproved the contents of this press release. Neither
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
release. This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectation. Important factors - including the
availability of funds and the results of financing efforts, - that
could cause actual results to differ materially from the Company's
expectations are disclosed in the Company's documents filed from
time to time on SEDAR (see www.sedar.com). Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press
release. The Company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE 3tl Technologies Corp.